4825 Melrose Avenue
Indianapolis, IN 46241
0.22Acre(Lot)
CALLING ALL INVESTORS! Here is a Great Opportunity for a double lot in Drexel Gardens! This double lot provides ample opportunity for someone looking to build not just one but two possible homes. This lot can be kept as one large corner lot OR split into two if someone so desires! The split would provide two .11/acre lots that are easily buildable and a chance to maximize your return on investment! The corner lot with the garage had a house on it at one time and is connected to city utilities so it's ready to go and has a brand new garage door on it as well. Purchase will come with TWO sets of build plans for you to use if you wish. Why pay for new plans when these are at your disposal!? Located near all the major highways (I65, I69, I70, I74 & I465) this location is PRIME!! It's only 10-1
Property Details
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Map
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Features
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Water Source
WaterSource: Public
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Lot Information
Lot Description: Corner Lot Lot Square Feet: 9584 Lot Acres: 0.22Property Information
Property Type: Land Sub Type: Residential Lots
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Listing Price Information
Original List Price:$97997
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Tax Information
Tax Lot: 491118113223000900 Tax Legal Description: Drexel Gardens No. 2 L493 & L494 Tax Year: 2024 Parcel Number: 491118113223000900 Tax Exemption: None
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Virtual Tour
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Utility Information
Sewer: Public Sewer Water Source: Public -
Location Information
Subdivision: Drexel Gardens City: Indianapolis Direction: GPS Friendly
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2405 S Lockburn Street, Indianapolis, IN, 46241 | $17,000 | -- | -- | -- | 0.12 Acre(Lot) |
| 2821 Collier Street, Indianapolis, IN, 46241 | $21,000 | -- | -- | -- | 0.12 Acre(Lot) |
| 2814 S Rybolt Avenue, Indianapolis, IN, 46241 | $8,999 | -- | -- | -- | 0.12 Acre(Lot) |
| 3051 S Lyons Avenue, Indianapolis, IN, 46241 | $21,000 | -- | -- | -- | 0.12 Acre(Lot) |
| 635 S Rybolt Avenue, Indianapolis, IN, 46241 | $16,900 | -- | -- | -- | 0.19 Acre(Lot) |
| 4817 Melrose Avenue, Indianapolis, IN, 46241 | $30,000 | -- | -- | -- | 0.11 Acre(Lot) |
| 4815 Melrose Avenue, Indianapolis, IN, 46241 | $30,000 | -- | -- | -- | 0.11 Acre(Lot) |
| 1007 S Biltmore Avenue, Indianapolis, IN, 46241 | $75,000 | -- | -- | -- | Acres (Lot)-- |
| 5814 W Washington Street, Indianapolis, IN, 46241 | $399,000 | -- | -- | -- | 0.32 Acre(Lot) |
| 6348 Johnwes Road, Indianapolis, IN, 46241 | $22,500 | -- | -- | -- | 0.17 Acre(Lot) |
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ByOwner last updated this listing 06/16/2026 @ 06:20
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