3114 N Capitol Avenue, Indianapolis, IN 46208

• 4 beds |
• 4 baths |
• 2,724 sqft

Property Description

Crafted by Mad River Homes, one of Indianapolis' respected renovation and building specialists, this north-side Downtown property blends quality, flexibility, and investment potential in a highly desirable location. Just minutes from Butler University, Broad Ripple, Mass Ave, the Indianapolis Children's Museum, Eskenazi Hospital, Methodist Hospital, and IU Indianapolis, it offers immediate access to major educational, medical, and cultural anchors. Designed for versatility, the home features a layout that allows the upstairs and downstairs to be fully separated, creating the opportunity for an ADU or in-law suite in the basement. This configuration is ideal for a house-hack strategy, multi-generational living, or generating income from two distinct spaces. As an Airbnb, the upper unit could produce up to $3,500 per month and the lower unit up to $2,000. As a long-term rental, projected rents are approximately $2,000 upstairs and $1,000 downstairs. Mad River Homes also offers customization options tailored to your needs, including adding a garage, building a porch, or installing a full kitchen in the basement to create two independent units. Perfect for entertaining, income generation, or providing separate living quarters, this property also qualifies for grant programs offering 0% down, no PMI, and a $5,000 credit toward closing costs.

Listing Status:

Active

Listing Office:

FULL CANOPY REAL ESTATE, LLC : 317-442-5514

Listing Agent:

Alexander Moore : 317-442-5514

MLS ID:

22075964

Interior

• General: Breakfast BarKitchen IslandEntrance FoyerIn-Law ArrangementEat-in KitchenWalk-In Closet(s)
• Appliances: Electric CooktopDishwasherElectric Water HeaterMicrowaveRefrigerator
• Basement: Egress Window(s)Exterior EntryFinished WallsRoughed In
• A/C: Central Air
• Heating: Natural Gas
• Fireplace: Family RoomFireplaces: 1

Exterior

• Style: Craftsman

Construction

• General: Three Or MoreBlock

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Topps Garden Place Add L45490623143049000101

Utilities

• Water: Public

Financial

• Source: mibor

This listing courtesy of Alexander Moore, FULL CANOPY REAL ESTATE, LLC