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$220,000 -

1523 E Mills Avenue Indianapolis IN 46227

4
Bedrooms
2
Baths
N/A
SQ. Feet
(Above Ground)
0.25
Acres

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!

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Property Details

Price: $220,000 Previously: $220,000 Originally: $244,000 Bedrooms: 4 Bathrooms: 2.00 MLS #: 22039311 Year Built: 1928 Township: Perry Sq. Ft Total: 2,980 Type: Residential Zip Code: 46227 City: Indianapolis Subdivision: Elders University Heights County: Marion School District: Perry Township Schools

Interior Features

Interior Features:
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Electric Oven, Refrigerator
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • Setting / Lot Description: Access, Sidewalks, Mature Trees
  • Porch: Glass Enclosed
  • # Acres: 0.25

Listing Office: Mark Dietel Realty, Llc

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on October 26th, 2025 at 5:40am EDT.

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