2938 E Michigan Street

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Address: 2938 E Michigan St, Indianapolis, IN 46201, USA
Chicago & Midwest + Apartment Buildings
Created date: April 16, 2026
Date last updated: September 18, 2026
Price: $50,000Investment Analyzer NEW!

Property Description

Located at 2938 E Michigan St in Indianapolis, this duplex presents a prime value-add opportunity for investors or experienced rehabbers. The property has sustained fire damage mainly on the right side and is being sold as-is, offering a blank slate for a full renovation. With strong rental demand in the area and proximity to downtown Indianapolis, this property has excellent upside potential once restored. Ideal for a gut rehab, allowing you to redesign and maximize layout, finishes, and rental income. Whether you're looking to fix and flip or build long-term cash flow, this is a fast sale opportunity priced to move. Bring your contractor and vision-this one won't last. Cash or hard money preferred. Quick close available.

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $50,000
Year Built: 1900
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 2938 E Michigan Street, Indianapolis, IN 46201, USA
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Step 1Financing Calculation

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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