List price was lowered by $5K. Tour it before it's gone!
Today:
About this home
Located 1.5 blocks from Butler University, this 2 bedroom, 1 bath home with carport and garage could be a great addition to your investment portfolio. Surrounded by the buzz of University activity, and amongst several student rentals - this could be a charming renovation or long-term buy and hold. Plenty of values in the area. There are two rooms in the upstairs area that could be leased along with a primary bedroom on the main level. Plenty of parking with the carport and 1-car detached garage. Agents please read private remarks.
Discover the blend of classic charm and modern convenience in this inviting bungalow just steps from Butler University. This 3-bedroom/ 1-bath home, located in the sought-after Butler Tarkington neighborhood, offers an ideal investment opportunity or a cozy personal residence. Inside, you'll find a warm atmosphere, accentuated rich hardwoods that grace the floors. The thoughtful layout includes a well-equipped kitchen and comfortable living spaces. Convenience meets privacy with the alley entrance behind the home, ensuring easy access and adding a touch of seclusion. Whether you're envisioning a smart investment venture or dreaming of your own home, this property is your canvas. Don't miss the chance to make this charming residence your own in this highly desirable location!
MIBOR as Distributed by MLS Grid #2314431
Mar 25, 2003
Listed
$97,850
$56/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,938 (+2.2%)
$37,200 + $125,600
$162,800
2024
$3,853 (+9.7%)
$37,200 + $120,600
$157,800
2023
$3,513 (+3.5%)
$37,200 + $120,600
$157,800
2022
$3,395 (+11.1%)
$37,200 + $106,400
$143,600
2021
$3,057 (−3.8%)
$33,000 + $95,100
$128,100
2020
$3,179 (−1.8%)
$33,000 + $95,100
$128,100
2019
$3,237 (−0.8%)
$33,000 + $100,000
$133,000
2018
$3,263 (+12.7%)
$33,000 + $100,000
$133,000
2017
$2,895 (+6.7%)
$33,000 + $99,000
$132,000
2016
$2,713 (−1.6%)
$33,000 + $99,000
$132,000
2015
$2,757 (+3.3%)
$33,000 + $93,300
$126,300
2014
$2,670 (+4.0%)
$33,000 + $92,200
$125,200
2013
$2,567
$33,000 + $90,500
$123,500
Public record
Public record
Zoning
Permits
Beds
3
Baths
—
Stories
1
Lot width
43 ft.
Lot depth
140 ft.
Lot size
6,020 Sq. Ft.
Year renovated
1950
Finished Sq. Ft.
1,608
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,608
Year built
1925
Style
Single Family Residential
County
Marion County
APN
490611134050000801
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 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
Aug 9, 2019 • Final
Heating & cooling - 1-2 family
Replace the air conditioner.
HVAC
Apr 21, 2017 • Final
Heating & cooling - 1-2 family
Replace the furnace in a residential building.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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
3/10 Heat Factor
7 days above 101° expected this year, 17 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46208
Average low and high temperatures (°F)
32
18
42
26
60
40
68
49
71
54
83
66
88
71
83
65
82
59
69
49
54
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4645 Rookwood Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $300,000 and $485,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $300K to $485K.