5040 Allisonville Rd Unit D, Indianapolis, IN 46205
About this home
Enjoy the "Lake Lifestyle" in the middle of the city! Move-in ready and centrally located minutes from Broad Ripple, the Monon Trail, restaurants, and shopping. Lake-facing porch has dual access and is perfect for entertaining or simply relax with a good book and enjoy the amazing sunsets! Just steps out your door, 17 acre Heron Lake offers swimming, kayaking, paddle boarding, fishing, bird watching, & more. *no rentals or AirBnB's allowed*
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Condo/Co-op
County
Marion County
APN
490708104020000800
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
D7
METRO
Dwelling District Seven
The D-7 District is intended for medium density residential development, accommodating multifamily dwellings, triplex, fourplex, two-family and single-family attached dwellings. The District may be applied anywhere within the metropolitan area, provided, however, it should be closely associated with the primary intensity generators, such as commercial shopping centers or industrial employment centers. The District requires superior street access and all public utilities and facilities. Provisions for various modes of travel and pedestrian linkages are critical. Well-planned, on-site recreational facilities, selected to fit the site and residents' needs, must be developed to answer the demands of the higher density of residents. The D-7 District has a typical density of 12 to 15 units per gross acre fulfilling the medium density residential recommendation of the Comprehensive General Land Use Plan. Development plans should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Communications tower
Park & open space
Property details
Parking
Parking Information
Garage Parking Other: Assigned Parking Outside
Parking Features: Asphalt, Carport, Common
Interior
Interior Sq. Ft. Information
Building Area Total: 1300
Living Area: 1300
Main Level Sq. Ft.: 1300
Upper Level Sq. Ft.: 0
Bedroom Information
Primary Bedroom Description: Balcony,Shower Stall Full
# of Bedrooms Main: 2
Beds MU: 2
Bedrooms MU: 2
Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 2
Full Baths MU: 2
Full Bathrooms MU: 2
Room 1 Information
Room Type: Dining Room
Room Features: Hardwood
Room Dimensions: 10x13
Room Level: Main
Room 2 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 13x12
Room Level: Main
Room 3 Information
Room Features: Hardwood
Room Dimensions: 12x15
Room Level: Main
Room 4 Information
Room Type: Kitchen
Room Dimensions: 9x8
Room Level: Main
Room 5 Information
Room Type: Living Room
Room Features: Hardwood
Room Dimensions: 18x15
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 7
Rooms Basement: 0
# of Rooms: 7
Heating & Cooling
Heating Information: Radiant Ceiling, Electric
Cooling Information: Central Electric
Interior Features
Interior Features: Hardwood Floors, Storage, Supplemental Storage, Breakfast Bar
Appliances: Common Laundry, Dishwasher, Disposal, Electric Oven, Refrigerator, MicroHood, Electric Water Heater
Floor Number: 2
Exterior
Exterior Features
Patio And Porch Features: Porch Open
Exterior Features: Clubhouse, Balcony
Waterfront Information
On Waterfront
Waterfront Features: Lake Front
Property Information
Ownership Interest Types: Mandatory Fee
Other Equipment: Smoke Alarm
Property Type: Residential
Attached Property
Property Sub Type: Condominium
Land Information
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.07
Lot Features: Sidewalks, Street Lights
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Directions: From Allisonville and 52nd street head West on 52nd. Take first left into Heron Lake Condominiums. Follow around to the right, look for unit 5040 on the right. Park in any open spot the head upstairs to unit D
Tax Legal Description: HERON LAKE HORIZONTAL PROPERTY REGIME5040 D ALLISONVILLE RD UNIT D (BLDG 2) & .6383%INT IN COMMON AREAS
Condo Information
Condo Type: Co-op
Condo Description Location: Building Common Entry
Community Information
Common Walls: 2+ Common Walls, End Unit
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Marion County
APN: 490708104020000800
Home facts updated by county records on Oct 19, 2026
Other
Listing Information
Attribution Contact: f.adamcatron@gmail.com
Green Information
Green Certification YN: No
Home Information
Foundation Details: Other
Construction Materials: Brick
Levels: One
Around this home
Schools
Clearwater Elementary School
Public K-5 • Assigned • 3.5mi
7/10
Eastwood Middle School
Public 6-8 • Assigned • 1.8mi
9/10
North Central High School
Public 9-12 • Assigned • 4.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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, 18 days in 30 years
2/10 Wind Factor
1% 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 • 46205
Average low and high temperatures (°F)
32
18
42
27
60
40
68
49
71
54
83
67
88
71
83
65
82
59
71
49
54
40
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$117,000 – $141,000
Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.