4237 Evanston Ave

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Baths
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Description

Proposed New Construction Duplex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 per unit, this property generates strong returns and is ideal for owner-occupants, investors, or house hackers looking to capitalize...Proposed New Construction Duplex | Nickel Plate Village Introducing a brand-new Duplex investment opportunity in the highly desirable Fairgrounds neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1250 to 1374 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,900 per unit, this property generates strong returns and is ideal for owner-occupants, investors, or house hackers looking to capitalize on Indianapolis's continued growth. Built by Paradigm Construction & Development, a respected local builder committed to quality, transparency, and community impact. Perfectly located just minutes from the $4 billion IU Health Downtown Hospital (scheduled for completion in December 2027) and backs up to newly paved Nickel Plate Trail, State Fairgournds, close to the Monon Trail, Fall Creek Greenway, Broad Ripple and Midtown dining and retail, this property combines walkability, convenience, and long-term appreciation potential. Estimated completion: Approximately 7 months from closing and first construction draw. Reach out directly for full specifications, construction timeline, and builder options.

Property Details for 4237 Evanston Avenue

Subdivision Name
Montrose
Township
Washington
LISTING UPDATED: 01/14/2026 08:35 PM

Property Details for 4237 Evanston Avenue

StatusActive
MLS #22071857
Days on Market108
Taxes$160 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built2026
Lot Size0.12 AC / 5,227 SF
CountyMarion County

Location

Listing Courtesy of Canull Group LLC
Add your commute

Building Information for 4237 Evanston Avenue

Stories-Residences2Year Built2026Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$2,342 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,315

Property Taxes

$27

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4237 Evanston Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46205
  • Road Access: Frontage Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490718103682007801
  • Semi Annual Property Tax Amt: 160
  • Tax Year: 2024
  • TaxLot: 8064583
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Construction Stage: See Remarks
  • Current Use: See Remarks
  • Lot Size Square Feet: 5200.0
  • Lot Size Acres: 0.12
  • New Construction: True
  • Year Built Numeric: 2026
  • Living Area Source: Builder
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Montrose L421
  • Photos Count: 4
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Utilities
  • Solid Waste: No
Multi Family
Multi-Family Information
  • Total Units: 2
Income & Expenses
  • Expenses: 0
  • Gross Income: $45,600.00
Unit 1
  • Unit Kitchen: 125
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 125
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom
Mobile/Manufactured Home
Mobile/Manufactured Home
  • Builder Name: Paradigm Constr.

Property History for 4237 Evanston Avenue

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Listed (Active)

MIBORMLS #22071857

$475,000—
May 28, 2025

Expired

MIBORMLS #22019346

—
May 28, 2025

Withdrawn

MIBORMLS #22019346

—
Jan 27, 2025

Listed (Active)

MIBORMLS #22019346

$450,000—
Dec 11, 2023

Expired

MIBORMLS #21945519

—
Dec 11, 2023

Withdrawn

MIBORMLS #21945519

—
Sep 26, 2023

Listed (Active)

MIBORMLS #21945519

$959,999—
Sep 18, 2023

Sold (Public Record)

Public Record #1519550439

$75,000—
Sep 18, 2023

Sold

MIBORMLS #21925610

$75,000—
Sep 7, 2023

Pending

MIBORMLS #21925610

—
Jun 30, 2023

Listed (Active)

MIBORMLS #21925610

$100,000—
DateEvent & SourcePrice
11/05/2025

Listed (Active)

MIBORMLS #22071857

$475,000
05/28/2025

Expired

MIBORMLS #22019346

—
05/28/2025

Withdrawn

MIBORMLS #22019346

—
01/27/2025

Listed (Active)

MIBORMLS #22019346

$450,000
12/11/2023

Expired

MIBORMLS #21945519

—
12/11/2023

Withdrawn

MIBORMLS #21945519

—
09/26/2023

Listed (Active)

MIBORMLS #21945519

$959,999
09/18/2023

Sold (Public Record)

Public Record #1519550439

$75,000
09/18/2023

Sold

MIBORMLS #21925610

$75,000
09/07/2023

Pending

MIBORMLS #21925610

—
06/30/2023

Listed (Active)

MIBORMLS #21925610

$100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4237 Evanston Avenue

Taxable ValueLand$13,500Additions-Total$13,500
Tax Record2024$320 ($27 / month)
Home Facts
Beds0Lot Size5,200 SqFtStyleResidentialZoningZO01CountyMARIONAPN49-07-18-103-682.007-801

Schools near 4237 Evanston Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Charter - PK to 6
Charter - PK to 6
Rating
School
Distance
Robert Lee Frost School 106
PublicPK to 6

Charles Warren Fairbanks School 105
PublicPK to 6

Francis Scott Key School 103
CharterPK to 6

Louis B. Russell Jr. School 48
CharterPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

4237 Evanston Avenue is a multi-family home for sale in Indianapolis, IN 46205. This property was listed for sale on November 5, 2025 by Canull Group LLC, it's currently listed at $475,000. It has been on the market for a total of 108 days and was last sold on September 18, 2023. This listing's school district is Indianapolis Public Schools. Nearby schools include Robert Lee Frost School 106, Charles Warren Fairbanks School 105 and Francis Scott Key School 103. 4237 Evanston Avenue is a 0-bed, 0-bath, multi-family home built in 2026.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Canull Group LLC

Based on information submitted to the MLS GRID as of 01/14/2026 08:35 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.