1940 N Drexel Avenue
Indianapolis, IN 46218
- 2 beds
- 1 bath
- 813 sqft
- 4,661 sqft lot
- $169 per sqft
- 1948 build
Charming Modernized Home Near Little Flower & Downtown Indianapolis Discover this beautifully updated home featuring recent renovations, including a brand-new gas line, upgraded main electrical line, and modernized interior finishes. This property offers a spacious basement, perfect for additional storage or potential living space, along with a spacious backyard ideal for outdoor gatherings. Located near the highly sought-after Little Flower neighborhood and just 10 minutes from downtown Indianapolis, this home provides both convenience and charm. Currently tenant-occupied on a fully furnished month-to-month lease at $1,300/month, offering flexibility for investors or buyers looking for immediate rental income. The tenant is open to staying or vacating based on the new owner's preference. Don't miss this incredible opportunity-schedule your showing today!
Last checked:
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Last updated Mar 26, 2025
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MLS# 22028785 —
The Building
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Year Built:1948
-
New Construction:false
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Construction Materials:Brick
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Architectural Style:Bungalow
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Levels:One
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Basement:true
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Basement:Full
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Foundation Details:Block
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Patio And Porch Features:Covered Porch
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Accessibility Features:No
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Green Certification:No
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Building Area Total:1440
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Below Grade Finished Area:93
Interior
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Rooms:4
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Rooms Total:5
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Rooms Total:4
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Interior Features:Hardwood Floors
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Other Equipment:Not Applicable
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Eating Area:Dining Combo/Kitchen
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Laundry Features:In Basement
Room Dimensions
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SqFt:720
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Main Level SqFt:720
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Living Area:813
Location
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Directions:GPS Friendly
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Latitude:39.793732
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Longitude:-86.091604
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:490733182171000101
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Acres:<1/4 Acre
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Lot Size Acres:0.11
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Lot Size SqFt:4,661 Sqft
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Price Per Acre:1250000
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Additional Parcels:false
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Fencing:Fence Full Rear
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Horse Amenities:None
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Fence:Yes
Listing Agent
- Contact info:
- Agent phone:
- (317) 797-7747
Taxes
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Tax Lot:1086254
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Tax Year:2023
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Semi Annual Property Tax Amt:1373.39
Beds
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Beds:2
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Bedrooms:2
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Bedrooms Total:2
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Main Level Bedrooms:2
Baths
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Baths:1
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Full Baths:1
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Full Baths:1
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Full Baths Main:1
Heating & Cooling
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Heating:Forced Air, Gas
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Cooling:Central Electric, Window Unit(s)
Utilities
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Water Source:Municipal/City
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Solid Waste:Yes
Appliances
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Appliances:Dishwasher, Dryer, Gas Water Heater, MicroHood, Gas Oven, Refrigerator, Washer
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Glenridge
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Association:false
Parking
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Parking Features:Detached, Gravel
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Garage:true
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Garage Spaces:1
Monthly cost estimate

Asking price
$137,500
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$736
|
Taxes | $228 |
Insurance | $37 |
Utilities | $117 See report |
Total | $1,118/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/24/25
Mar 24, 2025
|
Listed / Active | MIBOR | $137,500 | 25.0% (7.9% / YR) |
1/21/22
Jan 21, 2022
|
MIBOR | $110,000 | -4.3% | |
12/22/21
Dec 22, 2021
|
MIBOR | $115,000 |