Property close to IUPUI? (Indianapolis: for sale, real estate market, apartments)

[eachperson]

We are relocating to Indy in Aug and have never been in Indy before. It is highly important for us to be in the 20-25 min walking distance to IUPUI. For us a condo is OK, although a house is more preferred.

We are expecting to be in Indy for 4-5 years, so we are also concerned about reselling the property without losing too much of its value - especially in this bad real estate market.

We looked online and found the Upper Canal area interesting, however there are not that many choices for sell over there. Found one on Fayette and another on Ellsworth St, but no idea if they worth the price.

We don't want to go higher than 450K for a 3 bed house or 250K for a 2 bed condo. We need to know which areas around IUPUI:

- are safer than other downtown areas (we have already seen indy.gov crime map)
- have kept its value during time and will hopefully keep its value in near future
- will be considered a reputable area

We don't care about the noise as we lived in populated areas before,

Thanks,

[sweetana3]

I am not sure if there is any housing south, north or west of IUPUI that would be what you would want.

So East is it.

Ransom Place between IUPUI and Dr. MLK Drive (Michigan to elders). Area of renovated and newer homes. Some neighborhood issues (students and parking and noise) have made the media.

Across Dr. MLK is one street (Fayette) of houses that were originally moved there and renovated so although they look old, the insides are all new. One street though. Not much around it and kind of specialized.

Next to that is the canal apartments.

Go about 4-5 blocks farther east and you get St. Joseph neighborhood which is where i live. There are houses and condos for sale. I have some very definite preferences. There is one for sale on my street that is a great buy. flockrealty.com has pictures and it is on 10th. Two story fully renovated house with a 2+ car garage and a much bigger fully privacy fenced grassy yard than what any of the neighbors have plus wonderful kitchen and baths. About $239,000 for a SF three bedroom with a yard and no HOA. I love our street and its easy access and quiet atmosphere. Great neighbors too.

Be careful about any condos with wood trim right now as I am seeing serious rot issues on the ones across from me and some in Chatham Arch. Most of problems seem to be the bay window extensions and the cheap wood trim around the windows.

With your money, the sky is the limit. There is a wonderful brick SF home in Chatham Arch the next historic area over from me for $400,000 with totally stunning interior!!!. Very involved community organization.

Let me know if I can help. I am not in real estate but like to keep my eye out for what is out there.

[BU191433]

I agree, you really don't want to go west, south or north - east is the way to go

[kitnguye]

We own a house in Ransom Place and lived there 3 years while DH was in med school. It was really the perfect location if you want proximity to IUPUI. With your budget, you would want to live on Paca. It definitely is the nicest street in the neighborhood. We were also a 2 minute walk across MLK to get to the canal. Now, if you want a more established, historic neighborhood, some of the ones mentioned by sweetana are also nice. Again, though, that would require a bit more of a bikeride to IUPUI. Living downtown is lovely and I'd highly recommend it to anyone.

[acronda]

I need to find bed in Indianapolis for 3 months (from 1st july to 30th september) near IUPUI which it cost me between U$D 600-700. Please, i don´t find any. Somebody knows any???....

[BJ Davis]

W-Mail reply. I have a new listing on 913 California A Beauty completely Restored inside and out call me for appointment. Betty Davis, 946-9202.
A historical home within two blocks of IUPUI's property. Asking price $237.900.00