$225,000
PENDING

2249-2287 S Madison Ave Indianapolis, IN 46225

Old Southside Neighborhood

Estimated payment $1,309/month

Total Views 192,822
1 Acre
$225,000 Price per Acre
43,560 Sq Ft Lot

About This Lot

Prime Development Opportunity - 11 Consecutive Lots on Madison Avenue Just south of Downtown Indianapolis sits an extremely rare chance to control 11 consecutive lots along Madison Avenue, totaling over 1 acre of land. With flexible potential, the site is ideal for: Duplex Development - maximize rental income or resale value with multi-unit new construction. Single-Family Homes - modern infill homes in a rapidly appreciating corridor. Located minutes from downtown, Fountain Square, and Garfield Park, this corridor is seeing rapid redevelopment, with strong demand for both rentals and owner-occupied housing. Whether you're a builder looking for your next project or an investor seeking long-term upside, this collection of 11 lots offers scalability, location, and affordability all in one.

Listing Agent

Leyton Wellbaum

Highgarden Real Estate License #RB14048234 Listed on: 08/28/2025

Co-Listing Agent

Laura Waters

Highgarden Real Estate License #RB17001385

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,510

Lot Details

  • 1 Acre Lot
  • Additional Parcels

Location

  • City Lot

Community Details

  • Nordholt Heirs Addition Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 491124113008000101

Property Details

Property Type

Land

Est. Annual Taxes

$1,510

Lot Details

0

Listing Details

  • Type: Multiple,Undeveloped,See Remarks
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Co List Office Phone: 317-205-4320
  • Lot Size Acres: 1
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Nordholt Heirs Addition
  • Transaction Type: Sale
  • Special Features: None

Exterior Features

  • Other Structures: Not Applicable
  • Topography: Cleared,Level
  • Road Access: Frontage Road
  • Water: Municipal Water Near By

Utilities

  • Sewer: Public Sewer
  • Solid Waste: No

Lot Info

  • Lot Features: Access, City Lot
  • Additional Parcels Description: 11 Consecutive Lots
  • Additional Parcels: Yes
  • Development Status: Other
  • Horse Amenities: None
  • Lot Size Sq Ft: 3964
  • Number Of Lots: 11
  • Parcel Number: 491124113008000101
  • Zoning: Residential
  • Acres: 1-3 Acres
  • Land Characteristics: City,Corner,Rectangle,Platted Subdivision
  • Present Zoning: Single Family
  • Soil Type: Not Applic
  • Divisible: No

Tax Info

  • Tax Annual Amount: 1510
  • Tax Lot: 17
  • Semi Annual Property Tax Amt: 755

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2025 11/18/25 Pending -- -- --
08/28/2025 08/28/25 For Sale $225,000 -- --
Source: MIBOR Broker Listing Cooperative®

About the Listing Agent

Leyton Wellbaum
Leyton Wellbaum

Highgarden Real Estate

(317) 747-3341

Section Image

Leyton is a highly experienced Residential Real Estate Agent with over 10 years of expertise in various areas including Listing, Buying, Bank Owned, HUD, Rehab to Resale, and Investment Properties. With a background in Mortgage Finance for over 8 years, Leyton possesses extensive knowledge in FHA, VA, Conforming, Non-Conforming, Investment Properties, and Construction Loans. Having lived in and owned homes in the Butler Tarkington, Meridian Kessler, Broadripple, and Fishers communities, Leyton

View Leyton's Profile

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22059575

MIBOR Broker Listing Cooperative®
Indiana Marion County Indianapolis 46225 Old Southside

2249-2287 S Madison Ave, Indianapolis, IN

Pending

Lots

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MIBOR Broker Listing Cooperative® 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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Leyton Wellbaum
Leyton Wellbaum
Listing Agent Section Image
Highgarden Real Estate
(317) 747-3341