OFF MARKET

Off market sep 2025 for $50K

$34,016

Land

•

5,793

sq ft (lot)

3947 Rookwood Ave, Indianapolis, IN 46208

About this home

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!

Vacant landProperty Type

5,793 sq ftLot Size

$6Est. Price/Sq.Ft.

Listed by Hayley Wild • Compass Indiana, LLC

Bought with Sean Carney • F.C. Tucker Company

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #22048567

Redfin Estimate

$34,016

$16K since sold in September 2025$2,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 86.8% lower than the average sale price ($258K) of 6 comparable homes.

SOLD DEC 26, 2018
$160,000
A
2 beds1 bath1,804 sq ft
4236 Rookwood Ave, Indianapolis, IN 46208
SOLD SEP 14, 2026
$343,000
B
4 beds2 baths2,656 sq ft
4050 N Capitol Ave, Indianapolis, IN 46208
SOLD OCT 15, 2026
$270,000
C
3 beds2 baths2,379 sq ft
3934 N Kenwood Ave, Indianapolis, IN 46208
SOLD OCT 16, 2026
$255,000
D
3 beds2 baths2,637 sq ft
3910 N Kenwood Ave, Indianapolis, IN 46208
SOLD AUG 10, 2026
$285,000
E
3 beds2 baths2,280 sq ft
3914 N Capitol Ave, Indianapolis, IN 46208
SOLD OCT 19, 2026
$235,000
F
3 beds2.5 baths1,499 sq ft
3829 Graceland Ave, Indianapolis, IN 46208

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46208, IN

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

95.3%

1.6% MoM

Median sale price

$208K

$7K MoM

Avg. days on market

32d

3 days MoM

Recently sold homes

13 MoM

New listings for sale

NEW 11 HRS AGO
$430,000
3 beds3 baths2,220 sq ft
4062 Rookwood Ave, Indianapolis, IN 46208
$450,000
3 beds4 baths2,500 sq ft
2931 N Capitol Ave, Indianapolis, IN 46208
$369,000
3 beds3 baths2,376 sq ft
3325 N Capitol, Indianapolis, IN 46208
$189,900
2 beds1 bath1,764 sq ft
1057 W 34th St, Indianapolis, IN 46208
OPEN SAT, 12PM TO 2PM
$305,000
3 beds2.5 baths2,290 sq ft
4350 N Illinois St, Indianapolis, IN 46208
OPEN SUN, 2PM TO 4PM
$250,000
2 beds1 bath2,006 sq ft
4124 Graceland Ave, Indianapolis, IN 46208
$84,900
3 beds2 baths2,678 sq ft
1428 W 34th St, Indianapolis, IN 46208
OPEN SAT, 12PM TO 2PM
$475,000
4 beds2.5 baths2,866 sq ft
370 W 52nd St, Indianapolis, IN 46208
$475,000
3 beds2 baths2,608 sq ft
5305 Cornelius Ave, Indianapolis, IN 46208
$270,000
6 beds8 baths4,704 sq ft
3639 N Illinois, Indianapolis, IN 46208
See all

Provided by Redfin

Sale history for 3947 Rookwood Ave

Tax history for 3947 Rookwood Ave

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

40 ft.

Lot depth

145 ft.

Lot size

5,798 Sq. Ft.

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Vacant Land

County

Marion County

APN

490614106011000801

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 19, 2026.

AIRSPACE SECONDARY ZONING DISTRICT

COMPACT

Dwelling District Five

The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.

Zone overlays

Airspace Secondary Zoning District
Compact Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Feb 14, 2026 • Active

Heating & cooling - 1-2 family

Install new heat pump systems with ductwork.

HVAC

Feb 9, 2026 • Active

Electrical - 1-2 family

Install electrical wiring, devices, and fixtures in a new construction building.

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Exterior

Farm Information
Horse Amenities: None

Property Information
Development Status: Not Applicable
Property Type: Land
Other Structures: Not Applicable
Property Sub Type: Residential Lots
Zoning: Residential

Land Information
Topography: Not Applic
Soil Type: Not Applic
Acres: <1/4 Acre
Land Characteristics: City

Lot Information
Facilities On: Not Applicable
Facilities Near: Other
Divisible: Yes
Lot Size Acres: 0.13
Road Surface Type: NotApplic
Road Frontage Type: NotApplic
Present Zoning: Single Family
Road Access: Not Applic

Utilities

Utility Information
Sewer: Not Applicable
Water Information: Not Applic
Solid Waste Information: No

Location

School Information
High School District: Indianapolis Public Schools

Location Information
Directions: GPS Friendly
Tax Legal Description: Fesslers Sub L3 B19

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 5,798 square feet
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Marion County
APN: 490614106011000801

