1523 E Mills Avenue
Indianapolis, IN 46227
Map
- 6 beds
- 2 baths
- 2,682 sqft
- 10,890 sqft lot
- $90 per sqft
- 1928 build
Incredible Investment or Multi-Generational Living Opportunity within Walking Distance of UIndy! Just half a mile from campus, this spacious 6-bedroom home offers charm, flexibility, and a prime location-ideal for multi-generational living or as a high-demand college rental. With nearly 2,700 sq ft of living space, it's perfect for investors or families needing ample room. The main floor includes two bedrooms and a full bath, while the upper level offers two more bedrooms. The finished, full-sized basement-matching the footprint of the main floor-includes two additional bedrooms, a full bathroom, and a second living area. This setup is ideal for added privacy, rental income, or guests. A two-car detached garage has been partially finished, providing potential for conversion into an Accessory Dwelling Unit (ADU) for added income or multi-generational use. Situated on a 0.25-acre lot, the property also offers expansion opportunities, with the potential to split the parcel for future development. Accessibility is a plus, with a newly built handicap-accessible ramp for easy main-level entry. Original hardwood floors throughout the main and upper levels add timeless appeal, while a glass-enclosed front porch offers a year-round retreat. Whether you're seeking a smart investment, flexible living options, or a spacious layout for multiple generations, this home delivers. Its location, versatility, and long-term potential make it truly unique. Don't miss out-schedule your showing today!
Last checked:
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Last updated May 23, 2025
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MLS# 22039311 —
The Building
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Year Built:1928
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New Construction:false
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Construction Materials:Vinyl With Brick
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Architectural Style:Bungalow
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Foundation Details:Block
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Levels:One and One Half
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Basement:true
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Basement:Full
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Patio And Porch Features:Glass Enclosed
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Accessibility Features:Yes
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Accessibility Features:Accessible Approach with Ramp, Accessible Entrance
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Green Certification:No
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Upper SqFt:596
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Building Area Total:2980
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Below Grade Finished Area:894
Interior
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Rooms:8
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Rooms Total:11
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Rooms Total:8
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Interior:Bedroom Other on Main
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Interior Features:Built In Book Shelves, Hardwood Floors, Hi-Speed Internet Availbl, Supplemental Storage, Windows Wood
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Eating Area:Formal Dining Room
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Laundry Features:Connections All, In Basement
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Fireplaces Total:1
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Fireplace Features:Living Room, Woodburning Fireplce
Room Dimensions
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SqFt:1788
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Main Level SqFt:1192
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Living Area:2682
Location
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Directions:GPS Friendly
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Latitude:39.704443
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Longitude:-86.132434
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:491031101001072501
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Acres:1/4-1/2 Acre
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Lot Features:Access, Sidewalks, Mature Trees
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Lot Size Acres:0.25
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Lot Size SqFt:10,890 Sqft
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Price Per Acre:976000
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View:false
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Waterfront:false
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Horse Amenities:None
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Fence:No
Listing Agent
- Contact info:
- Agent phone:
- (317) 902-6453
- Office phone:
- (317) 886-8440
Taxes
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Tax Lot:409-410
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Tax Year:2024
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Semi Annual Property Tax Amt:1920
Beds
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Beds:4
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Bedrooms:4
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Bedrooms Total:6
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Main Level Bedrooms:2
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# of Bedrooms Upper:2
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# of Bedrooms Basement:2
Baths
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Baths:2
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Full Baths:2
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Full Baths:1
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Full Baths Main:1
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Full Baths Basement:1
The Listing
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Virtual Tour Branded:
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Virtual Tour Unbranded:
Heating & Cooling
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Heating:Forced Air, Natural Gas
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Fuel:No Fuel Source
Utilities
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Utilities:Electricity Connected
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Dishwasher, Disposal, Gas Water Heater, Electric Oven, Refrigerator
Schools
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High School District:Perry Township Schools
The Community
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Subdivision Name:Elders University Heights
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Spa:false
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Pool Private:false
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Association:false
Parking
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Parking Features:Alley Access, Converted Garage, Detached, Gravel, Heated, Rear/Side Entry
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Garage:true
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Garage Spaces:2
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Garage & Parking:Finished Garage,Guest Street Parking,Service Door
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Garage SqFt:440
Monthly cost estimate
Asking price
$244,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,306
|
| Taxes | $320 |
| Insurance | $67 |
| Utilities | $203 See report |
| Total | $1,896/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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5/21/25
May 21, 2025
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Listed / Active | MIBOR | $244,000 | 170.2% (6.9% / YR) |
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9/19/00
Sep 19, 2000
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MIBOR | $90,300 |
