INDIANAPOLIS -- An abandoned apartment building that's become an eyesore and a haven for crime on Indianapolis' northeast side still faces an uncertain future.

Crews were back at the Keystone Towers Apartments on Friday boarding up windows and doors after a report of three recent break-ins, 6News' Jack Rinehart reported.

City officials said there is little they can do about the 15-story complex, except try to keep people out. The company that owned the apartment went bankrupt, but the bank holding company decided against foreclosure on the property.

The city now faces two options: find a buyer or demolish the structure.

"Demolition, though, is $1 million -- $1 million that, as you know with the budget crunch, is pretty much strapped for at this point," said John Bartholomew with the Department of Metropolitan Development.

Two years ago, the Marion County Health Department condemned the building as unfit for human habitation and evicted the residents who still lived there. Besides weekly inspections, health officials said their hands are tied.

"It's not safe for even us to go in there," said Dona Reed Wise with the MCHD. "We just try to keep it boarded."

But neighbors said people are still living in the building, which has become a site for crime and illegal dumping.

"You got homeless people living in there, you got prostitutes, you got drugs, you got all that in there," said a woman who works near the property.

And neighbors said the complex hurts area property values as well.

"They write all kinds of gang lingo and everything on the building. It just makes the neighborhood look bad," a neighbor said.

The building was constructed in 1974 as an office building. It was later converted into apartments called Vantage Point. That complex was bought by Ohio-based Keystone Towers LCC in 2003 and renamed. The company went bankrupt in 2006.