$1,149 per month
-- Bed
1 Bath
600 Sq Ft
0.52 Acres

Highlights

  • 0.52 Acre Lot
  • 1-Story Property
  • Combination Dining and Living Room
  • 1 Car Attached Garage
  • Central Air
  • Baseboard Heating

About This Home

-Coming Soon! Synonymous with elegance and convenience, 501 Madison Avenue, Apt 301 in the heart of Indianapolis offers a sophisticated urban living experience. This charming studio apartment encompasses 600 square feet of thoughtfully designed space, ideal for creating your personal sanctuary. The gleaming hardwood floors add a touch of classic allure, seamlessly complementing any decor style. Imagine waking up every morning in a sun-drenched living space that effortlessly combines comfort and functionality. The full bath is a haven of relaxation, equipped to cater to your daily needs with style and ease. Nestled in a vibrant neighborhood, this apartment places you at the crossroads of city life, with access to local dining, shopping, and entertainment just steps away. With its prime location, you can enjoy the bustling energy of Indianapolis right at your doorstep. The apartment's intuitive layout maximizes every square foot, providing a cozy yet open ambiance. This is more than just a place to live; it's a lifestyle choice that balances urban excitement with serene privacy. Discover the allure of city living at 501 Madison Avenue, where every detail is designed to inspire and delight. Lofts on Madison offers an on-site laundry facility. There is a secured parking garage with spots available for purchase ($125 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 connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more!

Listing Agent

Mark Jones

PMI Midwest License #RB14036355 Listed on: 08/19/2025

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1860

Parking

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

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1 Full Bathroom
  • 600 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher

Utilities

  • Central Air
  • Baseboard Heating

Listing and Financial Details

  • Property Available on 10/20/25
  • 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: 2025-10-20
  • Lease Amount: 1149
  • Lease Term: 12 Months
  • Tenant Pays: All Utilities
  • Min Lease Req: 12
  • Security Deposit: 0
  • Application Fee: 65
  • Application Website: https://www.indianapolispropertymanagementinc.com/indianapolis-homes-for-rent/4627/501-madison-avenue-apt-301-indianapolis-in-46225

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1860
  • Building Area Total: 600
  • 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/4627/501-madison-avenue-apt-301-indianapolis-in-46225
  • Accessibility Features YN: No
  • Floor Number: 3
  • Lifestyles: Flat
  • F H A Certified: No
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Appliances: Common Laundry, Dishwasher, Microwave, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Living Area: 600
  • Owner Pays: No Utilities
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 600
  • 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: 1149

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating: Baseboard
  • Water Source: Public
  • 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: 2210

Tax Info

  • Tax Annual Amount: 40680
  • Tax Lot: 491112225004000101
  • Semi Annual Property Tax Amt: 20340

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22057675

MIBOR Broker Listing Cooperative®