Owners had added another 3.3-acre tax parcel to this home since it was last on the market! That additional acreage has a hard-to-find barn in good condition. True needle-in-a-haystack opportunity-5.24 acres inside the I-465 loop with charming 150-year-old farmhouse, historic character, and endless possibilities. Step onto the welcoming wraparound porch and a home filled with craftsmanship that's nearly impossible to find today. Original woodwork, soaring ceilings, transom windows, stained glass, and spacious rooms create a warm, inviting atmosphere rich with history. The large attic offers excellent storage and exciting potential for future finished living space. Outside, you'll discover a peaceful retreat that feels worlds away from the city. Mature walnut, hackberry, and maple trees provide beauty and shade, while the growing fields and native prairie attract birds, butterflies, dragonflies, fireflies, and other wildlife. Enjoy sunrise coffee on the porch, host family and friends in the barn, or simply relax and take in the surroundings. The back porch and adjacent laundry room make the perfect transition after a day spent outdoors. Continue legacy of the current owners as a working urban vegetable and flower farm, or bring your own vision to life. With no HOA, the possibilities are endless-create a wood-fired pizza farm where guests gather picnic-style to enjoy pizzas topped with produce grown just steps away, pair it with a U-pick flower farm, or fence a portion of the property for animals to create an unforgettable destination for families. Existing chicken house stays! Whether dreaming of a hobby farm, agritourism business, event venue, or simply a private country retreat with room to roam, opportunities like this are exceptionally rare-especially in such a convenient location. Sale includes a total of 5.35 acres across three tax parcels: 490513117008000600, 4905131100100600, and 490513117009000600. Please include all three parcels with any offer.
Active
Price cut: $44.1K (8/21)
$649,900
5545 W 46th St, Indianapolis, IN 46254
4beds
3,276sqft
Residential, Single Family Residence
Built in 1872
5.35 Acres Lot
$-- Zestimate®
$198/sqft
$-- HOA
What's special
Existing chicken house staysOriginal woodworkHome filled with craftsmanshipTransom windowsWelcoming wraparound porchSoaring ceilingsSpacious rooms
- 41 days
- 1,309
- 97
Zillow last checked:
Listing updated:
Listed by:
Kelly Schuler 260-591-0085,
CENTURY 21 Scheetz
Source: MIBOR as distributed by MLS GRID,MLS#: 22107875
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Bedroom 2
- Level: Upper
- Area: 342 Square Feet
- Dimensions: 19x18
Bedroom 3
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 15x16
Bedroom 4
- Level: Upper
- Area: 196 Square Feet
- Dimensions: 14x14
Other
- Level: Upper
- Area: 288 Square Feet
- Dimensions: 18x16
Dining room
- Level: Main
- Area: 270 Square Feet
- Dimensions: 18x15
Foyer
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15x14
Kitchen
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Laundry
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Library
- Level: Main
- Area: 288 Square Feet
- Dimensions: 18x16
Living room
- Level: Main
- Area: 342 Square Feet
- Dimensions: 19x18
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Gas Oven, Refrigerator, Washer, Water Heater, Water Softener Owned
Features
- Attic Stairway, Built-in Features, High Speed Internet, Wired for Sound
- Windows: Wood Work Stained
- Has basement: Yes
- Attic: Permanent Stairs
Interior area
- Total structure area: 3,276
- Total interior livable area: 3,276 sqft
- Finished area below ground: 0
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Wrap Around
Lot
- Size: 5.35 Acres
- Features: Not In Subdivision, Mature Trees
Details
- Additional parcels included: 490513117009000600
- Parcel number: 490513117008000600
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Block, Stone
Condition
- New construction: No
- Year built: 1872
Utilities & green energy
- Water: Public, Private
Community & HOA
Community
- Subdivision: Subdivision Not Available See Legal
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $198/sqft
- Tax assessed value: $281,900
- Annual tax amount: $6,906
- Date on market: 7/23/2026
- Cumulative days on market: 43 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $649,900-6.4%$198/sqft |
Source: | ||
| 7/23/2026 | Listed for sale | $694,000$212/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,566 +6.8% | $281,900 +25.8% |
| 2024 | $2,402 +11.4% | $224,100 -3.3% |
| 2023 | $2,157 +1.7% | $231,800 +14.5% |
| 2022 | $2,121 +19.6% | $202,400 +2.9% |
| 2021 | $1,773 +10.7% | $196,700 +21.4% |
| 2020 | $1,602 +0.3% | $162,000 +11.7% |
| 2019 | $1,597 -1.5% | $145,000 +0.7% |
| 2018 | $1,621 -4% | $144,000 +0.6% |
| 2017 | $1,688 +9.6% | $143,100 +3.5% |
| 2016 | $1,541 +6.8% | $138,200 +4.9% |
| 2014 | $1,443 +10.9% | $131,700 |
| 2013 | $1,301 | $131,700 +1.2% |
| 2012 | $1,301 | $130,200 +3.5% |
| 2011 | -- | $125,800 -1.3% |
| 2010 | $1,079 +10.6% | $127,500 +4.9% |
| 2009 | $976 | $121,600 |
Find assessor info on the county website
Monthly payment
Est. payment





