Price Reduction
Address
5047 Graceland Avenue, Indianapolis, IN
Price
$ 455,000
Property Attributes
- MLS#22116275
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaWashington
- NeighborhoodButler Tarkington
- Zip46208
- StyleTraditional
- Year Built1950
- Taxes$ 4624
- Price$ 455,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage3771
- Lot Size0.16 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Located in the heart of Indianapolis's historic Butler-Tarkington neighborhood, this four-bedroom brick cottage perfectly blends classic architectural character with modern convenience. A paneled foyer opens into an inviting living room, where a paneled fireplace wall serves as a cozy focal point. The main floor features an ideal layout for entertaining, flowing seamlessly into a formal dining room perfect for dinner parties or family meals, as well as a partially updated kitchen. Two main-floor bedrooms and a full bath round out the lower level. Upstairs, you'll find two additional spacious bedrooms alongside a second full bath that was completely renovated within the past five years. The screened patio is ideal for outdoor dining. A full unfinished basement provides excellent storage or a clean canvas for future living space. Beautiful hardwood floors throughout. 2 car detached garage. All of this within walking distance to Butler University, neighborhood shops and restaurants.
| Price History | |
|---|---|
| 7/28/2026 | Listed $474,900 |
| 8/19/2026 | 5$455,000 |
General Features
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Utilities | Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| Possession | Closing |
| Appliances | Dishwasher,Disposal,Microwave,Electric Oven,Refrigerator |
| Garage Spaces | 2 |
| Patio/Porch Features | Screened |
| Architectural Style | Traditional |
| Construction Materials | Brick |
| Year Built | 1950 |
| Township | Washington |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Butler Tarkington |
| Facing Direction | West |
| Garage Y/N | Yes |
| Total Rooms | 7 |
| Full Baths | 2 |
| Status | Active |
| Directions | GPS Friendly |
| City | Indianapolis |
| High School District | Indianapolis Public Schools |
| MLS Area | 4903 - Marion - Washington |
| Lot Size Square Feet | 6882 |
| Property Attached Y/N | No |
| Current Financing | Conventional |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Tax Lot | 48 |
| Legal Description | Wheelers Illinois Heights L48 & 7.5' E & Adj |
Interior Features
| Interior Amenities | Hardwood Floors |
|---|---|
| Basement | Unfinished |
| Total Fireplaces | 1 |
| Fireplace Features | Living Room |
| Basement (Y/N) | Yes |
| Laundry Features | In Basement |
| Total Bedrooms | 4 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Assessor |
| Total Baths | 2 |
Exterior Features
| Fencing | Partial |
|---|---|
| Parking Features | Detached |
| Lot Features | City Lot,Not In Subdivision,Storm Sewer,Mature Trees |
| Water Source | Public |
| Foundation Details | Block |
| Building Area Total | 3771 |
| Lot Size Acres | 0.16 |
| Waterfront Y/N | No |
| Other Equipment | Generator |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46208
Price
Taxes
Year Built
Visits
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Last Updated: August 19, 2026 6:28 PM UTC
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Information last updated on August 19, 2026 6:40 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
