1159 Churchman Avenue, Indianapolis

Listen closely and you can hear opportunity whispering through the grand old trees of this prime .61AC Fountain Square lot. Sitting right in the center is a historic, 19th-century Victorian mansion that was long ago converted into a 4-unit apartment building. Investors and developers, you have two incredible paths here. For the preservationists, restoring this grand quadplex would be a true labor of love with a solid ROI. Currently, the first-floor units are rough but habitable, while the upstairs has been gutted to the studs and stands completely unfinished. We are told it was once two 1BR apartments. The MASSIVE attic might even make 1 or 2 additional units possible??? Brought back to its full potential, a premier multi-unit property in this surging location would be absolute perfection. For the builders, the highest and best use is likely utilizing the generous D5 zoning to split this massive footprint into 5 separate single-family lots-3 fronting Churchman Ave and 2 fronting St Paul St. Utilities are already on-site, and the Planning Department has openly encouraged a replat here! Bring your vision, your crew, and your pocketbook, because this diamond in the rough is being sold strictly AS-IS. (Note: Room counts and unit layouts are a best guess as the interior is currently completely undefined). A SIGNED HAZARDOUS CONDITION ACKNOWLEDGEMENT & WAIVER OF LIABILITY IS REQUIRED PRIOR FOR ANY PROPERTY ACCESS.