For Sale154d on marketHistoric · 111 yrs
551 E 40th St
Indianapolis, IN, 46205 • Meridian Kessler • Marion County
$367,500
$122/sqft
-$7,500 since Apr 1, 2026
Down payment assistance available
4Beds
2Baths
3,006Sqft
0.09 acLot
1915Built
Property DNA
Traditional Style
Built 1915 · 111 years of history
Ardmore
Meridian Kessler
Outdoor Living
Covered · Porch
1 Fireplace
Non Functional · Living Room
This home is getting attention
Listed 154 days ago · 1,240 views · 98 saves
Market activity
Demand and pricing signals for this listing
1,240 views
People checking out this listing
98 saves
Buyers have saved this home
154 days on market
Established listing
$122/sqft
Price per square foot
About this home
Single Family · Built 1915 · Historic
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 today's lifestyle. The brand-new kitchen shines with modern cabinetry, sleek countertops, and all new appliances, creating the perfect space for cooking and entertaining. Both bathrooms have been completely updated with stylish finishes and contemporary fixtures. Throughout the home, you'll find refinished hardwood floors, adding warmth and timeless charm, complemented by new windows that bring in abundant natural light. A new roof and siding ensures peace of mind for years to come. Every detail has been thoughtfully designed to offer comfort, functionality, and style. Conveniently located near downtown Indianapolis, popular restaurants, shopping, and parks, this home is move-in ready and waiting for its next owner to enjoy all it has to offer.
Standout features identified
Our analysis highlights sleek countertops, spacious bedrooms, and brand-new kitchen as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,302/month
Principal & Interest$1,812
Property Tax$368
Insurance$123
Down payment20% ($73,500)
3%50%
Est. 6.26% rate · 30yr fixed · $294,000 loan
Full calculator →Virtual Tour
Open in new tab ↗Loading virtual tour…
At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1915
HeatingForced Air, Natural Gas
CoolingCentral Air
ParkingOn Street
Lot3,920 sqft
Days on Zillow154 Days
Price/sqft$122
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleTraditional
Year built1915
Stories1
Systems
HeatingForced Air, Natural Gas
CoolingCentral Air
ConstructionBrick, Wood Siding
Water / SewerPublic
Parking & Outdoor
ParkingOn Street
BasementUnfinished
Fireplaces1
Lot3,920 sqft
Location & Tax
NeighborhoodMeridian Kessler
Annual tax$2,358
Parcel490613125108000801
Bathrooms & Fees
Full baths2
Features & details
10 categories of property features
Interior Features
Interior
Attic Stairway
Built-in Features
Appliances
Other
Refrigerator
Heating
Forced Air
Natural Gas
Cooling
Central Air
Laundry
In Basement
Fireplace
Non Functional
Living Room
Exterior Features
Parking
On Street
Construction
Brick
Wood Siding
Patio & Porch
Covered
Porch
Lot Features
Corner Lot
Not In Subdivision
Sidewalks
Room details
7 rooms detailed
Master Bedroom
Main16×11 ft176 sqft
Bedroom2
Main12×13 ft156 sqft
Bedroom3
Upper11×12 ft132 sqft
Bedroom4
Upper13×13 ft169 sqft
Dining Room
Main15×12 ft180 sqft
Kitchen
Main12×12 ft144 sqft
Tile-Ceramic
Listing insights
Market data and value estimates
StatusFor Sale
Days on market154
Tax rate0.96%
Price/sqft$122
On marketNov 4, 2025
PostedNov 4, 2025
Last sold$185,000
MLS statusActive
MLS updatedApr 1, 2026
Tour days9
Views1,240
Favorites98
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46205
Price history
16 events
DateEventPrice$/sqftSource
Apr 1, 2026Price Change$367,500$122MIBOR as distributed by MLS GRID
Mar 23, 2026Listed For Sale$375,000$125MIBOR as distributed by MLS GRID
Mar 16, 2026Pending Sale$375,000$125MIBOR as distributed by MLS GRID
Jan 14, 2026Price Change$375,000$125MIBOR as distributed by MLS GRID
Jan 6, 2026Price Change$384,900$128MIBOR as distributed by MLS GRID
Dec 4, 2025Price Change$392,000$130MIBOR as distributed by MLS GRID
Nov 19, 2025Price Change$395,000$131MIBOR as distributed by MLS GRID
Nov 11, 2025Price Change$399,900$133MIBOR as distributed by MLS GRID
Nov 4, 2025Listed For Sale$415,000$138MIBOR as distributed by MLS GRID
Jun 6, 2025Sold$185,000$62MIBOR as distributed by MLS GRID
May 17, 2025Pending Sale$225,000$75MIBOR as distributed by MLS GRID
May 15, 2025Listed For Sale$225,000$75MIBOR as distributed by MLS GRID
May 12, 2025Pending Sale$225,000$75MIBOR as distributed by MLS GRID
May 6, 2025Price Change$225,000$75MIBOR as distributed by MLS GRID
May 4, 2025Pending Sale$250,000$83MIBOR as distributed by MLS GRID
Apr 30, 2025Listed For Sale$250,000$83MIBOR as distributed by MLS GRID
Price Change$367,500
Apr 1, 2026•$122/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$375,000
Mar 23, 2026•$125/sqft•MIBOR as distributed by MLS GRID
Pending Sale$375,000
Mar 16, 2026•$125/sqft•MIBOR as distributed by MLS GRID
Price Change$375,000
Jan 14, 2026•$125/sqft•MIBOR as distributed by MLS GRID
Price Change$384,900
Jan 6, 2026•$128/sqft•MIBOR as distributed by MLS GRID
Price Change$392,000
Dec 4, 2025•$130/sqft•MIBOR as distributed by MLS GRID
Price Change$395,000
Nov 19, 2025•$131/sqft•MIBOR as distributed by MLS GRID
Price Change$399,900
Nov 11, 2025•$133/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$415,000
Nov 4, 2025•$138/sqft•MIBOR as distributed by MLS GRID
Sold$185,000
Jun 6, 2025•$62/sqft•MIBOR as distributed by MLS GRID
Pending Sale$225,000
May 17, 2025•$75/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$225,000
May 15, 2025•$75/sqft•MIBOR as distributed by MLS GRID
Pending Sale$225,000
May 12, 2025•$75/sqft•MIBOR as distributed by MLS GRID
Price Change$225,000
May 6, 2025•$75/sqft•MIBOR as distributed by MLS GRID
Pending Sale$250,000
May 4, 2025•$83/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$250,000
Apr 30, 2025•$83/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 8, 2024$2,166$200,300
Apr 8, 2023$2,273$185,800
Apr 8, 2022$2,037$193,500
Apr 8, 2021$1,936$178,100
Apr 8, 2020$1,869$169,100
Apr 8, 2019$1,813$160,800
Apr 8, 2018$4,263$155,100
Apr 8, 2017$4,161$158,100
Apr 8, 2016$1,463$141,900
Apr 8, 2014$1,577$147,800
Apr 8, 2013$1,484$139,000
Apr 8, 2012$1,484$135,400
Apr 8, 2011—$122,500
Apr 8, 2010$1,261$122,500
Apr 8, 2009$1,314$126,000
Apr 8, 2007—$99,300
Apr 8, 2006—$112,500
Apr 8, 2005—$57,100
Apr 8, 2004—$57,100
Apr 8, 2003—$57,100
Apr 8, 2002—$19,900
Apr 8, 2001—$6,630
Apr 8, 2000—$6,630
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-08 07:18:00 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
No obligation · Same-day response