2623 E Michigan Street
Indianapolis, IN 46201
- – beds
- – baths
- – sqft
- 5,314 sqft lot
- 1900 build
Attention all investors! Located in one of Indy's most up-and-coming corridors, 2623 East Michigan Street is surrounded by revitalization, new development, and long-term growth potential. This quadplex, featuring four 1 bed / 1 bath units, sits in a prime location that makes it a standout opportunity for strategic investors. The property is zoned for multifamily use, with special zoning that allows you the potential to add a fifth unit-unlocking even more value. A detached garage out back adds convenience and potential for additional income or parking flexibility. Whether you're new to the game or a seasoned investor, this is the perfect chance to execute the BRRRR strategy-Buy, Rehab, Rent, Refinance, Repeat. With cosmetic updates still needed, this is your opportunity to force appreciation and turn this into a strong, cash-flowing asset. Don't miss out on a quadplex with this much upside in one of Indy's hottest redevelopment zones.
Last checked:
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Last updated May 13, 2025
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MLS# 22038426 —
The Building
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Year Built:1900
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New Construction:false
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Levels:Two
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Green Certification:No
Location
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Directions:GPS Friendly
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Latitude:39.774609
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Longitude:-86.124596
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Fourplex
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Parcel Number:491006135107000101
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Acres:<1/4 Acre
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Lot Size Acres:0.12
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Lot Size SqFt:5,314 Sqft
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Price Per Acre:2075000
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Property Condition:Fixer
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Additional Parcels:false
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View:false
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Waterfront:false
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Fence:No
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Current Use:Multi-Family, See Remarks
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Road Access:Access Rd,See Remarks
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Road Frontage Type:City Street
Listing Agent
- Contact info:
- Agent phone:
- (574) 780-1143
- Office phone:
- (888) 611-3912
Taxes
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Tax Lot:8
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Tax Year:2024
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Semi Annual Property Tax Amt:463
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Saint Clairs
Parking
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Parking:Parking Garage
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Parking Features:Alley Access, Detached
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Garage Spaces:3
Extra Units
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# of Units Total:4
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/13/25
May 13, 2025
|
Listed / Active | MIBOR | $249,000 |
