Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results
Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

Back to Results
$225,000 -

1523 E Mills Avenue Indianapolis IN 46227

6
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!

Follow ►
  • Subscribe to Our Blog RSS
Read More...

Property Details

Price: $225,000 Previously: $225,000 Originally: $244,000 Bedrooms: 6 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

Similar Properties To: 1523 E Mills Avenue, Indianapolis

$181,900
3 br, 1 ba, 1,084 ft²
Elders University Heights
MLS® #:
22049210
Provider:
Berkshire Hathaway Home
4107 Weaver Avenue, Indianapolis
$270,000
3 br, 2 ba, 2,263 ft²
Elders University Heights
MLS® #:
22044843
Provider:
Jeff Paxson Team
1532 E Markwood Avenue, Indianapolis
$239,000
3 br, 2½ ba, 1,672 ft²
Briarbrook Village
MLS® #:
22058133
Provider:
Gowdy Group Realty Llc
3683 Coneflower Way, Indianapolis
$240,000
3 br, 2 ba, 1,206 ft²
Cobblestone At Geist
MLS® #:
22048517
Provider:
Exp Realty, Llc
7313 Shanna Circle, Indianapolis
$220,000
4 br, 1½ ba, 2,587 ft²
Trinity Estates
MLS® #:
22058116
Provider:
Ever Real Estate, Llc
1140 N Gibson Avenue, Indianapolis
$185,000
2 br, 1 ba, 1,581 ft²
No Subdivision
MLS® #:
22045653
Provider:
F.c. Tucker Company
1728 N Somerset Avenue, Indianapolis
$200,000
3 br, 1 ba, 1,666 ft²
Whitcomb Place
MLS® #:
22058691
Provider:
F.c. Tucker Company
2612 Brookway Street, Indianapolis
$174,900
2 br, 1 ba, 1,042 ft²
Hubbard Etal Southeast Add
MLS® #:
22058104
Provider:
Fs Houses Llc
1401 Linden Street, Indianapolis

View all similar properties here

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 September 9th, 2025 at 9:51am EDT.

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends
Interested In This Property?