Location, location, location! This highly strategic 9-bedroom, 5-bathroom Indianapolis property offers an unbeatable opportunity for both long-term investors seeking a performing asset and short-term rental operators. Situated in a prime downtown-adjacent hub, you are just moments away from the city's largest hospital, two major colleges, the vibrant downtown core, Gainbridge Fieldhouse, and Lucas Oil Stadium. Guests and tenants alike will love the premium convenience, which includes the rare downtown luxury of a private, gated parking lot. The building features a long list of recent capital improvements for ultimate peace of mind and low-maintenance ownership. Extensive upgrades completed in 2025 include a new parking lot gate and sliding door, fully updated plumbing and waterlines, modernized electrical receptacles, a new dryer fuse, and a secure coded door handle. Comfort and efficiency are also locked in thanks to a brand-new furnace and a newly installed pressure valve shower. Turnkey, versatile, and perfectly positioned in the heart of Indy, this high-yielding property is ready to perform from day one.

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Based on information submitted to MIBOR as of June 4, 2026 8:09 AM EDT . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Property Details of 2202 N Illinois Street

Property Details

Basic Information

Building

Location

Interior Features

Bedrooms

Bathrooms

Basement

Utilities and Appliances

Utilities and Appliances

Community

Area

Other Details

Water

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Realty World Harbert Company