1523 E Mills Ave Indianapolis, IN 46227
Property details
About 1523 E Mills Ave
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!
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Gas Water Heater, Electric Oven, Refrigerator
- Basement: Yes
- Interior: Built In Book Shelves, Hardwood Floors, Hi-Speed Internet Availbl, Supplemental Storage, Windows Wood
- Fireplace: Living Room, Woodburning Fireplce
- Total Bedroom Count: 6
- Architectural Style: Bungalow
- Heating: Forced Air, Natural Gas
- List Price: $244,000
- Price/SqFt: $81
- Annual Tax Amount: $4,314
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1928
- Living Area: 2,980 SqFt
- Lot Size: 0.25 Acres
- MLS Number: 22039311
- MLS Name: MIBOR
- Office Name: Mark Dietel Realty, LLC
- Office Email: evan.cast@markdietel.com
- Listing Agent: Evan Cast
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 6/12/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$244,000
1523 E Mills Ave
$2,898
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $181,900 | $4,314 |
| 2022 | $163,100 | $3,839 |
| 2021 | $143,600 | $3,195 |
| 2020 | $138,400 | $3,157 |
| 2019 | $130,100 | $2,772 |
| 2018 | $112,900 | $2,442 |
| 2017 | $110,900 | $2,196 |
History based on county public records data.
Nearby schools
3
Raymond F. Brandes Elementary School 65
Public District PK-6
0.3 mi
•4065 Asbury St
6
Southport 6th Grade Academy
Public District 6-6
1.7 mi
•5715 S Keystone Ave
3
Clinton Young Elementary School
Public District 1-5
1.7 mi
•5740 McFarland Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,346. The most common annual income of people living in Indianapolis, IN is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Horse Races
Where do the neighbors shop?
Family Dollar
Big Lots
Stein Mart
Where do the neighbors go to eat?
White Castle
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Rock
Adult Standards
Contemporary Inspirational
Frequently asked questions
About 1523 E Mills Ave
The listing price of 1523 E Mills Ave property is $244,000.
The property 1523 E Mills Ave is a house located in Indianapolis, Indiana, 46227.
Active Listing: 1523 E Mills Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1523 E Mills Ave are: Raymond F. Brandes Elementary School 65 (GreatSchools Rating 3/10), Southport 6th Grade Academy (GreatSchools Rating 6/10), Clinton Young Elementary School (GreatSchools Rating 3/10), Emma Donnan Elementary and Middle School (GreatSchools Rating 3/10), Southport Middle School (GreatSchools Rating 5/10), SUPER School at Frederick Douglass School 19 (GreatSchools Rating 2/10), Excel Center - University Heights (GreatSchools Rating 2/10), Rise Learning Center (GreatSchools Rating 2/10), Christel House Dors (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $4,314 (source: MLS/based on county public records data).
The property at 1523 E Mills Ave has 6 bedrooms and 2 bathrooms.
The property 1523 E Mills Ave is 2,980 SqFt (source: MLS/tax record).
The year of construction for 1523 E Mills Ave is 1928.
This home is located at 1523 E Mills Ave in Indianapolis, IN and zip code 46227 in the University Heights neighborhood. This 2,980 square foot home, which was built in 1928, sits on a 0.25 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $244,000.
Indianapolis, IN housing market in May 2025 saw over 300 listings sold above listed price, more than 315 sold at listed price and over 544 sold below. The inventory of homes for sale in Indianapolis, IN between April and May 2025 increased by 3.7%. Listings spent 34 days on the market in May 2025, and had a median list price of $250,180 during the same period.