Investment opportunity in the heart of the Butler Campus. This is a double lot ready for someone to build on. Students currently pay $600+ per bedrm. Likely the best use here would be to build a double with 3-4 rooms on each side. This is a cash cow for a parent of a Butler student or simply a savvy investor. At the moment there's a 3 bed 2 bath home sitting on one of the lots that's in very rough condition to say the least. Enter home at your own risk as there holes in some flooring.
Single-familyProperty Type
1925Year Built
65 sq ftLot Size
$279Est. Price/Sq.Ft.
1 car garageParking
Listed by James Canull• Indy Home Shop LLC
Contact: jjcanull@gmail.com
Bought with Clay Bowden• Encore Sotheby's International
PLEASE READ THIS DESCRIPTION BEFORE SHOWING! There are holes in the floor in one bathroom and the kitchen. The furnace does not work and there may be a raccoon in the house. Owner was removed for her own safety. No homeowners insurance. The lot is a big plus. 1 1/2 lots included. American Hoarders could have been filmed here. Owner may remove the accumulation but the buyer should anticipate that the property will be full of "stuff" - maybe treasures when they get possession.
Year
Property tax
Land + Additions
Assessment*
2025
$10,260 (+2.0%)
$55,100 + $377,500
$432,600
2024
$10,061 (+11.1%)
$55,100 + $365,100
$420,200
2023
$9,054 (+2.1%)
$55,100 + $365,100
$420,200
2022
$8,865 (+12.7%)
$55,100 + $322,200
$377,300
2021
$7,867 (−2.5%)
$48,900 + $287,400
$336,300
2020
$8,068 (−2.8%)
$48,900 + $287,400
$336,300
2019
$8,304 (+10.1%)
$48,900 + $294,800
$343,700
2018
$7,539 (+136.4%)
$48,900 + $298,300
$347,200
2017
$3,190 (+159.1%)
$48,900 + $97,700
$146,600
2016
$1,231 (−7.2%)
$48,900 + $97,700
$146,600
2015
$1,326 (+3.1%)
$48,900 + $92,000
$140,900
2014
$1,286 (+3.0%)
$32,300 + $91,000
$123,300
2013
$1,249
$32,300 + $89,100
$121,400
Tax history for 4634 Rookwood Ave
Year
Property tax
Land + Additions
Assessment*
2025
$10,260 (+2.0%)
$55,100 + $377,500
$432,600
2024
$10,061 (+11.1%)
$55,100 + $365,100
$420,200
2023
$9,054 (+2.1%)
$55,100 + $365,100
$420,200
2022
$8,865 (+12.7%)
$55,100 + $322,200
$377,300
2021
$7,867 (−2.5%)
$48,900 + $287,400
$336,300
2020
$8,068 (−2.8%)
$48,900 + $287,400
$336,300
2019
$8,304 (+10.1%)
$48,900 + $294,800
$343,700
2018
$7,539 (+136.4%)
$48,900 + $298,300
$347,200
2017
$3,190 (+159.1%)
$48,900 + $97,700
$146,600
2016
$1,231 (−7.2%)
$48,900 + $97,700
$146,600
2015
$1,326 (+3.1%)
$48,900 + $92,000
$140,900
2014
$1,286 (+3.0%)
$32,300 + $91,000
$123,300
2013
$1,249
$32,300 + $89,100
$121,400
*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
6
Baths
3.5
Stories
1
Lot width
65 ft.
Lot depth
135 ft.
Lot size
8,777 Sq. Ft.
Year renovated
2000
Sq. Ft.
2,866
Year built
1925
Style
Single Family Residential
County
Marion County
APN
490611134017000801
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
D5
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
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
Jun 20, 2018 • Final
Structural - one or two family
Remodel
May 9, 2018 • Final
Structural - one or two family
Addition
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
Parking
Parking Information
Parking Total: 1
Parking Features: Detached, Rear/Side Entry
Garage Spaces: 1
Has Garage
Interior
Interior Sq. Ft. Information
Building Area Total: 1598
Living Area: 1190
Main Level Sq. Ft.: 1190
Upper Level Sq. Ft.: 0
Lower/Basement Level Sq. Ft (Finished): 0
Bedroom Information
Primary Bedroom Description: See Remarks
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3
Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 2
Full Baths MU: 3
Full Bathrooms MU: 2
Room 1 Information
Room Features: Other
Room Dimensions: 11x10
Room Level: Main
Room 2 Information
Room Type: Kitchen
Room Features: Other
Room Dimensions: 10x10
Room Level: Main
Room 3 Information
Room Type: Dining Room
Room Features: Other
Room Dimensions: 11x10
Room Level: Main
Room 4 Information
Room Type: Bedroom 2
Room Features: Other
Room Dimensions: 11x10
Room Level: Main
Room 5 Information
Room Type: Bedroom 3
Room Features: Other
Room Dimensions: 10x10
Room Level: Main
Room 6 Information
Room Type: Great Room
Room Features: Other
Room Dimensions: 22x13
Room Level: Main
Other Rooms Information
# of Rooms: 8
Basement Information
Has Basement
Basement Features: Cellar, Partial
Fireplace Information
# of Fireplaces: 1
Fireplace Features: Great Room
Heating & Cooling
Heating Information: No Heating
Cooling Information: None
Interior Features
Interior Features: Vaulted Ceiling(s)
Appliances: Electric Oven, Refrigerator
Exterior
Building Information
Percent Optional Level Finished: 0-25%
Property Information
Ownership Interest Types: None
Other Equipment: Not Applicable
Property Type: Residential
Has Additional Parcels
Property Sub Type: Single Family Residence
Land Information
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.2
Lot Features: Sidewalks, Mature Trees
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Municipal/City
Solid Waste Information: No
Fuel Information: No Fuel Source
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: West on 46th St. to Rookwood N. to home on left (west) side of street. (On Butler campus, 1/2 block from Hinkle Field House)
Tax Legal Description: Fairview Heights L21 & 21.5 S. Side L20
Public facts
Beds: 6
Baths: 3.5
Sq. Ft.: 2,866
Stories: 1.0
Lot Size: 8,777 square feet
Style: Single Family Residential
Year Built: 1925
Year Renovated: 2000
County: Marion County
APN: 490611134017000801
Home facts updated by county records on Oct 19, 2026
Other
Listing Information
Attribution Contact: jjcanull@gmail.com
Green Information
Green Certification YN: No
Home Information
Foundation Details: Other
Construction Materials: Aluminum Siding
Levels: One
Around this home
Schools
K - 12
Preschool & daycare
James Whitcomb Riley School 43
Public PreK-5 • Assigned • 0.9mi
4/10
Shortridge High School
Public 9-12 • Assigned • 1.7mi
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, 18 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 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$423,000 – $513,000
Reach more buyers when you sell with Redfin. Save up to $4,453 in fees.3 minutes to get started.