4940 Melrose Ave
Indianapolis, IN 46241
2 bd 1 ba 912 sqft Built 1940 Lot 4,835 sqft single_family
No recorded sales
Location
Timeline: Sale, Listing & Tax History
Recorded events
No recorded events
No sale or listing events are on file for this property.
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $99,700 | $9,100 | $108,800 | $1,218 |
| 2024 | $79,500 | $9,100 | $88,600 | $1,075 |
| 2023 | $80,800 | $9,100 | $89,900 | $1,064 |
| 2022 | $47,700 | $9,100 | $56,800 | $1,020 |
| 2021 | $47,700 | $9,100 | $56,800 | $759 |
| 2020 | $38,100 | $9,100 | $47,200 | $645 |
| 2019 | $17,400 | $9,100 | $26,500 | $409 |
| 2018 | $22,200 | $9,100 | $31,300 | $835 |
| 2017 | $21,600 | $4,600 | $26,200 | $713 |
| 2016 | $28,600 | $4,600 | $33,200 | $876 |
| 2015 | $30,400 | $4,600 | $35,000 | $829 |
| 2014 | $29,400 | $4,600 | $34,000 | $685 |
| 2013 | $29,400 | $4,600 | $34,000 | $686 |
| 2012 | $48,500 | $4,600 | $53,100 | $654 |
| 2011 | $45,500 | $5,700 | $51,200 | $1,041 |
| 2010 | $46,100 | $5,700 | $51,800 | $1,060 |
| 2008 | $47,000 | $5,700 | $52,700 | $1,724 |
| 2006 | $41,600 | $5,700 | $47,300 | $1,520 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
912 sqft
Lot size
4,835 sqft
ZIP code
46241
City
Indianapolis
Street
Melrose Ave
Coordinates
39.74049, -86.24351
Comparable properties nearby
Frequently asked questions
When did 4940 Melrose Ave last sell?
No public-record sale is on file for 4940 Melrose Ave.
What is the current tax assessment for 4940 Melrose Ave?
The most recent total assessment for 4940 Melrose Ave (year 2025) is $108,800 with $1,218 in property tax.
When was 4940 Melrose Ave built?
4940 Melrose Ave was built in 1940.
How does 4940 Melrose Ave compare to others on Melrose Ave?
We track 7 other properties on Melrose Ave. Browse the list under "Other properties on Melrose Ave" to compare beds, baths, and sale history.
What are the property facts for 4940 Melrose Ave?
4940 Melrose Ave is a 2 bed, 1 bath, 912 sqft, 4,835 sqft lot single_family.
Is 4940 Melrose Ave a flip candidate?
No — 4940 Melrose Ave does not appear in our flips dataset.
Is 4940 Melrose Ave a tax-appeal candidate?
No — 4940 Melrose Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.2%
Implied 1-yr
-4.9%
2026 Q3
$170K
2026 Q4
$167.7K
ZIP 46241 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Ave