Rare development opportunity in the city by Children's Museum! Located at 3310 N Illinois St in Indianapolis, this 40x132 ft lot is zoned HD (Hospital District), offering incredible flexibility for builders, developers, or investors. Whether you're envisioning a custom single-family home, a modern duplex, or a multi-unit fourplex, this property is ready for your vision. Even more exciting - the adjoining lot is also for sale, creating the potential to build two fourplexes, duplexes, or a mix of residential units, maximizing density and long-term returns. This is a golden opportunity in a revitalizing urban corridor, just minutes from downtown Indy, Ivy Tech, MLK Park, and public transportation. The area is seeing new construction, thoughtful renovations, and major investment - making it an ideal location to plant roots or grow your portfolio. The lot sits within a vibrant community blending historic charm with new development, perfect for attracting tenants or homeowners looking for character and convenience. Municipal utilities are nearby, and with no existing structures, it's a clean slate for your project. Whether you're a seasoned developer or someone looking to make a smart entry into the real estate market, this lot - especially paired with the neighboring parcel - opens the door to creative design, income potential, and long-term growth. Opportunities like this don't come often - build big in a neighborhood on the rise!