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Off market since May 31, 2026. Photos, details, and location data are preserved for neighborhood research and comparable analysis.

Last listed

$109,990.00

Off-Market

2040 Roosevelt Ave

Indianapolis, IN 46218, USA

List price

$109,990

Single family house

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2040 Roosevelt Ave, Indianapolis, IN 46218
WALKTHROUGH THURSDAY, 5/29/2025
MUST TEXT 317-751-2308 FOR ACCESS AND TIME

PRICE DROP!!
$ 109,990 CASH (OR BEST OFFER)

AFTER REPAIR VALUE $ 250,000
ARV is ONLY based on the existing house. Renovated comps are smaller and Sold multiple years ago. Current After Repair Value would be around $250k. New Construction homes are retailing $300-600k+. Two buildable lots. Third buildable lot with garage/dwelling unit can be renovated or converted to a garage and a New Construction home added.

RENTAL ESTIMATE $ 1,700
Rent-O-Meter Rate for 3 bedroom house in that neighborhood

PROPERTY DETAILS
  • Single Family
  • PACKAGE CONSISTING OF 1 HOUSE, POTENTIAL DWELLING UNIT AND 2 LOTS. The house at 2040 Roosevelt is on a double lot that was combined for tax purposes but can be divided back into separate lots. There is a garage that was converted in a dwelling unit at 2038. Can be restored or converted back to a standard garage and build a new house. The other lot is vacant.
  • ALL VEHICLES WILL BE REMOVED BY CLOSE
  • 3 Beds
  • 2 Baths
  • 2,034 Sqft
  • Garage/dwelling unit on the 2038 lot
  • Potential to renovate one home and build 3 New Construction Homes on the land.
  • For-Profit New Construction Home Sale Prices in the area range from $300-600k+
  • Hillside's rejuvenating neighborhood. Close to Bottleworks. Corner lot.
  • John Ed Park Re-Development In the Property's Backyard Will Boast An Updated Basketball Court and a Playground/Water Park
  • Current Occupancy Tenant Occupied
  • Occupancy at Close Vacant at Close
  • Close of Escrow 06/20/25
  • Best Offer Due By 5/30/2025 03:00 PM
  • Non-Refundable Earnest Money Deposit $ 5,000

MARKET ACTIVITY


SUBJECT PROPERTY : 3 Beds / 2 Baths / 2,034 Fin Sqft

EXISTING BUILD COMPARABLES / RECENT ACTIVITY

  • SOLD $230,000 - 1845 Tallman Ave / 2 Bed / 2 Bath / 1,672 Fin Sqft
    • One less bedroom, Less sqft
  • SOLD $220,000 - 1629 Ingram St / 3 Bed / 2 Bath / 2,068 Fin Sqft
    • Sold In 2023 Market Prices Have Increased
  • SOLD $200,000 - 1969 Hillside Ave / 3 Bed / 2 Bath / 1,722 Fin Sqft
    • Less sqft, Sold In 2023 Market Prices Have Increased

    • LINK TO COMPS

    Property details

    2 details the seller has shared

    2 fields

    Property

    · The bones — what the buyer sees first

    Property type

    Single family house

    History & terms

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    Reason for sale

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