Recently Sold — 2540 Madison Avenue, Indianapolis, IN 46225
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Sheldon Barnes can help you list 2540 Madison Avenue
Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Whether you're ready to sell 2540 Madison Avenue in Hoefgens or just curious what your home is worth in today's Indianapolis market, he can put together a no-pressure valuation.
ABOUT THIS HOME
Welcome to 2540 Madison AVE, Indianapolis, IN. This single-family residence in Marion County presents an opportunity to own a piece of Indianapolis history. The residence offers a generous 1376 square feet of living area, providing ample space to create a comfortable environment. With four bedrooms, this residence provides flexibility to accommodate a variety of lifestyle needs. Two full bathrooms offer convenience and functionality. House totally remodeled in 2025. The property has a substantial 7797 square feet lot area, offering outdoor space for recreation and relaxation. Constructed in 1886, this two-story residence carries the charm of a bygone era. This historic single-family residence awaits your personal touch to transform it into a unique Indianapolis haven.
$210,000
$255,000
Welcome to 2540 Madison AVE, Indianapolis, IN. This single-family residence in Marion County presents an opportunity to own a piece of Indianapolis history. The residence offers a generous 1376 square feet of living area, providing ample space to create a comfortable environment. With four bedrooms...
1,376
Sq Ft
1886
Year Built
Off Market
Status
4
Bedrooms
2.1
Bathrooms
Key things to know
- Sold 22% below list in 241 days
- Basement
- Hoefgens subdivision
Sold
$200,000
-$55,000 below list (-21.6%)
- Closed
- May 20, 2026
- Listed at
- $255,000
- Sold
- 3 weeks ago
- Sold in
- 241 days
Price history
- Sold$200,000
May 20, 2026
- Price reduced$220,000 → $210,000
Apr 7, 2026
- Listedat $255,000
Jul 28, 2025
Hoefgens · activity
past 6 months
- Sold
- 4
- Median price
- $200,000
- Median DOM
- 143 days
Recent comparable sales
$108,000
2501 Ransdell Street
3bd · 2ba · 1,104 sqft
Sold Jun 2026
$416,250
717 S Illinois Street
3bd · 1ba · 1,448 sqft
Sold Jun 2026
$200,000
1250 Union Street
3bd · 2ba · 1,440 sqft
Sold May 2026
$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
Comparative value
5 comps in this range
This home is right at the median for similar nearby sales.
Estimated values and comparable-sales ranges shown here are for informational purposes only. They are derived from public records and recent MLS sales, are not an appraisal or formal Comparative Market Analysis (CMA), and should not be used as the sole basis for any pricing, purchase, sale, or financing decision. For an accurate market value of a specific property, contact Sheldon Barnes for a personalized CMA.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$255,000Listed· Jul 28, 2025
$210,000Reduced
↓ $45,000 (17.6% off original)
241 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Tub Full with Shower
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis2.6 mi
- Monon Trail (Carmel)15.9 mi
- Carmel Central Park16.3 mi
- Carmel High School16.6 mi
- IU Health North Hospital16.6 mi
- Zionsville Community HS16.8 mi
OFF-MARKET PROPERTY DETAILS
Living Area
1,376 sq ft
Year Built
1886
Stories
Two
Subdivision
Hoefgens
Bedrooms
4
Bathrooms
2 full, 1 half
School District
Indianapolis Public Schools