Sheldon Barnes
For Sale — 1126 Union Street, Indianapolis, IN 462251126 Union Street
Indianapolis, Indiana 46225
Mc Cartys Subdivision
4
Beds
4
Baths
2,000
Sq Ft
1920
Year Built
0.17
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 1126 Union Street
Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 1126 Union Street in Mc Cartys Subdivision, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
1126 Union St presents an excellent investment opportunity in the rapidly revitalizing Old Southside neighborhood. Just moments from Lucas Oil Stadium and downtown Indy, this 4 bed, 3.5 bath home (2,000 sq ft + 414 sq ft unfinished daylight basement) offers strong potential as a fix & flip, long-term hold, BRRRR strategy, or high-performing STR (projected $70k+ annual revenue). The home was taken to the studs and rebuilt a few years ago, but it was recently vandalized and now needs a full cosmetic renovation. Repairs needed include paint, flooring, kitchen, baths, fixtures, WH/HVAC, and exterior cleanup. The roof and composition cement siding appear to have been replaced within the past few years, so most of the heavy lifting is interior. ARV estimated at $350k+. The floorplan is ideal for renters or guests, featuring raised ceilings, open living/dining/kitchen layout, a main-level bedroom and full bath, plus a laundry room with adjacent half bath. Upstairs offers a primary suite with walk-in closet and full bath, along with two additional bedrooms and a shared full bath. Large covered front porch, deep lot that runs street-to-street, with gravel parking in the front and rear. No neighbors directly to the north, and revitalization is happening all around. Cash or hard money only. Sold as-is. A prime project in one of Indy's fastest developing urban districts-bring your vision and unlock big upside!
Key things to know
- Raised ceilings and open floor plan
- Main-level bedroom and full bath
- Primary suite with walk-in closet
- Unfinished daylight basement (414 sq ft)
- Deep lot runs street-to-street
Monthly payment
Estimate · $209,900
$1,717/mo
≈ $1,117 principal & interest · $600 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $41,980 on a loan of $167,920.
Price history
- Price reduced$219,900 → $209,900
Mar 27, 2026
- Listedat $229,900
Nov 10, 2025
Recent comparable sales
$300,000
333 Lincoln Street
4bd · 3ba · 1,716 sqft
Sold Apr 2026
$60,000
2117 Webb Street
3bd · 1ba · 1,402 sqft
Sold May 2026
$433,000
317 Iowa Street
3bd · 3ba · 2,528 sqft
Sold May 2026
$68,500
2165 S Meridian Street
3bd · 1ba · 1,558 sqft
Sold May 2026
$432,500
219 E Morris Street
4bd · 4ba · 2,256 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 30% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$229,900Listed· Nov 10, 2025
$209,900Reduced
↓ $20,000 (8.7% off original)
172 days on market
Layout
Primary suite
Closet Walk in
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis1.1 mi
- Monon Trail (Carmel)14.4 mi
- Carmel Central Park14.8 mi
- Carmel High School15.1 mi
- IU Health North Hospital15.2 mi
- Zionsville Community HS15.3 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,000 sq ft
Year Built
1920
Stories
Two
Subdivision
Mc Cartys Subdivision
Bedrooms
4
Bathrooms
3 full, 1 half
School District
Indianapolis Public Schools