28 40th St
Indianapolis, IN 46205
3 bd 2 ba 2,592 sqft Built 1925 Lot 5,000 sqft single_family
Most recent sale
$285,000
Jun 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 30, 2025 | Listing removed | $179,900 | MIBOR |
| Jun 14, 2022 | Sold | $285,000 | Public Record |
| Jun 1, 2022 | Sold | $285,000 | MIBOR |
| Apr 29, 2022 | Listed | $289,900 | MLS #21851763 |
| Apr 7, 2021 | Price changed | $324,500 | MLS #21756486 |
| Jan 20, 2021 | Price changed | $334,900 | MLS #21756486 |
| Dec 28, 2020 | Price changed | $344,900 | MLS #21756486 |
| Dec 9, 2020 | Price changed | $349,900 | MLS #21756486 |
| Dec 8, 2020 | Listed | $3,499,900 | MLS #21756486 |
| May 25, 2005 | Sold | $237,009 | Public Record |
| May 13, 2002 | Sold | $233,415 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $256,400 | $25,800 | $282,200 | $3,155 |
| 2024 | $223,500 | $25,800 | $249,300 | $3,051 |
| 2023 | $223,500 | $25,800 | $249,300 | $3,030 |
| 2022 | $215,500 | $31,200 | $246,700 | $3,268 |
| 2021 | $215,500 | $31,200 | $246,700 | $2,944 |
| 2020 | $189,400 | $31,200 | $220,600 | $2,639 |
| 2019 | $189,400 | $31,200 | $220,600 | $2,688 |
| 2018 | $212,900 | $31,200 | $244,100 | $3,003 |
| 2017 | $210,900 | $31,200 | $242,100 | $2,652 |
| 2016 | $203,600 | $31,200 | $234,800 | $2,517 |
| 2015 | $211,700 | $31,200 | $242,900 | $2,674 |
| 2014 | $254,900 | $31,200 | $286,100 | $3,101 |
| 2013 | $160,000 | $31,200 | $191,200 | $1,982 |
| 2012 | $161,200 | $31,200 | $192,400 | $2,141 |
| 2011 | $140,100 | $21,600 | $161,700 | $3,362 |
| 2010 | $140,100 | $21,600 | $161,700 | $3,544 |
| 2008 | $144,700 | $21,600 | $166,300 | $4,801 |
| 2006 | $163,100 | $21,600 | $184,700 | $1,335 |
Property facts
Year built
1925
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,592 sqft
Lot size
5,000 sqft
ZIP code
46205
City
Indianapolis
Street
40th St
Coordinates
39.82869, -86.15525
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,710
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 28 40th St last sell?
28 40th St most recently sold on Jun 14, 2022 for $285,000.
What is the current tax assessment for 28 40th St?
The most recent total assessment for 28 40th St (year 2025) is $282,200 with $3,155 in property tax.
How does 28 40th St's assessment compare to its last sale price?
The current assessment is 1.0% below the last sale price of $285,000.
When was 28 40th St built?
28 40th St was built in 1925.
How does 28 40th St compare to others on 40th St?
We track 8 other properties on 40th St. Browse the list under "Other properties on 40th St" to compare beds, baths, and sale history.
What are the property facts for 28 40th St?
28 40th St is a 3 bed, 2 bath, 2,592 sqft, 5,000 sqft lot single_family.
Is 28 40th St a flip candidate?
No — 28 40th St does not appear in our flips dataset.
Is 28 40th St a tax-appeal candidate?
No — 28 40th St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.0%
Implied 1-yr
+12.1%
2026 Q3
$406.4K
2026 Q4
$416.7K
ZIP 46205 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 40th St