Indianapolis - Top 5 Renovation Picks (Aug 13, 2025)

2001 W New York St - $59,900

  • Beds/Baths/Sqft: 2 bd / 1 ba / 1,404 sqft
  • Price per SqFt: $43
  • Lot size: 5,184 sqft
  • Year Built / Type: 1900 / Single Family Residential
  • Parking: Detached
  • Status / Last Sale: Listed (Active) / $59,900 Aug 12, 2025
  • Summary: This Near Westside 2-bedroom home is brimming with potential, needing a dedicated owner to restore it to its former glory.
  • Renovation rationale:
    • Low entry price at $59,900 and low price per sqft of $43.
    • Older build from 1900, providing significant renovation upside.
  • Why these metrics matter for renovation:
    • The low price per sqft allows for a larger renovation budget, while the older year built means potential for structural upgrades and modern amenities to increase ARV significantly.
  • Recommended renovation ideas: Update the kitchen and bathroom, enhance curb appeal, and finish the basement for additional living space.
  • View on Redfin

2740 S Lockburn St - $75,000

  • Beds/Baths/Sqft: 2 bd / 1 ba / 1,440 sqft
  • Price per SqFt: $52
  • Lot size: 5,184 sqft
  • Year Built / Type: 1947 / Single Family Residential
  • Parking: Detached
  • Status / Last Sale: Listed (Active) / $75,000 Aug 12, 2025
  • Summary: This 2-bedroom, 1-bath home offers a full unfinished basement, making it a prime candidate for renovation and expansion.
  • Renovation rationale:
    • Low price per sqft of $52 and reasonable absolute price of $75,000.
    • Older build from 1947 with a full basement for potential expansion.
  • Why these metrics matter for renovation:
    • The low entry price and large basement space provide a great opportunity for adding value through renovations, potentially increasing both rental income and resale value.
  • Recommended renovation ideas: Finish the basement, add a second bathroom, and modernize the kitchen and bathroom fixtures.
  • View on Redfin

250 N Tremont St - $94,500

  • Beds/Baths/Sqft: 2 bd / 1 ba / 1,252 sqft
  • Price per SqFt: $75
  • Lot size: 4,008 sqft
  • Year Built / Type: 1910 / Single Family Residential
  • Parking: Detached
  • Status / Last Sale: Listed (Active) / $94,500 Aug 12, 2025
  • Summary: This charming bungalow is a versatile option for both investors and first-time homebuyers looking to make it their own.
  • Renovation rationale:
    • Low entry price and affordable price per sqft of $75.
    • Older construction from 1910 offers significant renovation potential.
  • Why these metrics matter for renovation:
    • The low price per sqft allows for a renovation budget that can yield high returns, while the older build suggests room for modern updates that can attract higher market demand.
  • Recommended renovation ideas: Refresh the interior with modern finishes, update appliances, and enhance outdoor space for curb appeal.
  • View on Redfin

4635 Mesa Dr - $199,999

  • Beds/Baths/Sqft: 3 bd / 1.5 ba / 1,536 sqft
  • Price per SqFt: $130
  • Lot size: 10,890 sqft
  • Year Built / Type: 1968 / Single Family Residential
  • Parking: Attached
  • Status / Last Sale: Listed (Active) / $199,999 Aug 4, 2025
  • Summary: This single-family residence presents a remarkable prospect for investors and handy homeowners, featuring ample living space and a generous lot.
  • Renovation rationale:
    • Low price per sqft of $130 and spacious lot of 10,890 sqft.
    • Older build from 1968 provides opportunities for modern upgrades.
  • Why these metrics matter for renovation:
    • The spacious lot allows for potential expansions or outdoor enhancements, while the low price per sqft keeps renovation costs manageable for a profitable return.
  • Recommended renovation ideas: Update the kitchen, enhance the bathrooms, and consider adding an outdoor deck or patio.
  • View on Redfin

3720 Forest Manor Ave - $199,995

  • Beds/Baths/Sqft: 2 bd / 2.5 ba / 1,914 sqft
  • Price per SqFt: $104
  • Lot size: 7,710 sqft
  • Year Built / Type: 1952 / Single Family Residential
  • Parking:
  • Status / Last Sale: Listed (Active) / $199,995 Aug 13, 2025
  • Summary: This all-brick ranch home offers exceptional potential with a full basement and charming original features waiting for final touches.
  • Renovation rationale:
    • Low price per sqft of $104 and large lot size of 7,710 sqft.
    • Older construction from 1952 that can benefit from modern updates.
  • Why these metrics matter for renovation:
    • The large lot provides opportunities for outdoor enhancements or expansions, while the low price per sqft allows for a substantial renovation budget to improve the home’s overall appeal.
  • Recommended renovation ideas: Finish the basement, update kitchen and bathrooms, and improve landscaping for enhanced curb appeal.
  • View on Redfin

2 Likes

Low price and a very amazing way to renovate

Your advice makes me feel confident about renovations.

Low cost with a nice renovation

The low prices just gives me food vibes