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Off market
  • Zillow Home logoZestimate®
    $313,100

    1518 E 87th St, Indianapolis, IN 46240

    3beds
    1,434sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $313,100 Zestimate®
    $218/sqft
    $1,839 Estimated rent

    Home value

    $313,100

    $288,000 - $338,000

    $1,839/mo

    Zestimate® history
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    What's special

    Mature treesLarge front yardFull-bath near the bedrooms

    This property is a 3 bedroom ranch house built in 1956 (new roof in 2025) with mature trees and a large front yard. The backyard has room for gatherings of friends or family. Full-bath near the bedrooms and a half-bath near the kitchen and separate dining room. Recent kitchen appliances (flat-top range, refrigerator, microwave, dishwasher), a small laundry area with washer and new dryer and a non-wood-burning fireplace (gas) in the living room. The house is close to shopping (Whole Foods, Aldi, Kroger, Total Wine, Marshalls, Nordstrom Rack, etc.) and several restaurants, both fine dining and fast food as well as neighborhood pubs and takeouts. Not far away are major streets and access to interstate highways. The house is on a dead-end street that provides a peaceful and quiet home with friendly neighbors. There is an attached garage that provides entry into the house. The lease is for 12 months, with possible renewal at the end of 12 months. The tenant pays utility bills (gas, electric, recycling if desired). While renters' insurance is not required, tenants are encouraged to have it. No smoking is allowed on the property. Tenants are required to replace the furnace filter every six months, use RidX for the septic system, and put salt in the water softener system on a monthly basis (there is a well on the property). Cleaning gutters, mowing the lawn (the property is almost half an acre) keeping the shrubbrey and weeds managable and removing snow from sidewalks and driveway are the tenant's responsibility. While renter's insurance is not required, the tenants are encouraged to have it.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Central, Fireplace, Forced Air, Natural Gas
    Cooling
    • Air Conditioner, Central Air
    Appliances
    • Included: Dishwasher, Microwave Oven, Oven, Refrigerator
    • Laundry: In Unit
    Features
    • Flooring: Hardwood, Tile
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,434 sqft

    Property

    Parking
    • Parking features: Attached, Garage
    • Has attached garage: Yes
    • Details: Contact manager
    Details
    • Additional structures: Garage(s), Shed(s)
    • Parcel number: 490313122015000800

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence

    Utilities & green energy

    • Utilities for property: Gas

    Community & HOA

    Community
    • Deposit fee: $1,800
    HOA
    • Amenities included: Gas
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $218/sqft
    • Tax assessed value: $282,500
    • Annual tax amount: $6,535
    • Date on market: 7/14/2026
    • Date available: 07/15/2026
    • Lease term: 1 Year

    Price history

    DateEventPrice
    7/23/2026Listing removed$1,800$1/sqft
    Source: Zillow Rentals Report a problem
    7/14/2026Listed for rent$1,800$1/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,535 +0%$282,500 +9.8%
    2024$6,533 +11.1%$257,400
    2023$5,879 +1.1%$257,400 +12.4%
    2022$5,816 +11.6%$229,100 +3.3%
    2021$5,209 +11.5%$221,700 +5.7%
    2020$4,673 +6.3%$209,700 +4.9%
    2019$4,397 +1.3%$200,000 +3.9%
    2018$4,339 +10.9%$192,500 +0.9%
    2017$3,913 +7.8%$190,800 +5.7%
    2016$3,631 -4.5%$180,500 -2.1%
    2014$3,801 +29.3%$184,400 +6.1%
    2013$2,940 $173,800 +19.2%
    2012$2,940 $145,800 +7.4%
    2011-- $135,700
    2010$2,598 +7.5%$135,700 -1.6%
    2009$2,417 $137,900 -2.1%
    2007-- $140,900 +588.7%
    2000-- $20,460
    Find assessor info on the county website

    Neighborhood: Nora-Far Northside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $313,100
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    Estimated market value
    $313,100