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261 E Minnesota Street

Indianapolis, IN 46225

ActiveListed Jul 8, 2026 · 106 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,342 sqft
Lot
0.1 acres
Year built
1900
Type
Residential · Single Family Residence
Stories
One
MLS #
22110932
County
Marion
Subdivision
Kappes & Franks South
Total building area
1,567 sqft

About this home

Turnkey and rental-ready in the heart of historic Bates-Hendricks, this updated 3-bedroom, 2-bath home offers an excellent opportunity for an investor, short-term rental operator, or owner-occupant looking for a move-in-ready property near Downtown Indianapolis. The extensively renovated interior features new flooring throughout, fresh paint, updated lighting, new countertops and backsplash, a center island, updated bathroom vanities, and a remodeled primary en-suite with a walk-in shower. Outside, recent improvements include a new concrete sidewalk, spacious back patio, and fresh landscaping-creating an inviting outdoor space with minimal upfront work for the next owner. Ideally positioned just minutes from Fountain Square, Lucas Oil Stadium, Gainbridge Fieldhouse, the Indiana Convention Center, Eli Lilly, Mass Ave and the heart of Downtown Indianapolis, the location provides convenient access to some of the city's largest employment, entertainment, dining and event destinations. Whether added to a long-term rental portfolio, positioned as a furnished or short-term rental, or enjoyed as a primary residence, this property combines extensive updates, a flexible 3-bedroom layout and a highly convenient urban location.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric Water HeaterDisposalMicrowaveElectric OvenRefrigerator
Interior features
Attic AccessHigh CeilingsKitchen IslandEntrance FoyerEat-in Kitchen
Kitchen
Kitchen Updated
Basement
Unfinished
Laundry
Main Level
Rooms
7
Main-level bedrooms
3
Condition
Updated/Remodeled

Exterior

Construction
Wood Siding
Foundation
Block
Style
Ranch
Fencing
FullPrivacy

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,830 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,718per month, estimated
Principal and interest $1,386Property tax $236Insurance $96
20% · $55,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$275,000
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