$254,900
$55K PRICE DROP

Estimated payment $1,574/month

Total Views 44,120
3 Beds
2 Baths
1,822 Sq Ft
$140 Price per Sq Ft

Highlights

  • Updated Kitchen
  • Victorian Architecture
  • No HOA
  • Mature Trees
  • Separate Formal Living Room
  • 4-minute walk to Edna Balz Lacy Park

About This Home

Discover the incredible potential of 747 E McCarty St, a hidden gem nestled in the heart of historic Fletcher Place-one of downtown Indianapolis' few residential neighborhoods. This charming 3-bedroom, 2-bath home boasts solid bones and an unbeatable location, just steps from the lively Virginia Street corridor and only blocks from downtown Fountain Square, where you can enjoy favorites like Chilly Water Brewing, Hotel Tango, and an array of restaurants, shops, and nightlife. With easy walking access to Eli Lilly and a short stroll to the Edna Balz Lacy Family Park, you'll be mere minutes away from downtown Indy's premier attractions, including Gainsbridge Fieldhouse, Lucas Oil Stadium, the convention center, Mass Ave, the Bottleworks District, and four major hospitals. Whether you're an owner-occupant looking for a move-in ready home to make your own, or an investor seeking a relatively turnkey property with significant upside potential-ideal for renovation, flipping, or short- to medium-term furnished rentals-this property is brimming with opportunity. Nestled on a small block among beautifully renovated homes and new builds in progress, 747 E McCarty St offers the perfect canvas to add your personal touch. Whether you choose a light cosmetic refresh or a full to-the-studs transformation, you can turn this well-located home into a modern urban oasis that truly shines in the epicenter of downtown Indy!

Listing Agent

Peter Stewart

Keller Williams Indpls Metro N License #RB15000083 Listed on: 02/25/2025

Keller Williams Indpls Metro N

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Mature Trees

Parking

  • Alley Access

Home Design

  • Victorian Architecture
  • Fixer Upper
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Non-Functioning Fireplace
  • Entrance Foyer
  • Separate Formal Living Room
  • Formal Dining Room
  • Basement
  • Basement Cellar
  • Updated Kitchen
  • Laundry on main level

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Wrap Around Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 491112121088000101

Community Details

Overview

  • No Home Owners Association
  • Greer & Waters Subdivision

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Victorian
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1900
  • Building Area Total: 2215
  • Garage Y N: No
  • Lot Size Acres: 0.12
  • Subdivision Name: Greer & Waters
  • Transaction Type: Sale
  • Website: www.747EMcCarty.com
  • Accessibility Features YN: No
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Cellar
  • Appliances: None
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Non Functional
  • Fireplaces: 1
  • Interior Amenities: Built-in Features, Entrance Foyer
  • Living Area: 1822
  • Spa Y N: No
  • Areas Interior: Living Room Formal
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1036
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 786

Exterior Features

  • Construction Materials: Wood Siding
  • Fencing: Partial
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Wrap Around
  • Pool Private Y N: No
  • Property Condition: Fixer
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Utilities: Cable Available, Natural Gas Connected
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Main Level
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: On Trail, Street Lights, Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 5227
  • Parcel Number: 491112121088000101
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 7608
  • Tax Lot: 41
  • Semi Annual Property Tax Amt: 3804
  • Tax Exemption: None

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $7,676 $330,100 $47,500 $282,600
2023 $7,676 $320,700 $47,500 $273,200
2022 $4,464 $381,500 $47,500 $334,000
2021 $3,933 $167,600 $29,100 $138,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Price Changed $254,900 -5.6% $140 / Sq Ft
08/09/2025 08/09/25 Price Changed $269,900 -3.6% $148 / Sq Ft
07/14/2025 07/14/25 Price Changed $279,900 -3.4% $154 / Sq Ft
05/16/2025 05/16/25 Price Changed $289,900 -3.0% $159 / Sq Ft
03/24/2025 03/24/25 Price Changed $299,000 -3.5% $164 / Sq Ft
02/25/2025 02/25/25 For Sale $309,900 0.0% $170 / Sq Ft
03/01/2022 03/01/22 Rented $1,950 -4.9% --
02/15/2022 02/15/22 Under Contract -- -- --
12/14/2021 12/14/21 For Rent $2,050 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- New Title Company Name
Warranty Deed $150,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Sheriffs Deed $9,961 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,250 New Conventional
Previous Owner $185,000 Commercial
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22020937

MIBOR Broker Listing Cooperative®

APN: 49-11-12-121-088.000-101