| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 3 | Tony Bettenhausen | 16 | Murrell Belanger | 1938 Stevens/Offenhauser | 100 | 1,858 | running | 97 |
| 2 | 2 | Ted Horn | 1 | Ted Horn | 1947 Horn/Offenhauser | 100 | 1,382 | running | 0 |
| 3 | 8 | Charles Van Acker | 44 | Tucker Partners | Stevens/Lencki | 98 | 796 | running | 0 |
| 4 | 4 | Duke Dinsmore | 10 | Schoof | Wetteroth/Offenhauser | 97 | 531 | running | 0 |
| 5 | 14 | George Connor | 14 | Ed Walsh | 1940 Kurtis FD/Offenhauser | 97 | 398 | running | 0 |
| 6 | 9 | Buster Warke | 45 | Johnstone | Stevens/Offenhauser | 95 | 331 | running | 0 |
| 7 | 5 | Walt Brown | 31 | Auto Shippers | Offenhauser | 94 | 268 | running | 0 |
| 8 | 7 | Steve Truchan | 39 | Truchan | Offenhauser | 92 | 268 | running | 0 |
| 9 | 10 | Milt Fankhauser | 53 | Fankhauser | 1930 Miller M183 1/Offenhauser | 53 | 268 | stalled | 0 |
| 10 | 12 | Fred Carpenter | 22 | Pauley-Voght | Ford V8 | 53 | 268 | did not finish | 0 |
| 11 | 11 | Eddie Zalucki | 71 | Jewell | Hal | 43 | 201 | mechanical | 0 |
| 12 | 15 | Jackie Holmes | 25 | Dreyer | Dreyer | 32 | 201 | did not finish | 0 |
| 13 | 6 | Duke Nalon | 27 | Andrews | Offenhauser | 30 | 152 | rear end | 0 |
| 14 | 13 | Bill Holland | 8 | Fred Peters | 1939 Wetteroth/Offenhauser | 16 | 152 | transmission | 0 |
| 15 | 1 | Emil Andres | 3 | Murrell Belanger | 1934 Adams/Offenhauser | 14 | 135 | bad fuel mix | 3 |
| 16 | 16 | Walt Ader | 6 | Offenhauser | 0 | did not start | 0 |