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!
Active
$244,000
1523 E Mills Ave, Indianapolis, IN 46227
6beds
2,980sqft
Est.:
Residential, Single Family Residence
Built in 1928
0.25 Acres Lot
$233,100 Zestimate®
$82/sqft
$-- HOA
What's special
Finished full-sized basementGlass-enclosed front porchOriginal hardwood floors
- 74 days
- on Zillow |
- 958 |
- 67 |
Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 04:08pm
Listing Provided by:
Evan Cast 317-902-6453,
Mark Dietel Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22039311

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 2
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 3
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 11x10
Bedroom 4
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 5
- Features: Other
- Level: Basement
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 6
- Features: Other
- Level: Basement
- Area: 150 Square Feet
- Dimensions: 15x10
Bonus room
- Features: Other
- Level: Basement
- Area: 216 Square Feet
- Dimensions: 18x12
Dining room
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15x13
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 126 Square Feet
- Dimensions: 9x14
Living room
- Level: Main
- Area: 325 Square Feet
- Dimensions: 25x13
Sun room
- Level: Main
- Area: 152 Square Feet
- Dimensions: 19x8
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Water Heater, Electric Oven, Refrigerator
- Laundry: Connections All, In Basement
Features
- Built-in Features, Hardwood Floors, High Speed Internet, Supplemental Storage
- Flooring: Hardwood
- Basement: Full
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 2,980
- Total interior livable area: 2,980 sqft
- Finished area below ground: 894
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Converted Garage, Detached, Gravel, Heated Garage, Garage Faces Rear
- Garage spaces: 2
- Details: Garage Parking Other(Finished Garage, Guest Street Parking, Service Door)
Accessibility
- Accessibility features: Accessible Approach with Ramp, Accessible Entrance
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Glass Enclosed
Lot
- Size: 0.25 Acres
- Features: Access, Sidewalks, Mature Trees
Details
- Parcel number: 491031101001072501
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Elders University Heights
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $205,400
- Annual tax amount: $3,840
- Date on market: 5/21/2025
- Electric utility on property: Yes
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