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2636 E 40th St, Indianapolis, IN, 46205

3beds
1baths
2,976sqft
$164,000
$55price/sqft
$1,212/moest. monthly cost
$48,480/yrincome needed

About This Home

Great 3-bedroom, 1 full-bath conversion very well maintained estate in quiet neighborhood with detached garage set on 2 lots fenced in family room and basement with workshop, laundry and storage. Location close to bus line, interstate, shopping, and restaurants. Home comes with 1-year home warranty for buyer peace of mind. Make appointment today will not last long.

Getting Around

57
WalkingSomewhat Walkable
39
TransitSome Transit
54
BikeBikeable

Schools

Construction

Condition

  • Year built: 1924

Materials

  • Foundation: Block
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Disposal,Gas Water Heater,Electric Oven,Refrigerator,Water Softener Owned
  • Laundry features: In Unit

Basement

  • Has basement: Yes

Bedroom2

  • Level: Main
  • Area: 192
  • Dimensions: 12x16

Bedroom3

  • Level: Main
  • Area: 180
  • Dimensions: 10x18

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Bonus Room

  • Features: Other
  • Level: Basement
  • Area: 480
  • Dimensions: 24x20

Breakfast Room

  • Level: Main
  • Area: 324
  • Dimensions: 18x18

Features

  • Hardwood Floors
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,976
  • Total interior livable area: 2,976 sqft

Kitchen

  • Level: Main
  • Area: 132
  • Dimensions: 12X11

Laundry

  • Features: Other
  • Level: Basement
  • Area: 24
  • Dimensions: 4x6

Living Room

  • Level: Main
  • Area: 288
  • Dimensions: 12x24

Master Bedroom

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 96
  • Dimensions: 12x8

Office

  • Level: Main
  • Area: 30
  • Dimensions: 10x3

Workshop

  • Features: Other
  • Level: Basement
  • Area: 56
  • Dimensions: 8x7

Property

Details

  • Parcel number: 400717107062000801
  • Special condition: Estate,Sales Disclosure On File
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 5,227 sqft

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage Door Opener
  • Has garage: Yes
  • 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

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

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 $829$9,948
Home Insurance *$110$1,320
Property Taxes $1$12
Electricity $272$3,273
Total$1,212$14,544
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$41,554/yr
40% on housing$36,360/yr
45% on housing$32,320/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

$55This listing

vs Other Active Listings

Avg $/sqft

ZIP 46205$136
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46205$135
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
2026-07-31Price change$164,000
2026-07-01Price change$174,000
2026-06-10Listed for sale$184,000

For Sale by Agent

AgentFelman Brown
BrokerageCarpenter, REALTORS®

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