4108 Graceland AVE Indianapolis, IN 46208 New

UPDATED: 10/03/2026 10:05 PM ON MARKET: 4 days on market

$224,990

3 Beds3 Baths2,366 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,366 sqft

Price per Sqft $95

Subdivision Ketchams North Place

MLS Listing ID 22128493

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1926

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Single Family Residence

Location

State IN

County Marion

Rooms

Basement Finished Walls

Main Level Bedrooms 2

Interior

Heating Forced Air,Natural Gas

Cooling Central Air

Equipment Smoke Alarm

Fireplace Y

Appliance Disposal,Gas Water Heater,Microwave,Gas Oven,Refrigerator

Exterior

Garage Spaces 1.0

Water Access Desc Public

Building

Story One and One Half

Foundation Block

Water Public

Architectural Style Bungalow,Traditional

Structure Type Aluminum Siding,Brick,Wood Siding

New Construction false

Schools

School District Indianapolis Public Schools

Property Description

Investment Opportunity with 1920s Character! This 3-bedroom, 2.5-bath home offers a great opportunity for investors, renovators, or buyers looking to bring new life to a home filled with vintage charm. Step inside to a welcoming front mudroom, then into a traditional layout where the living room, sitting room, and dining room are thoughtfully separated by beautiful arched doorways - a classic architectural detail that gives the home its distinct 1920s character. Two bedrooms are conveniently located on the main level, while the spacious upstairs bedroom offers additional flexible space that could easily function as a home office, sitting area, or creative space. The basement provides even more potential, featuring a built-in bar and ample room that could be finished to create additional living, recreation, or entertaining space. Outside, enjoy a fully fenced backyard with a concrete patio, detached one-car garage, carport, and storage shed. With a desirable combination of character, flexible living space, and opportunities for improvement, this property offers plenty of potential for an investor looking to renovate and rent, flip, or create a personalized home in Indianapolis. Home is being sold AS-IS.

Digital Millennium Copyright Act – DMCA Notice Based on information submitted to the MLS GRID as of 10/05/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.