1421 E Michigan St Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $5,058/month
Total Views
1,603
4
Beds
2.5
Baths
2,736
Sq Ft
$329
Price per Sq Ft
Highlights
- Contemporary Architecture
- 2 Car Detached Garage
- Entrance Foyer
- No HOA
- Walk-In Closet
- Central Air
About This Home
Welcome to 1421 E Michigan St, a rare and refined opportunity to own a brand-new construction masterpiece just minutes from downtown Indy. This striking property features two expansive townhomes (or a full duplex), each offering over 2,600 square feet of sophisticated living space with 4 bedrooms and 2.5 baths per unit. Designed with both elegance and versatility in mind, this home is perfect for luxury house hacking, live in one side while generating passive income from the other. Whether you're interested in long-term rentals, Airbnb, or multi-generational living, the investment potential here is unmatched. Step inside to find sleek modern finishes, sun-filled open layouts, and thoughtfully designed low-maintenance living. Each unit boasts upscale features, including designer kitchens, spa-inspired bathrooms, and spacious living areas that exude style and comfort. But the true showstopper? A massive rooftop deck on the third floor offering breathtaking skyline views of downtown Indianapolis, perfect for entertaining, relaxing, or simply enjoying the city from the privacy of your own retreat. A detached 2-car garage completes the package, adding convenience and functionality. This is more than just a home, it's a lifestyle upgrade and a smart investment in one of Indy's fastest-growing areas.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,858
Year Built
- Built in 1920
Lot Details
- 6,200 Sq Ft Lot
Parking
- 2 Car Detached Garage
Home Design
- Contemporary Architecture
- Block Foundation
- Wood Siding
Interior Spaces
- 2-Story Property
- Entrance Foyer
- Family or Dining Combination
Kitchen
- Gas Cooktop
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Utilities
- Central Air
- Electric Water Heater
Community Details
- No Home Owners Association
- North Arsenal Park Subdivision
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 491006186012000101
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,698 | $68,100 | $48,200 | $19,900 |
| 2023 | $2,006 | $68,300 | $48,200 | $20,100 |
| 2022 | $2,358 | $66,400 | $48,200 | $18,200 |
| 2021 | $4,263 | $177,500 | $67,400 | $110,100 |
| 2020 | $4,833 | $129,900 | $21,400 | $108,500 |
| 2019 | $3,100 | $120,400 | $21,400 | $99,000 |
| 2018 | $2,873 | $114,000 | $21,400 | $92,600 |
| 2017 | $2,449 | $108,100 | $21,400 | $86,700 |
| 2016 | $2,299 | $103,400 | $21,400 | $82,000 |
| 2014 | $983 | $98,800 | $21,400 | $77,400 |
| 2013 | $989 | $98,800 | $21,400 | $77,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $899,900 | 0.0% | $329 / Sq Ft |
| 08/15/2025 08/15/25 | Off Market | $899,900 | -- | -- |
| 07/25/2025 07/25/25 | Price Changed | $899,900 | -7.7% | $329 / Sq Ft |
| 07/04/2025 07/04/25 | For Sale | $974,900 | -- | $356 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Drake Andrew R | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $480,000 | Construction | |
| Closed | $683,000 | Construction |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22048859
APN: 49-10-06-186-012.000-101
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Based on information submitted to the MLS GRID. 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.
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