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40 S Chester Avenue

Indianapolis, IN 46201

ActiveListed Jul 13, 2026 · 99 days on market

Key facts

Beds
4
Baths
1 full
Living area
1,540 sqft
Lot
0.12 acres
Year built
1910
Type
Residential · Single Family Residence
Stories
Two
Garage
1 space
MLS #
22113736
County
Marion
Subdivision
No Subdivision
Total building area
2,620 sqft

About this home

This 4-bedroom, 1-bathroom single-family home features a detached one-car garage with convenient alley access and is currently tenant-occupied, providing immediate rental income. The home offers a functional layout with a formal living room, separate dining room, and a kitchen featuring an eat-in area and breakfast room. Two bedrooms are located on the main level, with two additional bedrooms upstairs, providing flexible living space. Please note that the second floor does not have central heating or air conditioning. Outside, you'll find a covered front porch, a fenced front yard, and a spacious backyard. Whether you're looking to expand your investment portfolio or purchase a property with value-add potential, this home offers strong upside in a convenient Indianapolis location.

Description provided by the listing brokerage.

Interior

Interior features
Eat-in Kitchen
Flooring
Hardwood
Basement
Unfinished
Rooms
8
Main-level bedrooms
2

Exterior

Patio and porch
Covered
Construction
Vinyl With Brick
Foundation
Concrete Perimeter
Style
Traditional
Parking and garage
Detached

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,640 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$835per month, estimated
Principal and interest $575Property tax $220Insurance $40
20% · $22,800
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$114,000
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