Step into one of Indianapolis's most promising transformation zones. This blank-canvas parcel at 557 Lynn Street (ZIP 46222) sits quietly today - but its potential resonates. Just minutes from downtown, enveloped in neighborhoods primed for reinvestment, and within the reach of city programs like Vacant to Vibrant, this lot offers developers the rare chance to insert value from day one.
Active
$25,500
557 Lynn St, Indianapolis, IN 46222
--beds
--baths
4,356Square Feet
Unimproved Land, Residential Lots
Built in ----
4,356 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Blank-canvas parcelEnveloped in neighborhoods
- 292 days |
- 11 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Tonya Burton 317-850-2581,
eXp Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22064873
Facts & features
Property
Lot
- Size: 4,356 Square Feet
- Features: City
- Topography: Cleared,Level
Details
- Parcel number: 491103111082000101
- Zoning: D5
- Zoning description: Single Family
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: Merritt Place
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $3,300
- Annual tax amount: $78
- Date on market: 9/25/2025
- Cumulative days on market: 294 days
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Price change | $25,500-15% |
Source:  MIBOR as distributed by MLS GRID #22064873 Report a problem | ||
| 9/25/2025 | Listed for sale | $29,999 |
Source: MIBOR as distributed by MLS GRID #22064873 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $78 -14.4% | $3,300 |
| 2024 | $92 -0.2% | $3,300 |
| 2023 | $92 -6.3% | $3,300 |
| 2022 | $98 +0.2% | $3,300 |
| 2021 | $98 -1.8% | $3,300 |
| 2020 | $99 -3% | $3,300 |
| 2019 | $103 +46.4% | $3,300 |
| 2018 | $70 +2.2% | $3,300 |
| 2017 | $69 -5.7% | $3,300 |
| 2016 | $73 +1.9% | $3,300 |
| 2014 | $71 -3.6% | $3,300 |
| 2013 | $74 | $3,300 |
| 2012 | $74 | $3,300 -49.2% |
| 2011 | -- | $6,500 |
| 2010 | $135 -2.5% | $6,500 |
| 2009 | $139 | $6,500 |
| 2007 | -- | $6,500 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Near Westside
Nearby schools
GreatSchools rating
- 4/10Ernie Pyle School 90Grades: PK-5Distance: 1.4 mi
- 4/10William Penn School 49Grades: 6-8Distance: 1.5 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 0.8 mi
- $135,0003 bd2 ba920 sqft561 Lynn St, Indianapolis, IN 46222Sold
- $66,3002 bd-- ba602 sqft553 Lynn St, Indianapolis, IN 46222Off Market
- $38,700-- bd-- ba1.2k sqft569 Lynn St, Indianapolis, IN 46222Off Market
- $3,3003 bd-- ba1.2k sqft549 Lynn St, Indianapolis, IN 46222Off Market
- $65,6003 bd-- ba1.1k sqft547 Lynn St, Indianapolis, IN 46222Off Market
- $67,1003 bd1 ba650 sqft573 Lynn St, Indianapolis, IN 46222Off Market
- $100,8002 bd-- ba1k sqft556 Lynn St, Indianapolis, IN 46222Off Market
- $3,300-- bd-- ba-- sqft560 Lynn St, Indianapolis, IN 46222Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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