2540 Madison Ave Indianapolis, IN 46225
Garfield Park NeighborhoodEstimated payment $1,390/month
Highlights
- Mature Trees
- Eat-In Kitchen
- Shed
- No HOA
- Woodwork
- Vinyl Plank Flooring
About This Home
Welcome to 2540 Madison AVE, Indianapolis, IN. This single-family residence in Marion County presents an opportunity to own a piece of Indianapolis history. The residence offers a generous 1376 square feet of living area, providing ample space to create a comfortable environment. With four bedrooms, this residence provides flexibility to accommodate a variety of lifestyle needs. Two full bathrooms offer convenience and functionality. House totally remodeled in 2025. The property has a substantial 7797 square feet lot area, offering outdoor space for recreation and relaxation. Constructed in 1886, this two-story residence carries the charm of a bygone era. This historic single-family residence awaits your personal touch to transform it into a unique Indianapolis haven.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,786
Year Built
- Built in 1886 | Remodeled
Lot Details
- 7,797 Sq Ft Lot
- Mature Trees
Home Design
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Woodwork
- Paddle Fans
- Combination Kitchen and Dining Room
- Unfinished Basement
Kitchen
- Eat-In Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Vinyl Plank
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Shed
- Storage Shed
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- Hoefgens Subdivision
Listing and Financial Details
- Tax Lot NE - L18
- Assessor Parcel Number 491124131007000101
Map
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 | $3,416 | $75,300 | $17,500 | $57,800 |
| 2023 | $3,416 | $74,200 | $17,500 | $56,700 |
| 2022 | $4,226 | $72,800 | $17,500 | $55,300 |
| 2021 | $3,495 | $63,400 | $17,500 | $45,900 |
| 2020 | $1,452 | $58,400 | $17,500 | $40,900 |
| 2019 | $1,132 | $43,800 | $7,300 | $36,500 |
| 2018 | $1,186 | $45,800 | $7,300 | $38,500 |
| 2017 | $991 | $42,300 | $7,300 | $35,000 |
| 2016 | $919 | $39,900 | $7,300 | $32,600 |
| 2014 | $733 | $33,900 | $7,300 | $26,600 |
| 2013 | $732 | $35,200 | $7,300 | $27,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Price Changed | $235,000 | -2.9% | $171 / Sq Ft |
| 08/27/2025 08/27/25 | Price Changed | $242,000 | -2.0% | $176 / Sq Ft |
| 08/20/2025 08/20/25 | Price Changed | $247,000 | -1.2% | $180 / Sq Ft |
| 08/15/2025 08/15/25 | Price Changed | $249,900 | -2.0% | $182 / Sq Ft |
| 07/28/2025 07/28/25 | For Sale | $255,000 | -- | $185 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $26,483 | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Land Contract | $45,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $39,000 | Credit Line Revolving | |
| Previous Owner | $35,000 | Seller Take Back |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22052712
APN: 49-11-24-131-007.000-101
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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