540 Dearborn St
Indianapolis, IN 46201
6 bd 1,300 sqft Built 1918 Lot 4,182 sqft multi_family
Most recent sale
$142,875
Aug 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 13, 2024 | Sold | $201,875 | Public Record |
| Aug 12, 2022 | Sold | $142,875 | Public Record |
| Jul 19, 2022 | Sold | $127,000 | MIBOR |
| Apr 22, 2022 | Listed | $124,900 | MLS #21847610 |
| Oct 12, 2020 | Listed for rent | $760 | ShowMojo |
| Nov 18, 2018 | Listing removed | $650 | ShowMojo |
| Nov 7, 2018 | Listed for rent | $650 | ShowMojo |
| Sep 22, 2018 | Listing removed | $650 | ShowMojo |
| Sep 10, 2018 | Sold | $5,000,000 | Public Record |
| Jun 4, 2018 | Listed for rent | $650 | ShowMojo |
| Feb 22, 2018 | Listing removed | $650 | ShowMojo |
| Mar 21, 2017 | Listed for rent | $650 | ShowMojo |
| Apr 14, 2015 | Listing removed | $24,000 | MIBOR |
| Nov 3, 2014 | Listed | $24,000 | MLS #21323656 |
| Nov 15, 2009 | Listing removed | $16,500 | MIBOR |
| Sep 26, 2009 | Price changed | $21,900 | MLS #2941028 |
| Sep 20, 2009 | Price changed | $23,400 | MLS #2941028 |
| Aug 13, 2009 | Listed | $24,900 | MLS #2941028 |
| Sep 13, 2003 | Sold | $59,850 | Public Record |
| Jul 1, 2003 | Sold | $20,000 | MIBOR |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $163,600 | $5,700 | $169,300 | $1,918 |
| 2024 | $128,500 | $5,700 | $134,200 | $1,597 |
| 2023 | $120,400 | $5,700 | $126,100 | $1,393 |
| 2022 | $104,600 | $5,700 | $110,300 | $1,598 |
| 2021 | $104,600 | $5,700 | $110,300 | $2,660 |
| 2020 | $10,800 | $2,200 | $13,000 | $415 |
| 2019 | $10,000 | $2,200 | $12,200 | $400 |
| 2018 | $7,700 | $2,200 | $9,900 | $346 |
| 2017 | $7,600 | $2,200 | $9,800 | $317 |
| 2016 | $5,700 | $2,200 | $7,900 | $271 |
| 2015 | $5,200 | $2,200 | $7,400 | $162 |
| 2014 | $4,600 | $2,200 | $6,800 | $147 |
| 2013 | $4,600 | $2,200 | $6,800 | $141 |
| 2012 | $5,000 | $2,700 | $7,700 | $76 |
| 2011 | $3,800 | $11,500 | $15,300 | $323 |
| 2010 | $3,800 | $11,500 | $15,300 | $330 |
| 2008 | $3,700 | $11,500 | $15,200 | $429 |
| 2006 | $59,600 | $11,500 | $71,100 | $1,908 |
Property facts
Year built
1918
Property type
multi_family
Stories
2
Beds
6
Baths
—
Living area
1,300 sqft
Lot size
4,182 sqft
ZIP code
46201
City
Indianapolis
Street
Dearborn St
Coordinates
39.77572, -86.11108
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
$857
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 540 Dearborn St last sell?
540 Dearborn St most recently sold on Aug 12, 2022 for $142,875.
What is the current tax assessment for 540 Dearborn St?
The most recent total assessment for 540 Dearborn St (year 2025) is $169,300 with $1,918 in property tax.
How does 540 Dearborn St's assessment compare to its last sale price?
The current assessment is 18.5% above the last sale price of $142,875.
When was 540 Dearborn St built?
540 Dearborn St was built in 1918.
How does 540 Dearborn St compare to others on Dearborn St?
We track 8 other properties on Dearborn St. Browse the list under "Other properties on Dearborn St" to compare beds, baths, and sale history.
What are the property facts for 540 Dearborn St?
540 Dearborn St is a 6 bed, 1,300 sqft, 4,182 sqft lot multi_family.
Is 540 Dearborn St a flip candidate?
No — 540 Dearborn St does not appear in our flips dataset.
Is 540 Dearborn St a tax-appeal candidate?
No — 540 Dearborn 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
-4.0%
Implied 1-yr
-16.0%
2026 Q3
$202.9K
2026 Q4
$191.9K
ZIP 46201 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Dearborn St