| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 11 | Walt Brown | 7 | Kurtis Kraft | 1947 Kurtis 1000 316/Offenhauser | 100 | 2,585 | running | 34 |
| 2 | 9 | Mack Hellings | 35 | Tommy Lee | 1948 Kurtis 2000 319/Offenhauser | 100 | 1,847 | running | 0 |
| 3 | 4 | Emil Andres | 8 | Charlie Pritchard | 1948 Kurtis 2000 320/Offenhauser | 100 | 1,103 | running | 0 |
| 4 | 18 | Duane Carter | 32 | Carl Marchese | 1938 Marchese/Offenhauser | 100 | 735 | running | 0 |
| 5 | 12 | George Connor | 29 | Auto Shippers | Offenhauser | 100 | 551 | running | 0 |
| 6 | 8 | Lee Wallard | 45 | Lencki | Lencki/Lencki | 100 | 458 | running | 0 |
| 7 | 15 | Charles Van Acker | 4 | South Bend | Stevens/Offenhauser | 100 | 371 | running | 0 |
| 8 | 17 | Bill Sheffler | 53 | Sheffler | Bromme/Offenhauser | 95 | 371 | running | 0 |
| 9 | 7 | Ted Horn | 1 | Ted Horn | 1947 Horn/Offenhauser | 66 | 371 | throttle | 23 |
| 10 | 13 | Walt Ader | 27 | Bill Corley | Offenhauser | 50 | 371 | steering | 0 |
| 11 | 10 | Duke Nalon | 15 | Fred Peters | 1939 Wetteroth/Offenhauser | 47 | 279 | rear end | 14 |
| 12 | 14 | Buster Warke | 55 | Nyquist | Shaw/Offenhauser | 46 | 279 | did not finish | 0 |
| 13 | 5 | Johnny Mantz | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 30 | 211 | axle | 10 |
| 14 | 3 | Spider Webb | 51 | Bromme | Bromme/Offenhauser | 43 | 211 | did not finish | 0 |
| 15 | 1 | Tony Bettenhausen | 16 | Murrell Belanger | Wetteroth/Offenhauser | 22 | 187 | axle | 0 |
| 16 | 6 | Rex Mays | 5 | Charles Bowes | 1947 Kurtis/Winfield SC | 21 | 187 | engine | 20 |
| 17 | 16 | Mike Salay | 38 | Terman's Supply | Wetteroth/Offenhauser | 16 | 138 | did not finish | 0 |
| 18 | 2 | Paul Russo | 49 | Norm Olson | Olson/Offenhauser | 5 | 138 | accident | 0 |
| Red Byron | 43 | Ford | 0 | did not qualify | 0 | ||||
| Myron Fohr | 32 | Carl Marchese | 1938 Marchese/Offenhauser | 0 | practiced car | 0 | |||
| Mel Hansen | 17 | Offenhauser | 0 | did not qualify | 0 | ||||
| Hal Cole | 63 | Leo Dobry | 1948 Kurtis 2000 317/Offenhause | 0 | did not qualify | 0 | |||
| Charlie Rogers | 89 | Offenhauser | 0 | did not qualify | 0 | ||||
| Duane Carter | 18 | Offenhauser | 0 | did not qualify | 0 | ||||
| Chick Barbo | 28 | Miller | 0 | did not qualify | 0 | ||||
| Orville Epperly | 24 | Dreyer | 0 | did not qualify | 0 |