243 Iowa St Indianapolis, IN 46225
Bates-Hendricks NeighborhoodEstimated payment $1,195/month
Total Views
2,528
3
Beds
2
Baths
1,824
Sq Ft
$109
Price per Sq Ft
Highlights
- Main Floor Bedroom
- 1 Car Detached Garage
- Combination Dining and Living Room
- No HOA
- Luxury Vinyl Plank Tile Flooring
- 3-minute walk to Sexson Park
About This Home
Investor special in Bates Hendricks! Welcome to 243 Iowa St, a prime opportunity to finish what's been started and reap the rewards. This 3-bedroom, 2-bath, two-story home offers nearly 2,000 sq ft of finished living space and sits on a spacious, flat .3-acre lot with a brand-new 1-car detached garage. Much of the heavy lifting has already been done-demo, design, framing, drywall, rough plumbing and electrical, new windows, and flooring are in place. Now it's ready for your finishing touches. Designed with an investor in mind, this home features a desirable layout with a main-level primary suite, complete with an en-suite bath and sliding glass doors that open to the backyard. Upstairs, you'll find two additional bedrooms, a full bath, and a versatile loft space. Located in the heart of Bates Hendricks-one of Indy's hottest revitalized neighborhoods-this property is surrounded by stunning new builds and high-end renovations. Homes on this very street are being transformed, and the ARV potential here is strong, with comps suggesting values of $350K+ when finished. Just minutes to downtown, this location is ideal for short, mid, or long-term rental strategies-or rehab and flip it for a great return. Property is sold as-is and will require cash or hard money financing. Don't miss your chance to be part of the continued transformation of one of Indianapolis' most dynamic neighborhoods. Schedule a showing today and bring your vision to life at 243 Iowa St!
Listing Agent
Keller Williams Indpls Metro N License #RB15000083 Listed on: 07/28/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,258
Year Built
- Built in 1895
Lot Details
- 4,416 Sq Ft Lot
Parking
- 1 Car Detached Garage
Home Design
- Fixer Upper
- Wood Siding
Interior Spaces
- 2-Story Property
- Combination Dining and Living Room
- Luxury Vinyl Plank Tile Flooring
- Basement
- Basement Cellar
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 75
- Assessor Parcel Number 491113171024000101
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 | $1,407 | $121,500 | $30,600 | $90,900 |
| 2023 | $1,407 | $128,900 | $30,600 | $98,300 |
| 2022 | $1,470 | $122,900 | $30,600 | $92,300 |
| 2021 | $1,373 | $114,900 | $30,600 | $84,300 |
| 2020 | $1,191 | $103,900 | $30,600 | $73,300 |
| 2019 | $1,196 | $103,300 | $11,100 | $92,200 |
| 2018 | $994 | $91,500 | $11,100 | $80,400 |
| 2017 | $654 | $78,400 | $11,100 | $67,300 |
| 2016 | $622 | $78,400 | $11,100 | $67,300 |
| 2014 | $527 | $72,200 | $11,100 | $61,100 |
| 2013 | $595 | $70,900 | $11,100 | $59,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Pending | -- | -- | -- |
| 07/28/2025 07/28/25 | For Sale | $199,000 | -- | $109 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $145,000 | Investors Title | |
| Warranty Deed | $145,000 | Investors Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | $205,000 | None Listed On Document | |
| Quit Claim Deed | $205,000 | None Listed On Document | |
| Warranty Deed | $205,000 | Eagle Land Title | |
| Warranty Deed | $205,000 | Eagle Land Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $265,050 | Construction | |
| Previous Owner | $65,628 | FHA | |
| Previous Owner | $52,800 | New Conventional | |
| Previous Owner | $7,620 | Unknown |
Source: Public Records
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Source: MIBOR Broker Listing Cooperative®
MLS Number: 22050699
APN: 49-11-13-171-024.000-101
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