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1317 Wallace Avenue

Indianapolis, IN 46201

ActiveListed Aug 29, 2026 · 47 days on market

Key facts

Beds
3
Baths
1 full · 1 half
Living area
1,727 sqft
Lot
0.13 acres
Year built
1926
Type
Residential · Single Family Residence
Stories
Two
Garage
1 space
MLS #
22122424
County
Marion
Subdivision
Emerleigh
Total building area
2,167 sqft

About this home

Charming 3 bedroom, 1 1/2 bathroom bungalow, located in quiet, Little Flower neighborhood. Main level includes kitchen, dining room, living room, 2 bedrooms and large family room area. Beautiful hardwood floors. Kitchen has been completely updated, including new cabinets, recessed lighting, butcherblock counter tops, and laminate wood flooring. Brand new, 24" portable dishwasher available for buyer. Upstairs offers multiple options, with bedroom and bonus room, as well as extra storage space, including cedar closet. Fenced in back yard has open patio, as well as covered porch and storage shed. Conveniently located just minutes from Irvington and Ellenberger Park, with easy access to interstates and downtown Indianapolis.

Description provided by the listing brokerage.

Interior

Appliances
DryerDisposalGas Water HeaterMicrowaveOvenGas OvenRefrigerator
Interior features
Built-in Features
Kitchen
Kitchen Updated
Flooring
Hardwood
Basement
DaylightUnfinished
Fireplaces
1
Fireplace type
Living Room
Laundry
In Basement
Rooms
8
Main-level bedrooms
2

Exterior

Exterior features
Storage Shed
Patio and porch
CoveredPatio
Construction
Wood Siding
Foundation
Block
Style
Bungalow
Parking and garage
On Street
Fencing
Full

Systems

Heating
Gas
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedWater Connected

Lot and HOA

Lot features
City LotSidewalksStorm SewerStreet LightsMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,564 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,343per month, estimated
Principal and interest $1,134Property tax $130Insurance $79
20% · $45,000
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$225,000
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