$1,199 per month
-- Bed
1 Bath
500 Sq Ft
0.52 Acres

Highlights

  • 0.52 Acre Lot
  • Traditional Architecture
  • 1 Car Attached Garage
  • Vaulted Ceiling
  • Wood Flooring
  • Kitchen Island

About This Home

Coming Soon! **Half Off First Full Month's Rent if Moved in by 6/15!! Celebrate the charm of city living at 501 Madison Avenue, Unit 206, where urban elegance meets comfort in the heart of Indianapolis. This inviting studio apartment offers a perfectly designed 500 sq ft space, ideal for those seeking a cozy and efficient living experience. Picture yourself in a vibrant neighborhood, with easy access to the cultural and culinary delights that downtown Indy has to offer. The thoughtfully designed open floor plan maximizes every inch, creating a seamless flow between living, dining, and sleeping areas. Enjoy the modern efficiency of a beautifully arranged full bathroom, providing all the essentials for your daily routine. Large windows invite natural light to dance across your living space, creating a bright and welcoming atmosphere to start and end your day. Whether you're a young professional or a student, this apartment offers the perfect balance of convenience and style. Imagine the ease of city commuting with nearby public transport options, bringing the best of the city right to your doorstep. Unit 206 is your gateway to an exciting urban lifestyle, perfectly blending comfort and accessibility. Discover the possibilities that await in this exceptional Indianapolis residence, and make 501 Madison Avenue your new home sweet home. Lofts on Madison offers an on-site laundry facility. There is a parking garage with spots available for purchase ($100 monthly). This is a pet friendly building allowing for both cats and dogs under 25 pounds (breed restrictions do apply). Residents are responsible for turning electric on in their name. Water, sewer, and trash cost $40.00. All of our residents are enrolled in the Resident Benefits Package (RBP) for $36.95/month which includes credit building to help boost the resident's credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connect

Listing Agent

Mark Jones

PMI Midwest Brokerage Email: jsibol@midwestpmi.com License #RB14036355 Listed on: 06/18/2025

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1860

Parking

  • 1 Car Attached Garage
  • Leased Parking
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1 Full Bathroom
  • 500 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Paddle Fans
  • Window Screens
  • Combination Dining and Living Room

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Additional Features

  • 1 Common Wall
  • Forced Air Heating System

Listing and Financial Details

  • Property Available on 7/1/25
  • Tenant pays for all utilities
  • The owner pays for no utilities
  • 12-Month Minimum Lease Term
  • $65 Application Fee
  • Tax Lot 491112225004000101
  • Assessor Parcel Number 491112225004000101

Community Details

Pet Policy

  • Pets allowed on a case-by-case basis

Additional Features

  • Property managed by PMI Midwest
  • Laundry Facilities

Condo Details

Home Type

Condominium

Year Built

Built in 1860

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2025-07-01
  • Lease Amount: 1199
  • Lease Term: 12 Months
  • Tenant Pays: All Utilities
  • Min Lease Req: 12
  • Security Deposit: 0
  • Application Fee: 65

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1860
  • Building Area Total: 500
  • Garage Y N: Yes
  • Lot Size Acres: 0.52
  • Subdivision Name: No Subdivision
  • Transaction Type: Lease
  • Website: https://www.indianapolispropertymanagementinc.com/indianapolis-homes-for-rent/4621/501-madison-avenue-apt-206-indianapolis-in-46225
  • Accessibility Features YN: No
  • Floor Number: 2
  • Lifestyles: Flat
  • Unit Entry Level: 2
  • F H A Certified: No
  • MBR_AttributionContact: jsibol@midwestpmi.com
  • Attribution Contact: jsibol@midwestpmi.com
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall, 2+ Common Walls
  • Basement: No
  • Appliances: Refrigerator, Microwave, Electric Oven, Common Laundry, Dishwasher
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Interior Amenities: Raised Ceiling(s), Center Island, Paddle Fan, Hardwood Floors, Screens Some
  • Living Area: 500
  • Owner Pays: No Utilities
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 500
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Slab
  • List Price: 1199

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Attached, Garage Door Opener, Leased

Utilities

  • Heating: Forced Air
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Pets Allowed: W/Approval
  • Condo Description Location: Building Common Entry
  • Condo Type: Horizontal
  • Property Management Company: PMI Midwest
  • Property Management Company Phone: 317-546-3482

Lot Info

  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 22651
  • Parcel Number: 491112225004000101
  • Acres: 1/2-1 Acre
  • Price Acre: 2306

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 47490
  • Tax Lot: 491112225004000101
  • Semi Annual Property Tax Amt: 23745

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22045740

MIBOR Broker Listing Cooperative®