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!
Sold
$185,000
551 E 40th St, Indianapolis, IN 46205
2beds
2,448sqft
Residential, Single Family Residence
Built in 1915
3,920 sqft lot
$185,000 Zestimate®
$76/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 07:42am
Listing Provided by:
Jessica Hamilton jhamilton@hamiltonrealtygrp.com,
Fathom Realty
Bought with:
Alex Montagano
eXp Realty, LLC
Andrew Hehman
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22035501

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Hardwood
- Level: Main
- Area: 176 Square Feet
- Dimensions: 16x11
Bedroom 2
- Features: Hardwood
- Level: Main
- Area: 143 Square Feet
- Dimensions: 11x13
Dining room
- Features: Hardwood
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Kitchen
- Features: Laminate
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10x11
Living room
- Features: Hardwood
- Level: Main
- Area: 247 Square Feet
- Dimensions: 19x13
Heating
- Forced Air
Appliances
- Included: Other, Refrigerator
- Laundry: In Basement
Features
- Attic Stairway, Bookcases, Vaulted Ceiling(s)
- Basement: Unfinished
- Attic: Permanent Stairs
- Number of fireplaces: 1
- Fireplace features: Non Functional, Living Room
Interior area
- Total structure area: 2,448
- Total interior livable area: 2,448 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Street Only
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Porch
Lot
- Size: 3,920 sqft
- Features: Corner Lot, Not In Subdivision, Sidewalks
Details
- Parcel number: 490613125108000801
- Special conditions: None,As Is,Sales Disclosure On File,Sales Disclosure Supplements
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Wood
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Electric: 100 Amp Service
- Water: Municipal/City
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Ardmore
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$185,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$185,000