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25 E 40th Street #5A

Indianapolis, IN 46205

ActiveListed Oct 9, 2026 · 1 day on market

Key facts

Beds
2
Baths
2 full
Living area
1,448 sqft
Year built
1965
Type
Residential · Condominium
Stories
One
Garage
1 space
MLS #
22128533
County
Marion
Subdivision
The Modern

About this home

Welcome to Unit 5A at The Modern, showcasing a fully renovated residence with contemporary design. Every inch of this home has been reimagined with clean lines, modern finishes, stunning new flooring throughout, and an open-concept layout that makes it easy to live and entertain. The kitchen is the centerpiece of the home featuring a waterfall-edge island, quartz countertops, sleek cabinetry, stainless steel appliances, and plenty of counter space. The kitchen flows into the living area, where a newly added gas fireplace sets a warm, inviting tone. Step out onto your private balcony to enjoy your morning coffee or unwind at the end of the day. The spacious primary suite offers a true retreat, with ample closet space and a private ensuite bathroom. A second generously sized bedroom and a stylish guest bathroom work well for family, friends, guests, or a home office. Living at The Modern means convenience at every turn. HOA dues cover heating, cooling, water, and trash, and the unit includes one garage parking spot. Residents enjoy a secured building, a fitness center, and an outdoor pool. Just minutes from everything downtown Indianapolis has to offer with dining, shopping, and entertainment.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerDisposalMicrowaveOvenRange HoodRefrigeratorWasherWater Heater
Interior features
Built-in FeaturesKitchen IslandHi-Speed Internet AvailblSmart Thermostat
Kitchen
Kitchen Updated
Other rooms and areas
Bedroom Other on Main
Flooring
Hardwood
Fireplaces
1
Fireplace type
Family RoomGas Starter
Rooms
5
Main-level bedrooms
2

Exterior

Exterior features
Balcony
Construction
Stone
Foundation
Slab
Style
Contemporary
Parking and garage
AssignedAttachedCommon
Other equipment
Smoke Alarm

Systems

Heating
Forced AirGasHot Water
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$794 / monthly
Lot features
SidewalksStorm Sewer
Community
Fitness CenterPoolSidewalksStreet Lights
HOA fee includes
Association Home OwnersCommon CoolingCommon HeatExercise RoomMaintenance GroundsManagementSecuritySnow RemovalTrash
HOA amenities
Elevator(s)Exercise CourseFitness CenterMaintenance GroundsManagementPoolSecuritySnow RemovalTrash

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,416 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,342per month, estimated
Principal and interest $1,260Property tax $201Insurance $87HOA $794
20% · $49,980
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$249,900
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