551 E 40th Street
Indianapolis, IN 46205
- 2 beds
- 1 bath
- 1,224 sqft
- 3,876 sqft lot
- $204 per sqft
- 1915 build
Opportunity Awaits at 551 E 40th Street! Located in the desirable Midtown area, close to the Indiana State Fairgrounds, this charming property offers a fantastic investment or renovation opportunity. Featuring classic architectural details and tons of potential, this home is being sold AS-IS - allowing you to bring your vision to life. With its spacious layout, original character, and prime location near downtown, restaurants, parks, and shopping, it's perfect for investors, flippers, or buyers looking to customize their next home. Room sizes have been measured for marketing purposes but are not guaranteed. Buyers are encouraged to verify all measurements and square footage independently prior to making an offer. Don't miss your chance to create something special in one of Indianapolis' vibrant and growing neighborhoods!
Last checked:
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Checking…
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Last updated Apr 30, 2025
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MLS# 22035501 —
The Building
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Year Built:1915
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New Construction:false
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Construction Materials:Brick, Wood
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Architectural Style:TraditonalAmerican
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Levels:One
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Basement:true
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Basement:Unfinished
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Foundation Details:Brick
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Patio And Porch Features:Covered Porch, Porch Open
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Accessibility Features:No
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Green Certification:No
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Building Area Total:2448
Interior
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Rooms:5
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Rooms Total:5
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Rooms Total:5
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Interior Features:Attic Stairway, Built In Book Shelves, Vaulted Ceiling(s)
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Eating Area:Formal Dining Room
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Laundry Features:In Basement
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Fireplaces Total:1
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Fireplace Features:Non Functional, Living Room
Room Dimensions
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SqFt:1224
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Main Level SqFt:1224
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Living Area:1224
Location
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Directions:GPS Friendly
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Latitude:39.8284659
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Longitude:-86.1479083
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:490613125108000801
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Acres:<1/4 Acre
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Lot Features:Corner Lot, Not In Subdivision, Sidewalks
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Lot Size Acres:0.09
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Lot Size SqFt:3,876 Sqft
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Price Per Acre:2777778
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Additional Parcels:false
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Waterfront:false
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Horse Amenities:None
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Fence:No
Listing Agent
- Contact info:
- Agent phone:
- (317) 572-8313
- Office phone:
- (317) 590-8788
Taxes
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Tax Lot:8021265
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Tax Year:2024
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:1136
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, Natural Gas
Utilities
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Electric:100 Amp Service
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Other, Refrigerator
Schools
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Middle Or Junior School:James Whitcomb Riley School 43
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High School:Arsenal Technical High School
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Ardmore
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Spa:false
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Pool Private:false
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Association:false
Parking
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Parking Features:Street Only
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Garage:false
Monthly cost estimate
Asking price
$250,000
| 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. |
$1,338
|
| Taxes | $189 |
| Insurance | $68 |
| Utilities | $143 See report |
| Total | $1,738/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 |
|---|---|---|---|---|
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4/29/25
Apr 29, 2025
|
Listed / Active | MIBOR | $250,000 |