Home facts updated by county records on Oct 19, 2026

Around this home

Schools

K - 12
Preschool & daycare

James Whitcomb Riley School 43

Public PreK-5 • Assigned • 0.3mi

4/10

Cold Spring School

Public K-8 • Assigned • 1.9mi

7/10

Shortridge High School

Public 9-12 • Assigned • 0.9mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 101° expected this year, 19 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46208

Average low and high temperatures (°F)

32°

18°

42°

26°

60°

40°

68°

49°

71°

54°

83°

66°

88°

71°

83°

65°

82°

59°

69°

49°

54°

39°

42°

28°

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.6 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$33,000 – $40,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

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New listings for sale in 46208

NEW 11 HRS AGO

$430,000

3 beds3 baths2,220 sq ft

4062 Rookwood Ave, Indianapolis, IN 46208

Neighborhood parks • Local dining • Brand-new roof

$450,000

3 beds4 baths2,500 sq ft

2931 N Capitol Ave, Indianapolis, IN 46208

5,184 sq ft lot • Built 2024

$369,000

3 beds3 baths2,376 sq ft

3325 N Capitol, Indianapolis, IN 46208

Huge living area • High-end backsplash • Fully tiled shower

$189,900

2 beds1 bath1,764 sq ft

1057 W 34th St, Indianapolis, IN 46208

Hardwood floors • Gas-log fireplace • Formal dining room

OPEN SAT, 12PM TO 2PM

$305,000

3 beds2.5 baths2,290 sq ft

4350 N Illinois St, Indianapolis, IN 46208

Private balcony • Fenced backyard • Corner lot

OPEN SUN, 2PM TO 4PM

$250,000

2 beds1 bath2,006 sq ft

4124 Graceland Ave, Indianapolis, IN 46208

5,184 sq ft lot • 2 garage spots • Built 1922

$84,900

3 beds2 baths2,678 sq ft

1428 W 34th St, Indianapolis, IN 46208

Hvac system • Hardwood floors • Dining room

OPEN SAT, 12PM TO 2PM

$475,000

4 beds2.5 baths2,866 sq ft

370 W 52nd St, Indianapolis, IN 46208

Redesigned kitchen • Finished basement • Private sanctuary

$475,000

3 beds2 baths2,608 sq ft

5305 Cornelius Ave, Indianapolis, IN 46208

Quarter-acre lot • Cathedral ceiling • Skylights

Home values near 3947 Rookwood Ave

Data from public records.

Address	Redfin Estimate
3960 Rookwood Ave, Indianapolis, IN 2 Beds \| 1.5 Baths \| 2177 Sq. Ft.	$214,287
3943 Rookwood Ave, Indianapolis, IN 2 Beds \| 2 Baths \| 2012 Sq. Ft.	$165,131
3949 Rookwood Ave, Indianapolis, IN 4 Beds \| 3.5 Baths \| 5182 Sq. Ft.	—
3964 Rookwood Ave, Indianapolis, IN 1 Beds \| - Baths \| 1248 Sq. Ft.	$207,615
411 West 40th St, Indianapolis, IN 3 Beds \| 1 Baths \| 1176 Sq. Ft.	$141,886
442 West 40th St, Indianapolis, IN 2 Beds \| 1 Baths \| 1390 Sq. Ft.	$138,901
505 West 40th St, Indianapolis, IN 5 Beds \| 4 Baths \| 3744 Sq. Ft.	$192,723

Address	Redfin Estimate
3940 Rookwood Ave, Indianapolis, IN 4 Beds \| - Baths \| 2024 Sq. Ft.	$241,561
3932 Rookwood Ave, Indianapolis, IN - Beds \| - Baths \| 696 Sq. Ft.	$155,072
3926 Rookwood Ave, Indianapolis, IN 3 Beds \| 2.5 Baths \| 3336 Sq. Ft.	$458,172
3925 Rookwood Ave, Indianapolis, IN 4 Beds \| - Baths \| 1872 Sq. Ft.	$205,342
430 West 40th St, Indianapolis, IN 3 Beds \| 1 Baths \| 1776 Sq. Ft.	$151,939
422 West 40th St, Indianapolis, IN 5 Beds \| 3.5 Baths \| 3729 Sq. Ft.	$590,201

Address	Redfin Estimate
3930 Rookwood Ave, Indianapolis, IN 3 Beds \| 3 Baths \| 2900 Sq. Ft.	$334,054
4002 Rookwood Ave, Indianapolis, IN 4 Beds \| 2 Baths \| 2208 Sq. Ft.	$235,328
3937 Rookwood Ave, Indianapolis, IN 2 Beds \| 1 Baths \| 680 Sq. Ft.	$171,743
440 West 40th St, Indianapolis, IN 3 Beds \| 1 Baths \| 1315 Sq. Ft.	$346,998
419 West 40th St, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2870 Sq. Ft.	$322,988
426 West 40th St, Indianapolis, IN 2 Beds \| - Baths \| 1018 Sq. Ft.	$69,328

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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