Discover the incredible potential of 747 E McCarty St, a hidden gem nestled in the heart of historic Fletcher Place-one of downtown Indianapolis' few residential neighborhoods. This charming 3-bedroom, 2-bath home boasts solid bones and an unbeatable location, just steps from the lively Virginia Street corridor and only blocks from downtown Fountain Square, where you can enjoy favorites like Chilly Water Brewing, Hotel Tango, and an array of restaurants, shops, and nightlife. With easy walking access to Eli Lilly and a short stroll to the Edna Balz Lacy Family Park, you'll be mere minutes away from downtown Indy's premier attractions, including Gainsbridge Fieldhouse, Lucas Oil Stadium, the convention center, Mass Ave, the Bottleworks District, and four major hospitals. Whether you're an owner-occupant looking for a move-in ready home to make your own, or an investor seeking a relatively turnkey property with significant upside potential-ideal for renovation, flipping, or short- to medium-term furnished rentals-this property is brimming with opportunity. Nestled on a small block among beautifully renovated homes and new builds in progress, 747 E McCarty St offers the perfect canvas to add your personal touch. Whether you choose a light cosmetic refresh or a full to-the-studs transformation, you can turn this well-located home into a modern urban oasis that truly shines in the epicenter of downtown Indy!
Active
Price cut: $9.1K (5/16)
$289,900
747 E McCarty St, Indianapolis, IN 46203
3beds
2,215sqft
Est.:
Residential, Single Family Residence
Built in 1900
5,227.2 Square Feet Lot
$281,700 Zestimate®
$131/sqft
$-- HOA
What's special
Solid bonesMove-in ready home
- 111 days
- on Zillow |
- 1,052 |
- 62 |
Zillow last checked: 7 hours ago
Listing updated: May 16, 2025 at 06:18am
Listing Provided by:
Peter Stewart peter@peterstewartrealty.com,
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22020937

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Features: Carpet
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 12x13
Bedroom 2
- Features: Carpet
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 10x11
Bedroom 3
- Features: Carpet
- Level: Upper
- Area: 72 Square Feet
- Dimensions: 9x8
Dining room
- Features: Laminate
- Level: Main
- Area: 150 Square Feet
- Dimensions: 10x15
Kitchen
- Features: Laminate
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Laundry
- Features: Laminate
- Level: Main
- Area: 15 Square Feet
- Dimensions: 3x5
Living room
- Features: Laminate
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Heating
- Forced Air
Appliances
- Included: Dishwasher, Electric Water Heater, MicroHood, Electric Oven, Refrigerator
- Laundry: Main Level
Features
- Bookcases, Entrance Foyer
- Basement: Cellar
- Number of fireplaces: 1
- Fireplace features: Non Functional
Interior area
- Total structure area: 2,215
- Total interior livable area: 2,215 sqft
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Alley Access
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Wrap Around
- Fencing: Fenced,Partial
Lot
- Size: 5,227.2 Square Feet
- Features: On Trail, Street Lights, Mature Trees
Details
- Parcel number: 491112121088000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Residential, Single Family Residence
Materials
- Wood
- Foundation: Block
Condition
- Fixer
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Municipal/City
Community & HOA
Community
- Subdivision: Greer & Waters
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $330,100
- Annual tax amount: $7,608
- Date on market: 2/25/2025
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