Investor Special! This gutted 2-bed, 1-bath home offers a blank canvas ready for your vision. Located in a rapidly developing area near downtown Indianapolis, this property is stripped to the studs and ready for a full renovation-ideal for experienced investors, flippers, or anyone looking to design from the ground up. With 1,025 sq ft of space, a solid layout, and nearby comps showing strong ARV potential, this is your opportunity to bring this house back to life. Property is not livable in current condition. Improvement location and structual permits for addition have been approved. Sold as-is. Bring your contractor and imagination!
Active
$80,000
2437 Ethel Ave, Indianapolis, IN 46208
2beds
1,649sqft
Est.:
Residential, Single Family Residence
Built in 1930
5,227.2 Square Feet Lot
$-- Zestimate®
$49/sqft
$-- HOA
What's special
Blank canvasStripped to the studsSolid layout
- 12 days
- on Zillow |
- 287 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 10:49am
Listing Provided by:
Nichole Owens 317-643-0069,
Nichole Owens
Source: MIBOR as distributed by MLS GRID,MLS#: 22052392

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11X10
Bonus room
- Level: Main
- Area: 66 Square Feet
- Dimensions: 11X06
Kitchen
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Living room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13X12
Heating
- None, Other
Cooling
- Other
Appliances
- Included: None
Features
- Attic Access, Eat-in Kitchen
- Basement: Unfinished
- Attic: Access Only
Interior area
- Total structure area: 1,649
- Total interior livable area: 1,649 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Glass Enclosed
Lot
- Size: 5,227.2 Square Feet
Details
- Parcel number: 490626143083000101
- Special conditions: As Is,Fixer Upper
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding, Stone, Wood Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Water: Other
Community & HOA
Community
- Subdivision: Graceland Park
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $49/sqft
- Tax assessed value: $56,600
- Annual tax amount: $1,136
- Date on market: 7/23/2025
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