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Discover the incredible potential of 747 E McCarty St, a hidden gem nestled in the heart of historic Fletcher Place-one of downtown Indianapolis' few residential neighborhoods. This charming 3-bedroom, 2-bath home boasts solid bones and an unbeatable location, just steps from the lively Virginia Street corridor and only blocks from downtown Fountain Square, where you can enjoy favorites like Chilly Water Brewing, Hotel Tango, and an array of restaurants, shops, and nightlife. With easy walking access to Eli Lilly and a short stroll to the Edna Balz Lacy Family Park, you'll be mere minutes away from downtown Indy's premier attractions, including Gainsbridge Fieldhouse, Lucas Oil Stadium, the convention center, Mass Ave, the Bottleworks District, and four major hospitals. Whether you're an owner-occupant looking for a move-in ready home to make your own, or an investor seeking a relatively turnkey property with significant upside potential-ideal for renovation, flipping, or short- to medium-term furnished rentals-this property is brimming with opportunity. Nestled on a small block among beautifully renovated homes and new builds in progress, 747 E McCarty St offers the perfect canvas to add your personal touch. Whether you choose a light cosmetic refresh or a full to-the-studs transformation, you can turn this well-located home into a modern urban oasis that truly shines in the epicenter of downtown Indy!
Property Type(s):
Single Family
| Last Updated | 10/22/2025 | Tract | Greer & Waters |
|---|---|---|---|
| Year Built | 1900 | Community | 4910 - Marion - Center |
| County | Marion |
Price History
| Prior to Mar 24, '25 | $309,900 |
|---|---|
| Mar 24, '25 - May 16, '25 | $299,000 |
| May 16, '25 - Jul 14, '25 | $289,900 |
| Jul 14, '25 - Aug 9, '25 | $279,900 |
| Aug 9, '25 - Oct 22, '25 | $269,900 |
| Oct 22, '25 - Today | $254,900 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | None |
| AREA | 4910 - Marion - Center |
| BASEMENT | Yes |
| CONSTRUCTION | Wood Siding |
| FIREPLACE | Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Built-in Features, Entrance Foyer |
| LOT | 5227 sq ft |
| PARKING | Alley Access |
| STORIES | 2 |
| STYLE | Victorian |
| SUBDIVISION | Greer & Waters |
| UTILITIES | Cable Available, Natural Gas Connected |
| WATER | Public |
Location
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Listed with Keller Williams Indpls Metro N
Listing information is deemed reliable, but not guaranteed.
© 2025 Metropolitan Indianapolis Board of REALTORS®
© 2025 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2025.
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