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3947 Rookwood Avenue, Indianapolis, IN 46208

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For Sale

$50,000

0.13 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.1 acres
    Lot size

Explore this Property

Incredible investment opportunity in the heart of Butler-Tarkington! This vacant residential lot at 3947 Rookwood Avenue offers endless potential for new construction just minutes from Butler University, Canal Towpath trails, Holcomb Gardens, and Newfields. Located on a quiet, tree-lined street surrounded by charming historic homes and ongoing redevelopment, this lot provides a rare chance to build in one of Indianapolis's most desirable urban neighborhoods. The lot is being sold separately for $50,000, or as a package deal with the corner lot on 425 W 40th Street & the home on 3949 Rookwood Avenue. Whether you're a developer, investor, or future homeowner, this is your chance to customize a home in a rapidly appreciating area with strong community pride and proximity to dining, parks, and schools. Don't miss this chance to be part of the growth in Butler-Tarkington!
MLS# 22048567

Courtesy Of Compass Indiana, LLC

(317) 563-5051

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.13 Acres

Map and Directions

Directions to 3947 Rookwood Avenue, Indianapolis, IN 46208

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 595-0021
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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