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  • Price cut: $9.1K (6/21)
    $389,900

    735 Elm St, Indianapolis, IN 46203

    3beds
    1,744sqft
    : 
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    Residential, Single Family Residence
    Built in 1921
    3,920 Square Feet Lot
    $-- Zestimate®
    $224/sqft
    $-- HOA

    What's special

    Modern updatesHistoric characterHistoric charmDetached two-car garageModern comfortCharacter-filled homeRare extra lot
    Charming Fletcher Place home with rare extra lot + 2-car garage near the Cultural Trail! Ideally located just off College & Elm in one of downtown Indianapolis' most sought-after historic neighborhoods, this beautifully maintained home offers the perfect blend of historic character, modern updates, and an unbeatable location. Enjoy being just around the corner from the Cultural Trail, Bluebeard, Amelia's Bakery, Calvin Fletcher's Coffee, and all of the dining, coffee shops, and entertainment that Fletcher Place, Fountain Square, and downtown Indy have to offer. This inviting home features 3 bedrooms, 2 baths, and 1,700+ total square feet filled with warmth and original charm. Inside, you'll find a light-filled interior with fresh paint, updated lighting, and thoughtful improvements throughout that make the home truly move-in ready while preserving its historic appeal. One of the property's most exceptional features is the rare included side lot, offering incredible flexibility for outdoor entertaining, gardening, pets, future expansion, or simply enjoying extra green space - a true luxury in the downtown market. The detached two-car garage provides convenient off-street parking and additional storage, another hard-to-find amenity in this location. Recent updates include interior and exterior paint, new light fixtures, new window blinds, updated faucets, a new washer and dryer, and a new furnace (see full updates list in supplements). This is a unique opportunity to own a character-filled home with additional land in the heart of Fletcher Place - combining historic charm, modern comfort, and an unbeatable urban lifestyle. (Seller is a licensed real estate broker.)
    148 days
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    880
    |
    54
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    Zillow last checked:

    Listing updated:

    Listed by:

    Susan Batchelder 812-322-0320,

    Venture Lane Properties

    Source: MIBOR as distributed by MLS GRID,MLS#: 22083423MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      • Main level bathrooms: 1
      Primary bedroom
      • Level: Upper
      • Area: 144 Square Feet
      • Dimensions: 12X12
      Bedroom 2
      • Level: Upper
      • Area: 117 Square Feet
      • Dimensions: 13X9
      Bedroom 3
      • Level: Upper
      • Area: 110 Square Feet
      • Dimensions: 11X10
      Breakfast room
      • Level: Main
      • Area: 86.4 Square Feet
      • Dimensions: 10.8X8
      Dining room
      • Level: Main
      • Area: 224.4 Square Feet
      • Dimensions: 18.7X12
      Kitchen
      • Level: Main
      • Area: 88 Square Feet
      • Dimensions: 11X8
      Living room
      • Level: Main
      • Area: 156 Square Feet
      • Dimensions: 13X12
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Microwave, Electric Oven, Range Hood, Refrigerator, Washer, Water Heater
      Features
      • Hardwood Floors, High Speed Internet, Smart Thermostat
      • Flooring: Hardwood
      • Has basement: Yes
      Interior area
      • Total structure area: 1,744
      • Total interior livable area: 1,744 sqft
      • Finished area below ground: 39

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 3,920 Square Feet
      Details
      • Parcel number: 491112236083000101
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Residential, Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Block
      Condition
      • New construction: No
      • Year built: 1921

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Subdivision: Fletcher Place
      HOA
      • Has HOA: No
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $224/sqft
      • Tax assessed value: $297,400
      • Annual tax amount: $3,068
      • Date on market: 2/10/2026
      • Cumulative days on market: 76 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/21/2026Price change$389,900-2.3%$224/sqft
        Source: MIBOR as distributed by MLS GRID #22083423 Report a problem
        6/17/2026Listed for sale$399,000$229/sqft
        Source: MIBOR as distributed by MLS GRID #22083423 Report a problem
        4/4/2026Pending sale$399,000$229/sqft
        Source: MIBOR as distributed by MLS GRID #22083423 Report a problem
        3/21/2026Price change$399,000-6.8%$229/sqft
        Source: MIBOR as distributed by MLS GRID #22083423 Report a problem
        2/10/2026Listed for sale$427,900+24%$245/sqft
        Source: MIBOR as distributed by MLS GRID #22083423 Report a problem
        3/5/2021Sold$345,000+7.8%$198/sqft
        Source: MIBOR as distributed by MLS GRID #21764659 Report a problem
        3/30/2020Listing removed$319,900$183/sqft
        Source: CENTURY 21 Scheetz #21687578 Report a problem
        3/2/2020Price change$319,900-1.6%$183/sqft
        Source: CENTURY 21 Scheetz #21687578 Report a problem
        1/6/2020Listed for sale$325,000$186/sqft
        Source: MIBOR REALTOR Association #21687578 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,067 -11.3%$297,400 +15.4%
        2024$3,456 -0.3%$257,800 -11.5%
        2023$3,468 +67.4%$291,300 +0.3%
        2022$2,072 +13.6%$290,300 +60.4%
        2021$1,824 -15.4%$181,000 +13.3%
        2020$2,156 +9.6%$159,800 -13.2%
        2019$1,967 +14.4%$184,100 +10%
        2018$1,719 +5.2%$167,400 +4.7%
        2017$1,635 +2.3%$159,900 +5.1%
        2016$1,598 +2.2%$152,200 +3.8%
        2014$1,564 +10.9%$146,600 +10%
        2013$1,411 $133,300 -4.6%
        2012$1,411 $139,700 +11.4%
        2011-- $125,400
        2010$1,291 -1.6%$125,400
        2009$1,312 $125,400 -2.8%
        2007-- $129,000 -19.9%
        2006-- $161,100 +246.5%
        2005-- $46,500
        2004-- $46,500
        2003-- $46,500 +137.2%
        2002-- $19,600 +199.7%
        2001-- $6,540
        2000-- $6,540

        Find assessor info on the county website

        Monthly payment

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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.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        91 / 100
        Walker's Paradise
        54 / 100
        Good Transit
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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