RENTED AUG 20, 2025
1 Bed
1 Bath
700 Sq Ft
0.52 Acres

Highlights

  • 0.52 Acre Lot
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • 1-Story Property
  • Family or Dining Combination

About This Home

As of August 2025

**Half Off First Full Month's Rent if Moved in by 7/31!! Synonymous with comfort and style, 501 Madison Avenue, Apt 311, offers a perfect blend of modern living and urban convenience. Nestled in the heart of Indianapolis, this one-bedroom, one-bathroom apartment spans an inviting 700 square feet, providing ample space for relaxation and creativity. Step inside to discover beautifully finished hardwood floors that flow seamlessly throughout, adding warmth and elegance to your new home. The open-concept design ensures a natural transition between the living, dining, and kitchen areas, making it ideal for entertaining or simply enjoying a cozy night in. Large windows invite abundant natural light, creating a bright and airy ambiance that lifts your spirits. The well-appointed kitchen boasts modern appliances and plenty of counter space, perfect for culinary adventures. The spacious bedroom offers a tranquil retreat, while the full bathroom features contemporary fixtures and finishes for your convenience. Located in a vibrant neighborhood, you'll have easy access to local cafes, shopping, and cultural attractions, all just a short stroll away. Whether you're a young professional or someone looking to enjoy the bustling city life, this apartment provides a serene escape within the lively cityscape. Don't miss the opportunity to make 501 Madison Avenue, Apt 311, your new urban sanctuary. Lofts on Madison offers an on-site laundry facility. There is a secured parking garage with spots available for rent($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 on electric in their own 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

Last Agent to Rent the Property

Mark Jones

PMI Midwest License #RB14036355 Listed on: 06/02/2025

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1860

Lot Details

  • 0.52

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Paddle Fans
  • Family or Dining Combination

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • 1 Common Wall
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Property Available on 6/15/25
  • 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: 2025-06-15
  • Lease Amount: 1299
  • 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/4637/501-madison-avenue-apt-311-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: 700
  • 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/4637/501-madison-avenue-apt-311-indianapolis-in-46225
  • Accessibility Features YN: No
  • Floor Number: 3
  • Lifestyles: Flat
  • F H A Certified: No
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Basement: No
  • Appliances: Common Laundry, Electric Cooktop, Dishwasher, Microwave, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Kitchen Island, Paddle Fan, Hardwood Floors
  • Living Area: 700
  • Main Level Bedrooms: 1
  • Owner Pays: No Utilities
  • Eating Area: Dining Combo/Great Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 700
  • 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: 1299

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached
  • Garage Parking Other: Shared Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • 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: 2498

Tax Info

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

Range of Values:

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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 Change Sq Ft Price
08/20/2025 08/20/25 Rented $1,299 0.0% --
07/22/2025 07/22/25 Under Contract -- -- --
06/02/2025 06/02/25 For Rent $1,299 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22042467

MIBOR Broker Listing Cooperative®