$220,000
1523 E Mills Avenue
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!
GPS Friendly
Built-in Features, Hardwood Floors, Hi-Speed Internet Availbl, Supplemental Storage, Dishwasher, Disposal, Gas Water Heater, Electric Oven, Refrigerator, Glass Enclosed, Electricity Connected, Natural Gas Connected
Map to 1523 E Mills Avenue, Indianapolis, IN 46227
MLS #
22039311
Date Listed
2025-05-21
Status
Active
Property Type
Residential
Property SubType
Single Family Residence
Square Feet
2980 sqft
New Construction
No
Style
Bungalow
Type
Single Family Residence
Basement
Full
Bedrooms
4
Bathrooms
2
Year Taxes Payable
2024
Year Built
1928
Virtual Tour
tourfactory.com »
Days on Market
199
Additional
Design
Bungalow
Cooling
Central Air
Heating
Forced Air, Natural Gas
Garage
Yes
External Features
Construction
Single Family Residence
Exterior
Glass Enclosed
Lot Size
10,890 sq ft
Acreage
0.25 Acres
Sewer
Municipal Sewer Connected
Water
Public
Fence
None
Location
Area
Marion
County
Marion
Subdivision
Elders University Heights
Township
Perry
City
Indianapolis
State
IN
Zip
46227
Schools
School District
Perry Township Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22039311 |
|---|---|
| Date Listed | 2025-05-21 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Single Family Residence |
| Square Feet | 2980 sqft |
| New Construction | No |
| Style | Bungalow |
| Type | Single Family Residence |
| Basement | Full |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Year Taxes Payable | 2024 |
| Year Built | 1928 |
| Virtual Tour | tourfactory.com » |
| Days on Market | 199 |
| Design | Bungalow |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air, Natural Gas |
| Garage | Yes |
| Construction | Single Family Residence |
|---|---|
| Exterior | Glass Enclosed |
| Lot Size | 10,890 sq ft |
| Acreage | 0.25 Acres |
| Sewer | Municipal Sewer Connected |
| Water | Public |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Elders University Heights |
| Township | Perry |
| City | Indianapolis |
| State | IN |
| Zip | 46227 |
| School District | Perry Township Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22039311
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Evan Cast
Mark Dietel Realty, LLC
evan.cast@markdietel.com
Listing updated November 30, 2025 at 8:54 pm
Last checked 8 minutes ago
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