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40 North on Meridian

40 North on Meridian

40 North on Meridian
Condominium Building Complex
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

3965 N Meridian St,
Indianapolis, IN 46208
53 Units
7 Stories
1963 Year Built
$130K - $379K Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Fitness Center
  • Skyline View
  • Community Pool
  • Lounge
  • Balcony
  • 2 min walk to Tarkington Park

Midcentury modern living in the heart of Meridian-Kessler

40 North on Meridian, a seven-story condominium complex built in 1963, stands as a fixture in Indianapolis's historic Meridian-Kessler neighborhood. With 53 units, this midcentury building offers residents a blend of urban convenience and community living. The structure's simple, functional design features a series of balconies on one side, providing residents with outdoor space to enjoy the surrounding neighborhood views. Located just minutes from downtown Indianapolis, 40 North on Meridian caters to those seeking a central location with easy access to the city's amenities and cultural offerings.

Versatile layouts with modern updates

40 North on Meridian offers a range of floor plans to suit various lifestyles, from cozy one-bedrooms to spacious three-bedroom units. One-bedroom apartments span from 847 to 1,323 square feet, with sale prices ranging from $133,000 to $148,000. These units typically feature one bathroom and are ideal for singles or couples seeking an efficient living space. Two-bedroom units offer more versatility, ranging from 847 to 2,575 square feet. These apartments, priced between $140,000 and $195,000, come with one to two and a half bathrooms. Many two-bedroom units have been thoughtfully renovated, boasting features such as granite countertops, stainless steel appliances, and updated lighting fixtures. For those requiring more space, three-bedroom units range from 942 to 2,594 square feet, with one to three bathrooms. These larger apartments, which have sold for around $330,000, often result from combining smaller units, creating expansive living areas perfect for families or those who enjoy entertaining. Throughout the building, residents can expect to find a mix of classic and contemporary finishes. Many units feature hardwood or tile floors, ample closet space, and large windows that flood the living areas with natural light. Some apartments have been updated with modern touches like plank laminate flooring, tile backsplashes in kitchens, and spa-like bathroom renovations including walk-in tiled showers. A standout feature in many units is the private balcony, offering residents a personal outdoor retreat with views of the surrounding neighborhood or downtown Indianapolis skyline. In-unit laundry is available in most apartments, adding to the convenience of condo living. Monthly HOA fees range from $500 to $1,100, covering a comprehensive list of amenities and services. These fees include common area cooling and heating, sewer, building maintenance, snow removal, and trash services. The inclusion of utilities in the HOA fee means residents can enjoy a more predictable monthly housing cost, with electric typically being the only additional utility expense.

Year-round comfort and convenience

40 North on Meridian offers a selection of amenities designed to enhance residents' daily lives. The centerpiece is the outdoor saltwater pool, providing a refreshing escape during warm months and serving as a social hub for the community. Surrounding the pool area are private cookout spaces, perfect for summer gatherings and barbecues. Fitness enthusiasts will appreciate the 24-hour gym, equipped with a range of exercise machines and free weights, allowing residents to maintain their workout routines without leaving the building. For those who prefer outdoor activities, the building provides secure bicycle storage, encouraging an active lifestyle and eco-friendly transportation. The building's common areas have been thoughtfully designed to foster a sense of community. Two welcoming lobbies offer comfortable seating areas, ideal for casual meetings or relaxing with a book. Additionally, private meeting spaces are available for residents who need a quiet area for work or study. Security is a priority at 40 North on Meridian, with secure building access ensured through a sensor card entry system and surveillance cameras throughout the common areas. Underground heated parking provides a convenient and protected space for residents' vehicles, a particularly valuable amenity during Indianapolis winters. Each unit comes with a dedicated storage unit, offering extra space for seasonal items or rarely used belongings. Most apartments feature in-unit laundry facilities, adding to the convenience of daily living. Unique to 40 North on Meridian are two unexpected amenities: an in-building Med Spa and a hat shop. These distinctive offerings add a touch of luxury and convenience to everyday living, setting the building apart from typical residential complexes in the area.

