Reinvented Senior Living

WELCOME TO

Illinois Street Senior

Originally built in the 1920s as a dry-cleaning facility, Illinois Street Senior is now proudly listed on the National Register of Historic Places. In 2016, the historic structure was thoughtfully converted — and expanded — to create 63 affordable senior apartment homes in the heart of downtown Indianapolis.


Here, comfort and convenience come together. Choose from spacious studio, one-, and two-bedroom floor plans, each featuring modern amenities like energy-efficient black appliances, in-home washer and dryer hookups, wood-style plank flooring, and contemporary fixtures.

Located in an extremely accessible neighborhood, Illinois Street Senior puts you steps away from dining, shopping, entertainment, and all the best of downtown living. Discover the perfect blend of historic charm and modern living — right here at Illinois Street Senior Apartments!

Love where you live.

Apartments Designed for You

Our beautifully designed apartments feature open-concept layouts and modern conveniences perfected for everyday living. Whether you choose a studio, one-, or two-bedroom home we have something for you.

1BR-1A

1 Bed | 1 Bath | 684 sqft

1BR-2

1 Bed | 1 Bath | 694 sqft

1BR-3

1 Bed | 1 Bath | 645 sqft

1BR-4.1A

1 Bed | 1 Bath | 698 sqft

1BR-4.1

1 Bed | 1 Bath | 665 sqft

1BR-4.2

1 Bed | 1 Bath | 725 sqft

1BR-4.3

1 Bed | 1 Bath | 726 sqft

1BR-5

1 Bed | 1 Bath | 711 sqft

1BR-6.1

1 Bed | 1 Bath | 751 sqft

1BR-6.2

1 Bed | 1 Bath | 712 sqft

1BR-7

1 Bed | 1 Bath | 640 sqft

1BR-8

1 Bed | 1 Bath | 659 sqft

2BR-1

2 Bed | 1 Bath | 922 sqft

2BR-2

2 Bed | 1 Bath | 898 sqft

2BR-2.1

2 Bed | 1 Bath | 894 sqft

2BR-3

2 Bed | 1 Bath | 910 sqft

2BR-4

2 Bed | 1 Bath | 884 sqft

2BR-2A

2 Bed | 1 Bath | 930 sqft

2BR-2.1A

2 Bed | 1 Bath | 873 sqft

Studio-1

Studio | 1 Bath | 395 sqft

Studio-2

Studio | 1 Bath | 529 sqft

Studio-3

Studio | 1 Bath | 361 sqft

Studio-4

Studio | 1 Bath | 446 sqft

Studio-5

Studio | 1 Bath | 460 sqft

1BR-1

1 Bed | 1 Bath | 684 sqft

Income Limits

At Illinois Street Senior, all of our apartment homes participate in the Low-Income Housing Tax Credit (LIHTC) program. As a 55+ community, we provide high-quality, affordable living exclusively for seniors who meet specific income and eligibility requirements. Explore the details below — and if you have any questions, our friendly team is always happy to assist!

  • Because of program requirements, households made up entirely of full-time students must meet one of the following exceptions to qualify:

    • At least one student is married and files a joint tax return.

    • At least one student is enrolled in a job training program receiving assistance under the Job Training Partnership Act or a similar federal, state, or local program.

    • At least one student was formerly in foster care.

    • At least one student receives Temporary Assistance for Needy Families (TANF) benefits.

    • The household consists of a single parent and their children, and neither the parent nor the children are claimed as dependents by another individual.

  • To qualify for a LIHTC home at Illinois Street Senior, your household’s gross (pre-tax) annual income must be within the limits listed below. The income limits provided reflect the highest set-aside offered at our community and may not represent every home available. Some homes may have lower income limits based on their specific program designation. If you have questions about your eligibility, please reach out — we’re here to help!

    • 1 Person per Household - $46,500

    • 2 People per Household - $53,160

    • 3 People per Household - $59,820

    • 4 People per Household - $66,420

    • 5 People per Household - $71,760

    • 6 People per Household - $77,100

    • 7 People per Household - $82,380

    • 8 People per Household - $87,720

    *Amounts updated as of 05.1.2025, contact the Leasing Office for most up to date information.

  • The LIHTC program was designed to make quality housing more affordable. It allows communities like Illinois Street Senior to offer homes at reduced rental rates to households that meet specific income and eligibility guidelines.


    How do I know if I qualify for a LIHTC home?
    Eligibility is primarily based on your household’s gross (pre-tax) annual income and full-time student status. Review the Students and Income Limits sections above for more details. Our leasing team is available to answer any questions you have!


    Are all homes at Illinois Street Senior part of the LIHTC program?
    Yes, every home at Illinois Street Senior is income-restricted through the LIHTC program. All residents must meet the program’s income and eligibility requirements to qualify.


    What if my income is over the limit?
    Because all homes at Illinois Street Senior are income-restricted, households exceeding the income limits would not qualify. If that’s the case, we’re happy to recommend other housing options in the area.


    Do I have to be a first-time renter to qualify?
    No, first-time renter status is not required. Eligibility is determined by your income and student status — not your rental history.


    What happens if my income changes after I move in?
    If your household income increases after you move in, you are typically allowed to stay. However, certain program rules may apply if your income rises significantly. Our team will guide you through any next steps if needed.


    Can full-time students live in a LIHTC home?
    Yes, but only under certain exceptions. If everyone in your household is a full-time student, you must meet one of the specific exceptions listed in the Students section to qualify.


    What documents will I need to provide?
    Applicants will need to provide documents verifying household income, student status (if applicable), and other basic application materials. Our team will share a checklist with you to make the process smooth and straightforward.