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Active
  • Price cut: $15K (6/5)
    $324,900

    1542 S Alabama St, Indianapolis, IN 46225

    4beds
    2,899sqft
    : 
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    Residential, Single Family Residence
    Built in 1900
    5,227 Square Feet Lot
    $-- Zestimate®
    $112/sqft
    $-- HOA

    What's special

    Gated rear accessMain-level primary suiteStunning ensuite bath
    Seller Financing Available! No traditional bank approval required. Buyers must provide a down payment and proof of income. Terms, including interest rate and repayment schedule, will be determined based on the buyer's qualifications and down payment. Don't miss this excellent opportunity in the heart of the historic Bates-Hendricks neighborhood! Located in the heart of the highly sought-after Bates-Hendricks neighborhood, this beautifully appointed 2-story home offers the perfect blend of historic charm, modern comfort, and unbeatable convenience to downtown Indianapolis. Featuring over 2,300 square feet of living space, this spacious residence includes 4 bedrooms and 3 full bathrooms, plus a half-bathroom on the main level, designed for comfortable living and entertaining. The main-level primary suite provides exceptional convenience and privacy, complete with a stunning ensuite bath that creates the perfect retreat. Upstairs, you'll find two generously sized bedrooms, each offering their own private full bathroom - ideal for room mates, guests, family members, or multi-generational living. Step outside to enjoy the large private wooden rear deck overlooking the fenced backyard with a wooden privacy fence, providing a secure space for children or fur babies to play. The detached 2-car garage includes built-in shelving and a workbench for the DIYer, while the gated rear access adds both convenience and security. Enjoy one of Indianapolis' most desirable urban lifestyles with an approximately 8-minute bike ride to Eli Lilly and Company World Headquarters and only minutes from Monument Circle and all that downtown Indianapolis has to offer. Don't miss this rare opportunity to own a beautiful home in one of Indianapolis' most historic and vibrant neighborhoods!
    61 days
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    343
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    33
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    Zillow last checked:

    Listing updated:

    Listed by:

    Fred McIntire 317-965-8034,

    Keller Williams Indy Metro Partners

    Source: MIBOR as distributed by MLS GRID,MLS#: 22102598MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Main
      • Area: 231 Square Feet
      • Dimensions: 11x21
      Bedroom 2
      • Level: Main
      • Area: 110 Square Feet
      • Dimensions: 11x10
      Bedroom 3
      • Level: Upper
      • Area: 176 Square Feet
      • Dimensions: 16x11
      Bedroom 4
      • Level: Upper
      • Area: 210 Square Feet
      • Dimensions: 14x15
      Dining room
      • Level: Main
      • Area: 169 Square Feet
      • Dimensions: 13x13
      Kitchen
      • Level: Main
      • Area: 169 Square Feet
      • Dimensions: 13x13
      Living room
      • Level: Main
      • Area: 182 Square Feet
      • Dimensions: 13x14
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Water Heater, Disposal, Microwave, Gas Oven, Refrigerator, Washer, Water Heater
      • Laundry: In Unit, Laundry Closet
      Features
      • Walk-In Closet(s)
      • Basement: Unfinished
      Interior area
      • Total structure area: 2,899
      • Total interior livable area: 2,899 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck
      Lot
      • Size: 5,227 Square Feet
      Details
      • Parcel number: 491113162007000101
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman
      • Property subtype: Residential, Single Family Residence
      Materials
      • Vinyl With Stone
      • Foundation: Partial
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Subdivision: Woodruff Sub Morris Add
      HOA
      • Has HOA: No
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $112/sqft
      • Tax assessed value: $406,100
      • Annual tax amount: $3,324
      • Date on market: 5/17/2026
      • Cumulative days on market: 65 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/5/2026Price change$324,900-4.4%$112/sqft
        Source: MIBOR as distributed by MLS GRID #22102598 Report a problem
        5/17/2026Listed for sale$339,900-11.9%$117/sqft
        Source: MIBOR as distributed by MLS GRID #22102598 Report a problem
        10/1/2025Listing removed$385,900$133/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        6/5/2025Price change$385,900-0.3%$133/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        5/21/2025Price change$386,900-0.3%$133/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        5/14/2025Price change$387,900-0.3%$134/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        5/6/2025Price change$388,900-0.3%$134/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        3/27/2025Price change$389,900-2.5%$134/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        2/12/2025Price change$399,900-3.6%$138/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        1/29/2025Price change$414,900-2.1%$143/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        1/14/2025Price change$424,000-1.2%$146/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        12/17/2024Price change$429,000-3.6%$148/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        11/16/2024Listed for sale$445,000+217.9%$154/sqft
        Source: MIBOR as distributed by MLS GRID #22011748 Report a problem
        8/30/2023Sold$140,000$48/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,325 +135.4%$406,100 +189.9%
        2024$1,412 +1.8%$140,100 +4.1%
        2023$1,387 +7.4%$134,600 +5.4%
        2022$1,291 +21%$127,700 +8.3%
        2021$1,067 +179.7%$117,900 +10.9%
        2020$382 +13.8%$106,300 +73.1%
        2019$335 +25%$61,400 +13.5%
        2018$268 -40.1%$54,100 +18.4%
        2017$448 +65.1%$45,700
        2016$271 +12.7%$45,700 +2.7%
        2014$241 -11.3%$44,500 +2.1%
        2013$271 $43,600 -0.9%
        2012$271 $44,000 +0.7%
        2011-- $43,700
        2010$251 +11.4%$43,700
        2009$225 $43,700 -9.9%
        2007-- $48,500 -25.8%
        2006-- $65,400 +59.9%
        2005-- $40,900
        2004-- $40,900
        2003-- $40,900 +91.1%
        2002-- $21,400 +200.1%
        2001-- $7,130 +0.4%
        2000-- $7,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Near Southside

        Getting around

        56 / 100
        Somewhat Walkable
        36 / 100
        Some Transit
        61 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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