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  • Price cut: $44.1K (8/21)
    $649,900

    5545 W 46th St, Indianapolis, IN 46254

    4beds
    3,276sqft
    : 
    $4,376/mo
    Get pre-qualified
    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
    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.
    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#: 22107875MLS Logo

      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

        DateEventPrice
        8/21/2026Price change$649,900-6.4%$198/sqft
        Source: MIBOR as distributed by MLS GRID #22107875 Report a problem
        7/23/2026Listed for sale$694,000$212/sqft
        Source: MIBOR as distributed by MLS GRID #22107875 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
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        Climate risks

        Neighborhood: North High School

        Getting around

        32 / 100
        Car-Dependent
        27 / 100
        Some Transit
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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