#22048567, Hayley Wild, Listing office: Compass Indiana, LLC
Property details
About 425 W 40th St
Rare opportunity to build in the highly sought-after Butler-Tarkington neighborhood! This vacant corner lot on 40th Street, directly adjacent to 3949 Rookwood Avenue, offers a fantastic setting for new construction just minutes from Butler University, Newfields, and the Canal Towpath. Nestled in a vibrant, walkable area filled with charm and redevelopment, the lot is ideally located for homeowners or investors looking to build in a well-established community. Surrounded by mature trees and historic homes, it offers both privacy and access to some of Indianapolis's most beloved amenities. The vacant lot is available separately for $50,000, or it can be purchased as a package with the home and lot at 3947-3949 Rookwood Avenue. This is a rare chance to own two parcels side-by-side, giving you flexibility for expansion, a second build, or a spacious yard or garden. Build your vision in one of Indy's most desirable areas!
Highlights
Home typeResidential Lot
StatusActive
Lot size0.05 Acres
MLS #22048571
Summary
- List Price: $50,000
- Annual Tax Amount: $59
- Tax Year: 2023
- Directions: GPS Friendly
- Lot Size: 0.05 Acres
- MLS Number: 22048571
- MLS Name: MIBOR
- Office Name: Compass Indiana, LLC
- Listing Agent: Hayley Wild
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 7/26/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 25, 2024 | Home Sold | $242,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $2,500 | $59 |
| 2022 | $2,500 | $59 |
| 2021 | $2,500 | $57 |
History based on county public records data.
Nearby schools
4
Louis B Russell Jr School 48
Public Charter KG-6
1.1 mi
•3445 Central Ave
3
Kipp Indy Unite Elementary School
Public Charter KG-5
2.3 mi
•1740 E 30th St
4
Crooked Creek Elementary School
Public District KG-5
2.5 mi
•2150 Kessler Boulevard West Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,949. Residents of Indianapolis, IN typically earn less than $<35k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
53%
<35k
40%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
21%
Single, with Kids
15%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
38%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Extreme Sports
Where do the neighbors shop?
Family Dollar
Big Lots
Sam's Club
Where do the neighbors go to eat?
White Castle
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Oldsmobile
What do the neighbors listen to?
Rock
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 425 W 40th St
The listing price of 425 W 40th St property is $50,000.
The property 425 W 40th St is land located in Indianapolis, Indiana, 46208.
Active Listing: 425 W 40th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 425 W 40th St are: Louis B Russell Jr School 48 (GreatSchools Rating 4/10), Kipp Indy Unite Elementary School (GreatSchools Rating 3/10), Crooked Creek Elementary School (GreatSchools Rating 4/10), James W. Riley Elementary School 43 (GreatSchools Rating 3/10), IPS Butler University Laboratory School 60 (GreatSchools Rating 4/10), Center For Inquiry School 70 (GreatSchools Rating 5/10), Shortridge High School (GreatSchools Rating 2/10), Riverside High School (GreatSchools Rating 5/10), Charles a Tindley Accelerated School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $59 (source: MLS/based on county public records data).
The last sale was on April 25, 2024 for $242,000 (source: MLS/tax record).
The property 425 W 40th St is 0.05 acres.
This home is located at 425 W 40th St in Indianapolis, IN and zip code 46208 in the Columbia Place neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 4, 2025 and is currently priced at $50,000.
In June 2025, from all listings sold in Indianapolis, IN there were more than 266 sold above asking price, over 527 sold below and more than 276 were sold right at the asked price. In June 2025 in Indianapolis, IN there were 0.2% less homes for sale than in May. The median list price of listings available in June 2025 was $251,183, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.