741 Wallace Ave, Indianapolis, IN 46201 Property Records

Marion County property record for 741 Wallace Ave, Indianapolis, IN 46201

Property Summary

Property Type	Duplex
Details	2 bd · 1,200 sqft · built 1927
Lot Size	0.147 acres (6,403 sqft)
Owner	Individual Name on Record
Last Sale	$177,100 (Sep 2021)
Tax Bill	$2,535 (2024)
Deeds & Mortgages	Sep 2021 Mortgage Sep 2021 Sale
Flood Zone	Zone X (minimal risk)
APN	`49-10-04-142-010.000-101`

Property Details

APN / Parcel Number

Primary APN	`49-10-04-142-010.000-101`
Alternative APN	`1039253`

Interior

Bedrooms	2 Beds
Total Rooms	5 Rooms
Units	2 Units
Stories	2 Stories
Building Area	1,200 sqft Living Area
Gross Area	1,788 sqft
1st Floor Area	1,200 sqft
Upper Floors Area	588 sqft
Basement Area	588 sqft

Exterior

Year Built	Built 1927
Effective Year Built	Effective 1976
Architectural Style	Duplex Single
Construction Type	Frame
Roof Material	Asphalt
Lot Area	6,403 sqft (0.147 acres)
Lot Dimensions	160 ft deep x 40 ft wide
Garage Type	Detached
Garage Area	484 sqft
Parking Spaces	2 Parking Spaces

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Sewer	Connected

Location & Zoning

Street Address	741 WALLACE AVE, 743
City	INDIANAPOLIS
State	IN
Zip	46201-2946
Property Category	Residential
Property Type	Residential > Multi-Unit > Duplex
Local Zoning Code	ZO01
Legal Description	EMERSON HEIGHTS SEC 4 L28 B8
Legal Subdivision	EMERSON HEIGHTS SEC 4
Legal Block	8
Legal Lot Number	28
Jurisdiction	MARION IN
Township / Civil Division	CENTER
Census Block Group	1
Census Block	1004
Census Tract	355300

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Emerson Heights Historic District listed 2010 · 1,009 contributing resources · NRIS 10000125

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Marion County records, as of March 16, 2026

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

Owner of Record	Individual Name on Record
Mailing Address	741 WALLACE AVE, 743, INDIANAPOLIS, IN 46201-2946
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Sep 17, 2021	Deed of Trust, Mortgage · FHA Mortgage KELLER MORTGAGE LLC
Sep 17, 2021	Warranty Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Sep 17, 2021 · Amount on Record
Deed Sale	Sep 17, 2021 · Amount on Record
Prior Sale	Nov 19, 2008 · Amount on Record
Deed Document Number	2021124809
Record Updated	Sep 20, 2026

September 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	741 WALLACE AVE, INDIANAPOLIS, IN 46201-2946
Transaction Type	Mortgage
Record Updated	Apr 27, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000124810
Date	Sep 17, 2021
Instrument	A202100124810

Lender

Name	KELLER MORTGAGE LLC
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Oct 1, 2051

Interest

Rate Type	Fixed Rate

September 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION IN
Recording Date	Sep 17, 2021
Property Address	741 WALLACE AVE, INDIANAPOLIS, IN 46201-2946
Document Number	0000124809
Map Reference	PB 15 PG 178
Instrument Date	Aug 27, 2021
Instrument	A202100124809
Transaction Type	Transfer
Record Updated	Feb 9, 2023

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	741 WALLACE AVE # 743, 743, INDIANAPOLIS, IN 46201-2946

Tax Assessment & Valuation

Source: Marion County assessment roll, as of March 16, 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Marion County
County Subdivision	Center Township
Consolidated City	Indianapolis City
Unified School District	Indianapolis Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$178,500 (+22.43%) Land $24,100 Building $154,400	$178,500 (+22.43%) Land $24,100 Building $154,400
2024	$2,535.00 (+25.37%)
2023	$2,022.00 (-6.91%)	$145,800 (-4.08%) Land $24,100 Building $121,700	$145,800 (-4.08%) Land $24,100 Building $121,700
2022	$2,172.00	$152,000 Land $24,100 Building $127,900	$152,000 Land $24,100 Building $127,900

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

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; 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 1,005 locations within half a mile, as of December 31, 2025

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

May also be available: Xiber.

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