INVESTOR & BUILDER OPPORTUNITY IN DREXEL GARDENS! Great opportunity to own two adjoining, already separated lots with flexible building potential-perfect for building one or two homes. One lot previously had a home and is connected to city utilities, giving future construction a head start. The property includes an open shed for storage and a carport, adding immediate functionality. Conveniently located with easy access to major highways and key Indianapolis destinations. Buyer to verify zoning, permitted uses, and utility details. Schedule your showing today!
Sold
$24,000
4815 Melrose Ave, Indianapolis, IN 46241
--beds
--baths
4,791Square Feet
Unimproved Land, Residential Lots
Built in ----
4,791 Square Feet Lot
$-- Zestimate®
$--/sqft
$1,409 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,409/mo
Zestimate® history
Owner options
List your home for rent
$1,409/mo
Rent Zestimate®
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$1,409/mo
Rent Zestimate®
Refinance and save
$121/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$121/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Preeti Chaggar 510-926-2125,
F.C. Tucker Company
Bought with:
Preeti Chaggar
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22090131
Facts & features
Property
Lot
- Size: 4,791 Square Feet
- Topography: Level
Details
- Additional structures: Other
- Parcel number: 491118113221000900
- Zoning: Residential
- Zoning description: Single Family
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: Drexel Gardens
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $9,800
- Annual tax amount: $287
- Date on market: 3/21/2026
- Cumulative days on market: 97 days
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Sold | $24,000-20% |
Source:  MIBOR as distributed by MLS GRID #22090131 Report a problem | ||
| 6/26/2026 | Pending sale | $30,000 |
Source: MIBOR as distributed by MLS GRID #22090131 Report a problem | ||
| 3/21/2026 | Listed for sale | $30,000+1008.2% |
Source: MIBOR as distributed by MLS GRID #22090131 Report a problem | ||
| 6/21/2011 | Sold | $2,707 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $288 -16.6% | $9,800 -1% |
| 2024 | $345 +5.1% | $9,900 -3.9% |
| 2023 | $328 +176.4% | $10,300 +5.1% |
| 2022 | $119 0% | $9,800 +122.7% |
| 2021 | $119 | $4,400 |
| 2020 | $119 +14.9% | $4,400 |
| 2019 | $103 0% | $4,400 |
| 2018 | $103 +0% | $4,400 |
| 2017 | $103 0% | $4,400 |
| 2016 | $103 +17.5% | $4,400 |
| 2014 | $88 0% | $4,400 |
| 2013 | $88 | $4,400 |
| 2012 | $88 | $4,400 -21.4% |
| 2011 | -- | $5,600 |
| 2010 | $112 | $5,600 |
| 2009 | $112 | $5,600 |
| 2007 | -- | $5,600 |
Find assessor info on the county website
Neighborhood: Park Fletcher
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Nearby schools
GreatSchools rating
- 4/10Maplewood Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 4/10Lynhurst 7th & 8th Grade CenterGrades: 7-8Distance: 1 mi
- NABen Davis Ninth Grade CenterGrades: 9Distance: 4 mi
- Indiana
- Marion County
- Indianapolis
- 46241
- Park Fletcher
- 4815 Melrose Ave
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