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2540 Madison Avenue, Indianapolis, IN 46225

Here's 2540 Madison Avenue in Indianapolis, IN 46225. This listing is closed, but I can still walk you through the details.

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Front exterior at 2540 Madison Avenue, Indianapolis, INRecently Sold — 2540 Madison Avenue, Indianapolis, IN 462251 / 1

Quick read on the numbers:

$210,000$255,000

Recently Sold
Beds

4

Baths

3

Sq ft

1,376

Built

1886

Acres

0.18

Key things to know

  • Sold 22% below list in 241 days
  • Basement
  • Hoefgens subdivision

From the listing

Welcome to 2540 Madison AVE, Indianapolis, IN. This single-family residence in Marion County presents an opportunity to own a piece of Indianapolis history. The residence offers a generous 1376 square feet of living area, providing ample space to create a comfortable environment. With four bedrooms, this residence provides flexibility to accommodate a variety of lifestyle needs. Two full bathrooms offer convenience and functionality. House totally remodeled in 2025. The property has a substantial 7797 square feet lot area, offering outdoor space for recreation and relaxation. Constructed in 1886, this two-story residence carries the charm of a bygone era. This historic single-family residence awaits your personal touch to transform it into a unique Indianapolis haven.

A few highlights from the feature list:

Interior

Paddle FanEat-in KitchenWood Work Painted

Exterior

Storage Shed

I'll break the details down — open any section that matters.

This home has sold:

Sold

$200,000

-$55,000 below list (-21.6%)

Closed
May 20, 2026
Listed at
$255,000
Sold
1 month ago
Sold in
241 days

Price history

  1. Sold$200,000

    May 20, 2026

  2. Price reduced$220,000 → $210,000

    Apr 7, 2026

  3. Listedat $255,000

    Jul 28, 2025

Hoefgens · activity

past 6 months

Sold
4
Median price
$200,000
Median DOM
143 days

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

  • 2501 Ransdell Street

    $108,000

    2501 Ransdell Street

    3bd · 2ba · 1,104 sqft

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  • 1212 S Senate Avenue

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    1212 S Senate Avenue

    3bd · 3ba · 1,260 sqft

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  • 717 S Illinois Street

    $416,250

    717 S Illinois Street

    3bd · 1ba · 1,448 sqft

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  • 1250 Union Street

    $200,000

    1250 Union Street

    3bd · 2ba · 1,440 sqft

    Sold May 2026

  • 333 Lincoln Street

    $300,000

    333 Lincoln Street

    4bd · 3ba · 1,716 sqft

    Sold Apr 2026

Comparative value

5 comps in this range

This home is right at the median for similar nearby sales.

$108K$416KMedian $200K
$200K

A few places to dig deeper:

Hoefgens Indianapolis Public Schools

MLS# 22052712

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