Located on a quiet street in the heart of Beech Grove, this spacious and thoughtfully updated home offers a rare combination of charm, functionality, and flexible living space just minutes from downtown Indianapolis. The main level features inviting living areas filled with natural light, while the updated kitchen showcases refreshed countertops, newer sink, and all appliances included for a true move in ready experience. Upstairs, the private primary suite serves as a retreat of its own complete with walk in closet, oversized bath, and cozy fireplace. The fully finished basement adds incredible versatility with a large recreation space, half bath, oversized laundry room, and additional finished area currently used for guests, making it ideal for entertaining, hobbies, workout space, or potential in law quarters. Outside, enjoy the fenced backyard and outdoor entertaining space perfect for relaxing evenings at home. Major improvements include newer siding, newer roof with transferable 50 year warranty, and six brand new windows with lifetime warranty for added peace of mind. Conveniently located near Beech Grove Main Street shops and restaurants, Sarah T. Bolton Park, Don Challis Park, Franciscan Health, and just a short drive to Garfield Park, Fountain Square, and downtown Indianapolis with quick access to I-465 and I-65.
Park Meadow, located between Emerson Avenue and Arlington Avenue, is a residential and park-adjacent Beech Grove neighborhood with mid-century ranch streetscapes and pocket green space. The neighborhood’s character concentrates around the Emerson Ave & Main St corridor, where small storefronts, diners, and local services set a steady, everyday rhythm. Nearby, Beech Grove Bowl, Beech Grove Pizza Company, and the Beech Grove Branch Library act as familiar community pillars. Homes tend toward tidy one-story profiles with mature trees and deep setbacks. Side streets stay calm while the commercial strip keeps errands and meetups grounded. The setting reads as suburban in form, with Indianapolis close by for a broader city grid.
Provided by Walk Score and Local Logic
Offer insights
73 S 3rd Ave · $199,900
$200K and above
75% chance or better to win
Why $200K+ is a strong offer
DAYS ON MARKET
170 days
The average home goes pending in 30 days.
SALE-TO-LIST
97.5%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Walk-in closets
Hardwood floors
Supplemental storage
Eat-in kitchen
In-law arrangement
Smart thermostat
Smoke alarm
Bedrooms
Three bedrooms total — two on the main level and one on the upper level
Primary bedroom includes a walk-in closet
Bathrooms
Two full bathrooms and one half bathroom
Primary bathroom has a full tub with shower and a separate full shower stall
Kitchen
Eat-in kitchen
Gas oven
Dishwasher
Garbage disposal
Refrigerator
Bar fridge
Laundry & utility
Laundry located in the basement
Gas water heater
Flooring
Hardwood floors
Heating & cooling
Forced air heating (natural gas)
Central air
Window unit(s)
Smart thermostat
Exterior features
Covered patio/porch
Fire pit
Full yard fencing
Mature trees
Curbs, sidewalks, and street lights
Home design
Single-family residence
Two levels
Parking
Detached 2-car garage
Garage approximately 440 sq ft
Guest street parking available
Security
Smoke alarm
Construction
Vinyl siding
Block foundation
Utilities
Public water
Municipal sewer connected
Cable available
Natural gas available
No solid waste service indicated
Electricity and solar
View estimated energy costs and solar savings for this home
Your new home awaits you! Charming, updated home in the heart of Beech Grove with FULL FINISHED basement, and fenced back yard. This beautiful home features a MASTER SUITE on the second level with WIC, large bathroom, and fireplace. The UPDATED kitchen will not disappoint with NEW sink and countertops, all appliances stay. FULL finished basement makes the PERFECT entertainment room/REC SPACE with oversized laundry room and half bath. Could also make a great in-law quarters as extra room is currently used as a guest space. All NEW SIDING in 2015! Newer roof comes with a 50 YEAR WARRANTY and (6) BRAND NEW WINDOWS W/LIFETIME WARRANTY. HOT TUB & MINI FRIDGE STAYS!
MIBOR as Distributed by MLS Grid #21239872
Aug 20, 2013
Listing Removed
—
Aug 16, 2013
Sold
$101,000
$46/sq ft
Jun 19, 2013
Listed
$104,500
$47/sq ft
+8
Many updates to this very nice home in the past 5 years. New Kitchen with all appliances, Master suite with walk-in closet and separate bath, Furnace and A/C. Newer windows. Private back yard and large 2 car detached garage.
MIBOR as Distributed by MLS Grid #2820227
Oct 4, 2008
Listing Removed
—
Apr 7, 2008
Listed
$119,900
$54/sq ft
MIBOR as Distributed by MLS Grid #2766512
Apr 6, 2008
Listing Removed
—
Oct 16, 2007
Listed
$129,900
$59/sq ft
Public Records
Jun 5, 2006
Sold
$63,750
$29/sq ft
MIBOR as Distributed by MLS Grid #2620593
Mar 31, 2006
Listed
$59,000
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,967 (+7.7%)
$17,000 + $217,100
$234,100
2024
$2,756
$17,000 + $185,600
$202,600
2023
$2,758 (+8.7%)
$17,000 + $185,600
$202,600
2022
$2,537 (+101.0%)
$17,000 + $185,600
$202,600
2021
$1,262 (−18.3%)
$17,000 + $81,400
$98,400
2020
$1,545 (+10.4%)
$17,000 + $81,400
$98,400
2019
$1,399 (−0.7%)
$17,000 + $76,400
$93,400
2018
$1,409 (+45.2%)
$14,000 + $73,400
$87,400
2017
$970 (+20.8%)
$14,000 + $69,400
$83,400
2016
$803 (−1.7%)
$14,000 + $69,400
$83,400
2015
$817 (+5.0%)
$14,000 + $56,700
$70,700
2014
$778 (−2.5%)
$14,000 + $59,100
$73,100
2013
$798
$14,000 + $58,300
$72,300
Public record
Public record
Zoning
Beds
2
Baths
—
Stories
1
Lot width
40 ft.
Lot depth
133 ft.
Lot size
5,319 Sq. Ft.
Year renovated
1990
Finished Sq. Ft.
2,116
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,116
Year built
1948
Style
Single Family Residential
County
Marion County
APN
491028138117000502
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
D5
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Beech Grove, IN • 46107
Average low and high temperatures (°F)
32
18
42
26
61
40
68
48
71
53
83
66
87
70
82
64
81
59
69
49
54
39
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 73 S 3rd Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $186,000 and $250,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $186K to $250K.