# 2938 E Michigan Street, Indianapolis, IN 46201

> **TL;DR:** multi-family, $75,000, built 1900.
> Basement. Est. $325/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $75,000 |
| Year Built | 1900 |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $325 |
| **Total** | **$325** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1900

## Description

### Agent 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.

## Location

- **Address:** 2938 E Michigan Street, Indianapolis, IN 46201
- **County:** Marion
- **Neighborhood:** Ardella Add
- **Coordinates:** 39.77472, -86.113965
- **Google Maps:** https://www.google.com/maps?q=39.77472,-86.113965

## Listing Agent

- **Name:** Ely Berger
- **Brokerage:** The Modglin Group
- **Phone:** 3173413325
- **Email:** ely@themodglingroup.com

## Primary Photo

![2938 E Michigan Street - Primary Photo](http://lh.rdcpix.com/6a3d8985d5b7efaec9091305d4c9c843l-f2699387774r.jpg)

*4 total photos available on [listing page](https://www.propertysimple.com/listing/2938-e-michigan-street-indianapolis-in-46201-22095780)*

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**MLS#:** 22095780 | **Updated:** 2026-04-26
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2938-e-michigan-street-indianapolis-in-46201-22095780)

---

## Structured Data

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