7400 Madison Ave, Indianapolis, IN 46227 Property Records

Marion County property record for 7400 Madison Ave, Indianapolis, IN 46227

Property Summary

Property Type	Apartments (5+ Units)
Details	14,126 sqft · built 1987
Lot Size	23.7 acres (1,034,985 sqft)
Owner	Company Name on Record
Tax Bill	$373,939 (2023)
Deeds & Mortgages	Oct 2018 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`49-15-18-134-004.000-500`

Property Details

APN / Parcel Number

Primary APN	`49-15-18-134-004.000-500`
Alternative APN	`5031865`

Interior

Units	24 Units
Stories	2 Stories
Building Area	14,126 sqft Total Area
Gross Area	70,300 sqft

Exterior

Year Built	Built 1987
Construction Type	Wood
Lot Area	1,034,985 sqft (23.7 acres)
Garage Type	Mixed
Garage Area	1,480 sqft
Carport	Carport
Carport Area	4,680 sqft
Parking Spaces	27 Parking Spaces
Pool Area	1,200 sqft
Total Buildings	6 Buildings

Location & Zoning

Account Number	5031865
Old Parcel Number	5031865
Street Address	7400 MADISON AVE
City	INDIANAPOLIS
State	IN
Zip	46227
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	PT S1/2 NE1/4 S18 T14 R4 BEG 176.42' E & 678.37'NW OF SE COR W 313.25' SW 947.23' NW 1037.77' E1259.4' SE 715.85' TO BEG 23.7
Legal Range	04
Legal Township	14
Legal Section	18
Jurisdiction	MARION IN
Township / Civil Division	PERRY
Census Block Group	2
Census Block	2003
Census Tract	381004

Owner

Source: Marion County records, as of May 10, 2024

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Co-owner	Co-owner on Record
Mailing Address	1717 MAIN ST STE 900, 900, DALLAS, TX 75201-4687
Owner Type	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Record Updated	Jun 7, 2026

October 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	7400 MADISON AVE, INDIANAPOLIS, IN 46227
Document Number	0000112595
Instrument Date	Oct 31, 2018
Transaction Type	Mortgage
Record Updated	Nov 19, 2018
Title Company	CHICAGO TITLE COMPANY, CTIC

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	7400 MADISON AVE INDIANAPOLIS IN 46227, INDIANAPOLIS, IN 46227

Mortgage

Document Number	0000112595
Date	Nov 2, 2018
Instrument	112595

Lender

Name	RED MTG CAP
Type	Mortgage Company
Address	10 W BROAD ST 8TH ST, COLUMBUS, OH 43215

Agreement

Amount	Amount Recorded
Term	180 Months
Due	Nov 1, 2033

Tax Assessment & Valuation

Source: Marion County assessment roll, as of July 1, 2023

Property Jurisdictions

Type	Name
State	Indiana
County	Marion County
County Subdivision	Perry Township
Consolidated City	Indianapolis City
Unified School District	Perry Township Metropolitan School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2023	$373,939.00 (+40.21%)	$14,706,400 (+41.01%) Land $1,943,700 Building $12,762,700	$14,706,400 (+41.01%) Land $1,943,700 Building $12,762,700
2022	$266,705.00 (+8.79%)	$10,429,200 Land $1,943,700 Building $8,485,500	$10,429,200 Land $1,943,700 Building $8,485,500
2021	$245,148.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective June 7, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 8 (10% premium discount)
Nearby Flood Policies	2 in force
Nearby Flood Claims	1 (2025)
Most Recent Claim	Apr 2025 · river or lake flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITIZENS WATER - INDIANAPOLIS serves 880,345 people · EPA ID IN5249004
Water Source	Surface water
Last State Inspection	May 2024
Lead	3 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 228 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · Fixed Wireless, DSL in parts of the area	5,000 / 5,000
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	1,000 / 75

May also be available: Metronet, T-Mobile.

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