1241 W 31st St, Indianapolis, IN, 46208
About This Home
Fully Renovated 6-Bedroom Home - Investment or Owner-Occupant Opportunity! Welcome to this beautifully renovated home located at 1241 W 31st St in the heart of Indianapolis. This spacious 6-bedroom, 2-bathroom single-level property offers a rare combination of size, functionality, and modern updates. Recently updated throughout, the home features fresh flooring, updated kitchens and bathrooms, making it completely move-in ready. With all bedrooms conveniently located on one floor, the layout is ideal for large households, shared living, or maximizing rental potential. This property is a fantastic investment opportunity with strong rental appeal due to the high bedroom count, but it's equally well-suited for an end user looking for space and flexibility. Whether you're an investor seeking cash flow or a homeowner wanting room to grow, this property delivers. Conveniently located near downtown, major roadways, and local amenities, this home sits in an area seeing continued growth and development-adding to its long-term upside. Don't miss your chance to own a turnkey, high-capacity home in a growing Indianapolis market. Bedroom and Living room are virtually staged.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1930
Materials
- Foundation: Block
- Construction materials: Vinyl Siding,Vinyl With Stone,Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Electric Oven,Refrigerator,Water Heater
Basement
- Has basement: Yes
Bedroom2
- Level: Main
- Dimensions: 22.5 11.8
Bedroom3
- Level: Main
- Dimensions: 14 6
Bedroom4
- Level: Main
- Dimensions: 8 by 6
Bedroom5
- Level: Main
- Dimensions: 8 6
Bedroom6
- Level: Main
- Dimensions: 14 6
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 6
Features
- Attic Access,Ceiling Fan(s)
- Attic: Access Only
- Finished area below ground: 0
Heating & Cooling
- Heating features: Zoned
- Cooling features: Central Air
Interior Area
- Total structure area: 1,628
- Total interior livable area: 1,628 sqft
Living Room
- Level: Main
- Dimensions: 14 6
Master Bedroom
- Level: Main
- Dimensions: 12.5 11.8
Property
Details
- Parcel number: 490622102064000101
- Horse amenities: None
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 5,227 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,011 | $12,132 |
| Home Insurance * | $153 | $1,836 |
| Property Taxes | $148 | $1,776 |
| Electricity | $184 | $2,212 |
| Total | $1,496 | $17,952 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-10 | Price change | $230,000 |
| 2026-03-18 | Listed for sale | $250,000 |
| 2026-02-20 | Listing removed | $275,000 |
| 2025-11-18 | Listed for sale | $275,000 |
| 2024-04-23 | Sold | $190,000 |
| 2023-06-02 | Sold | $60,000 |
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