Historic charm meets urban convenience in Meridian-Kessler

40 North on Meridian sits in the heart of the Meridian-Kessler neighborhood, an area known for its historic charm and community-oriented atmosphere. This established neighborhood, with its tree-lined streets and mix of architectural styles, offers residents a blend of suburban tranquility and urban accessibility. The immediate vicinity boasts an array of local amenities. Tarkington Park, located just across the street from the building, provides a green oasis in the urban landscape. The park features tennis and basketball courts, playgrounds, and open spaces perfect for picnics or casual sports, offering residents a convenient outdoor retreat. Culinary options abound in the neighborhood. Just a short walk away, Big City Grill & Lemonade serves up quick, affordable meals including cheesesteaks, hamburgers, and gyros. For those seeking a more eclectic dining experience, a short drive leads to Yats, a beloved local chain known for its hearty New Orleans-inspired cuisine. The area's drinking establishments cater to various tastes. Red Key Tavern, a cash-only neighborhood institution, offers a nostalgic atmosphere and classic American pub fare. It's the kind of place where regulars have been coming for decades, drawn by its unpretentious charm and strong sense of community. For grocery needs, residents have several options within a short drive. The Fresh Market, an upscale grocery store, is about two miles away, offering gourmet and organic options. For more everyday shopping, a Safeway supermarket is conveniently located at a similar distance. Cultural attractions are also within easy reach. The neighborhood is home to several museums, and the proximity to downtown Indianapolis means world-class cultural institutions are just a short trip away. Education is a priority in Meridian-Kessler, with several schools serving the area. James Whitcomb Riley School 43, a PreK-8 institution, is within walking distance of the building. While its academic ratings are modest, the school's proximity makes it a convenient option for families with young children. The neighborhood's character is defined by its mix of historic homes and modern developments. Large American Foursquare houses, many dating back to the early 20th century, sit alongside more contemporary structures, creating a diverse and visually interesting streetscape. This blend of old and new gives Meridian-Kessler a unique charm that appeals to a wide range of residents, from young professionals to families and retirees.

Connected to the city and beyond

40 North on Meridian's location offers residents multiple transportation options, making it easy to navigate both the immediate neighborhood and the greater Indianapolis area. The building's position near major thoroughfares and public transit routes ensures that residents can easily access various parts of the city, whether for work, leisure, or daily errands. Public transportation is readily available, with several bus stops within walking distance of the building. The Illinois St & 40th St stop, just a five-minute walk away, serves the Broad Ripple and St. Vincent lines, providing direct access to popular areas north of downtown. For those heading downtown or to other parts of the city, the Meridian & 38th Station, also a short walk from the building, is a stop on the Red Line, Indianapolis's rapid transit bus service. Cyclists will find the area accommodating, with dedicated bike lanes on many nearby streets. The building's secure bicycle storage encourages residents to take advantage of this eco-friendly transportation option, perfect for short trips around the neighborhood or commuting to nearby areas. For those who prefer to drive, the building's location provides easy access to major roads. Interstate 65 is nearby, offering a quick route to downtown Indianapolis and other parts of the city. The underground heated parking at 40 North on Meridian ensures that residents' vehicles are protected from the elements year-round, a particularly valuable feature during harsh Indiana winters. Air travelers will appreciate the relatively short drive to Indianapolis International Airport, located about 18 miles from the building. The 35-minute drive makes catching flights or picking up visitors convenient for residents. The neighborhood's layout, with its well-maintained sidewalks and pedestrian-friendly design, encourages walking as a viable option for many local trips. Many daily necessities, from grocery stores to restaurants and parks, are within a comfortable walking distance, reducing the need for frequent car use. This mix of transportation options - from walking and cycling to public transit and easy car access - makes 40 North on Meridian an excellent choice for those who value flexibility in their daily commutes and travels. Whether heading to work downtown, exploring the local neighborhood, or venturing further afield, residents have multiple convenient ways to get where they need to go.

Available Units

No units matching this criteria are available right now.

Building Details

Views

  • Skyline
  • Park or Greenbelt

Recreation

  • Fitness Center
  • Community Pool

Amenities

  • Public Transportation
  • Lounge
  • Recreation Room
  • 24 Hour Access

Parking

  • 1 - 2 Garage Spaces Per Unit
  • 1 Car Attached Garage
  • Guest Parking
  • Assigned Parking

Condo Association

  • $752 Monthly HOA Fees
  • Monthly HOA Fees Range from $235 - $1,090
  • Association fees include common cooling, common heat, sewer, exercise room, insurance, laundry connection in unit, maintenance structure, maintenance, management, snow removal, trash
  • Association Phone (317) 570-4358
  • The Modern Subdivision
  • Property managed by Kirkpatrick

Building Design

  • Mid-Rise Condominium

Unit Features

  • Laundry in unit
  • Washer and Dryer Hookup
  • Balcony

Unit Information By Building

Unit
Beds
2 Beds
Baths
1 Bath
Sq Ft
941
Price
$119,900
Price / Sq Ft
$127 / Sq Ft
List Date
03/05/2024

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
847 - 1,323
Est. Values
$130,006 - $316,386
2 Bedroom Units
Sq Ft Range
941 - 2,575
Est. Values
$136,826 - $378,921
3 Bedroom Units
Sq Ft Range
942 - 2,594
Est. Values
$316,386 - $378,921
All Units
Sq Ft Range
847 - 2,594
Est. Values
$130,006 - $378,921

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Bikeable

Bike Score®

66 / 100

Very Walkable

Walk Score®

71 / 100

Some Transit

Transit Score®

48 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

72 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$133K - $383K
Range of Taxes in Building
$1,024 - $5,089
Range of Taxes per Sq Ft
$1.21 - $4.36

Property Tax History

Source: Public Records

Building Team

Developer
Bruce A. Bodner Company, Inc.
Property Management
Es Properties LLC
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.