ActivePrice cut: $7.5K (4/1)
$367,500
4beds
3,006sqft
551 E 40th St, Indianapolis, IN 46205
4beds
3,006sqft
Residential, single family residence
Built in 1915
3,920 sqft
On street
$122 price/sqft
What's special
Sleek countertopsSpacious bedroomsBrand-new kitchenNew windowsNew roofRefinished hardwood floors
Welcome to 551 E 40th Street, a beautifully renovated home in the heart of Indianapolis' desirable Midtown area. Originally built in 1915, this home perfectly blends historic character with modern updates. Step inside to discover a bright and open floor plan featuring four spacious bedrooms and two full bathrooms, ideal for ...
- 148 days |
- 1,310 |
- 102 |
Source: MIBOR as distributed by MLS GRID,MLS#: 22071469
Travel times
Living Room
Dining Room
Bedroom
Zillow last checked: 7 hours ago
Listing updated: 18 hours ago
Listing Provided by:
Andrew Hehman 812-344-0722,
eXp Realty LLC,
Alex Montagano,
eXp Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22071469
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 176 Square Feet
- Dimensions: 16x11
Bedroom 2
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12x13
Bedroom 3
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 11x12
Bedroom 4
- Level: Upper
- Area: 169 Square Feet
- Dimensions: 13x13
Dining room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Living room
- Level: Main
- Area: 247 Square Feet
- Dimensions: 19x13
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Other, Refrigerator
- Laundry: In Basement
Features
- Attic Stairway, Built-in Features
- Basement: Unfinished
- Attic: Permanent Stairs
- Number of fireplaces: 1
- Fireplace features: Non Functional, Living Room
Interior area
- Total structure area: 3,006
- Total interior livable area: 3,006 sqft
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: On Street
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Covered, Porch
Lot
- Size: 3,920.4 Square Feet
- Features: Corner Lot, Not In Subdivision, Sidewalks
Details
- Parcel number: 490613125108000801
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Wood Siding
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Electric: 100 Amp Service
- Water: Public
Community & HOA
Community
- Subdivision: Ardmore
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $200,300
- Annual tax amount: $2,358
- Date on market: 11/4/2025
- Cumulative days on market: 140 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2026 | Price change | $367,500-2%$122/sqft |
Source:  MIBOR as distributed by MLS GRID #22071469 Report a problem | ||
| 3/23/2026 | Listed for sale | $375,000$125/sqft |
Source: MIBOR as distributed by MLS GRID #22071469 Report a problem | ||
| 3/16/2026 | Pending sale | $375,000$125/sqft |
Source: MIBOR as distributed by MLS GRID #22071469 Report a problem | ||
| 1/14/2026 | Price change | $375,000-2.6%$125/sqft |
Source: MIBOR as distributed by MLS GRID #22071469 Report a problem | ||
| 1/6/2026 | Price change | $384,900-1.8%$128/sqft |
Source: MIBOR as distributed by MLS GRID #22071469 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,166 -4.7% | $200,300 +7.8% |
| 2023 | $2,273 +11.5% | $185,800 -4% |
| 2022 | $2,037 +5.2% | $193,500 +8.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,136/mo
Principal & interest
$1842
Property taxes
$294
More affordability tools
Estimated market value
Not available
Estimated sales range
Not available
Not available
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.
Neighborhood: Meridian Kessler
Nearby schools
GreatSchools rating
- 3/10James Whitcomb Riley School 43Grades: PK-8Distance: 0.7 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 0.8 mi
- 5/10IPS/Butler University Laboratory School 60Grades: PK-8Distance: 0.9 mi
Schools provided by the listing agent
- Middle: James Whitcomb Riley School 43
- High: Arsenal Technical High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.