See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

36 W 56th St, Indianapolis, IN, 46208

4beds
4baths
--sqft
$725,000
--price/sqft
$5,232/moest. monthly cost
$209,280/yrincome needed

About This Home

Absolutely enchanting opportunity in the heart of Butler-Tarkington... Dreamy, English-Tudor duplex on leafy 0.30acre parcel mere steps from every favorite haunt in the BT retail district, including: Illinois Street Food Emporium, Tinker Coffee, Kincaid's Market, Byrne's Pizza, Starbucks, Safeway, Graeter's and so many other hot spots! Nestled deep on the lot, this handsome brick facade encases two mirror-image units loaded with character. Both foyers feature wrought iron rails and hardwood floors that flow into the living & dining rooms. Both units feature their classic original fireplaces in both the living rooms and their respective lower level rec rooms! Both dining rooms open to private screen porches overlooking the rear yard. Both upper levels feature two spacious bedrooms and classic original bathrooms with original tilework & fixtures. Lower level rec rooms open to unfinished utility rooms w/lavatories and laundry areas. The property features a detached two car garage (one per unit).

Getting Around

66
WalkingSomewhat Walkable
33
TransitSome Transit
64
BikeBikeable

Schools

8/10
2/10
Shortridge High SchoolGrades 9-122.5 mi
3/10

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Block
  • Roof: Asphalt,Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Tudor
  • Property subType: Multi Family,Duplex

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Property

Details

  • Parcel number: 490601220001000801
  • Attached to another structure: Yes
  • Special condition: Broker Owned

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 0.30 Acres
  • Features: Sidewalks,Storm Sewer,Suburb,Mature Trees,Trees-Small (Under 20 Ft)

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Inland Flooding
    Inland FloodingVery High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
Strong Wind
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

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

MonthlyAnnual
Mortgage $3,665$43,980
Home Insurance *$555$6,660
Property Taxes $828$9,936
Electricity $184$2,212
Total$5,232$62,784
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$179,382/yr
40% on housing$156,960/yr
45% on housing$139,520/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How 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.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46208$113
Marion County$124

vs Homes Sold Last Month

Median $/sqft

ZIP 46208$118
Marion County$131

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

DateEventPrice
2026-04-30Price change$775,000
2026-03-26Listed for sale$799,900
2019-03-29Sold$227,500
2016-07-01Sold$220,000

For Sale by Agent

AgentJonathan Eriksen
BrokerageCENTURY 21 Scheetz

Similar Homes