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2940 N Chester Avenue

Indianapolis, IN 46218

ActiveListed Aug 25, 2026 · 15 days on market

Key facts

Lot
0.17 acres
Type
Land · Residential Lots
MLS #
22122433
County
Marion
Subdivision
Brightwood

About this home

Prime residential development opportunity for builders and investors! This residentially zoned vacant lot offers the potential to build a duplex and already has access to water, sewer, gas, and electricity, helping position the property for future development. Ideal for an investor looking to build and hold, develop for rental income, or explore a larger multi-family project. Seller intends to convey the property by Quitclaim Deed. Buyer is encouraged to perform all desired due diligence regarding title and title insurability before closing. Buyer to independently verify zoning, utilities, permitted density, lot dimensions, ability to combine parcels, and intended use with the appropriate governmental authorities.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Water
Public
Sewer
Public Sewer

Lot and HOA

Zoning
F-9

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$882 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$138per month, estimated
Principal and interest $60Property tax $74Insurance $4
20% · $2,400
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$12,000
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