2202 N Illinois Street

Indianapolis, IN 46208

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.

Listing courtesy of Redfin Corporation (463) 222-1049



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. 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 is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-06-03 05:27 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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