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Sold
  • $50,000

    3947 Rookwood Ave, Indianapolis, IN 46208

    --beds
    --baths
    5,662.8Square Feet
    Unimproved Land, Residential Lots
    Built in ----
    5,662.8 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $1,259 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,259/mo

    Zestimate® history
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    $1,259/mo

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    $251/mo

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    $251/mo

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    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: September 02, 2025 at 06:35am

    Listing Provided by:

    Hayley Wild 317-405-7915,

    Compass Indiana, LLC

    Bought with:

    Sean Carney

    F.C. Tucker Company

    Source: MIBOR as distributed by MLS GRID,MLS#: 22048567MLS Logo

    Facts & features

    Property

    Lot
    • Size: 5,662 sqft
    • Features: City
    Details
    • Parcel number: 490614106011000801
    • Zoning: Residential
    • Zoning description: Single Family
    • Horse amenities: None

    Utilities & green energy

    • Water: Not Applic

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: No Subdivision

    Price history

    DateEventPrice
    9/1/2025Sold$50,000
    Source: MIBOR as distributed by MLS GRID #22048567 Report a problem
    7/4/2025Listed for sale$50,000+42.9%
    Source: MIBOR as distributed by MLS GRID #22048567 Report a problem
    10/4/2023Listing removed--
    Source: MIBOR as distributed by MLS GRID #21932401 Report a problem
    7/15/2023Listed for sale$35,000
    Source: MIBOR as distributed by MLS GRID #21932401 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$524 +382.7%$22,100
    2023$109 +2.4%$22,100 +380.4%
    2022$106 -0.4%$4,600

    Find assessor info on the county website

    Neighborhood: Butler-Tarkington

    Nearby schools

    GreatSchools rating