Indianapolis Public Schools Homes with Finished Basement

Indianapolis Public Schools Homes with Finished Basement

Welcome to the vibrant community of Indianapolis, Indiana, where the charm of urban living meets the comfort of a suburban lifestyle. If you’re considering a move to this dynamic city, you’ll be pleased to know that it is served by the renowned Indianapolis Public Schools (IPS) district. Known for its commitment to educational excellence, IPS offers a wide range of programs and resources designed to cater to the diverse needs of its students. With a focus on innovation and community engagement, families in Indianapolis can feel confident that their children are receiving a quality education that prepares them for future success.

When it comes to finding your dream home in this thriving area, you’ll discover a variety of options, including homes with finished basements—an ideal feature for families looking for extra space. Finished basements provide versatile areas that can serve as playrooms, home theaters, or even guest suites, allowing for both relaxation and entertainment. Imagine hosting family gatherings or cozy movie nights in your spacious basement, all while enjoying the warmth and charm of your Indianapolis home.

The neighborhoods within the IPS district are not only family-friendly but also rich in culture and community spirit. From local parks to bustling markets, there’s something for everyone. With a variety of homes available, particularly those with finished basements, you can find a perfect fit for your lifestyle in Indianapolis. Embrace the opportunity to become part of this welcoming community, where education and home life harmoniously blend. Explore the possibilities today!

Newest Indianapolis Public Schools Homes with Finished Basement

$1,399,900
5 Beds 4 Baths
Luxury Home plus Luxury Carriage House Apartment! Experience refined urban living at 1606 N New Jersey Street, where timeless character, luxury finishes, and an exceptional location come together beautifully. Abundant natural light showcases the hardwood floors and open floor plan designed for both comfortable living and effortless entertaining. The impressive gourmet kitchen features top-of-the-line appliances, quartz countertops, a walk-in pantry, and an oversized center island. The main level also offers an incredible wine bar, dual-sided fireplace, spacious great room opening to the covered rear porch, first-floor bedroom or private office, full bathroom, and a generously sized mudroom. Upstairs, the expansive primary suite is a true retreat, complete with a private balcony, deluxe 18' x 10' walk-in closet, and spa-inspired luxury bathroom. Two additional bedrooms, another full bathroom, and a convenient second-floor laundry room complete the upper level. The finished lower level provides even more room to relax and entertain, featuring a large family room and wet bar-the perfect hideaway for movie nights, game days, or hosting guests. Outdoor living is equally inviting with a covered front porch, covered rear patio, and beautifully landscaped, fully fenced yard. The finished three-car garage includes a convenient dog-washing station. Adding tremendous value and versatility is the separate luxury carriage house apartment-ideal for guests, extended family, a private office, or potential rental income. Located in one of Indianapolis' most desirable urban neighborhoods, this exceptional property is just steps from Tinker Street Restaurant and Foundry Provisions Coffee Shop, with quick access to Downtown Indianapolis, Broad Ripple, dining, shopping, parks, and entertainment. This is more than a home-it's an opportunity to enjoy luxury, flexibility, and an unbeatable Indianapolis lifestyle. Don't let this opportunity pass you by!

1606 N New Jersey Street, Indianapolis

Listing courtesy of eXp Realty LLC.

$1,499,000
4 Beds 4 Baths
An architectural work of art, this extraordinary Mission Revival residence is a one of a kind, distinctive Indianapolis home. Originally designed by renowned local architect Clarence Martindale, 3159 N. Pennsylvania is reimagined for modern luxury living. Fine craftsmanship and restoration reside in graceful arches, designer lighting, solid 18-inch-thick exterior walls, and immaculate tile finishes that honor the home's character. A custom landscape plan, combined with renovated windows, roof, insulation, stucco, and bespoke interior millwork, provide unmatched scale and enduring beauty. The stunning kitchen is outfitted with quartzite countertops, a walk-in pantry, Bertazzoni appliances and a statement plaster range hood. Natural light shines in the living room with exposed wooden beams, a gas fireplace, and arched French doors that lead to an impressive veranda elevated above Pennsylvania Street, perfect for al fresco gatherings. The circular floorplan offers a dining or media room complete with a soapstone wet bar, and sophisticated office with restored original pocket doors. The mudroom, full bath, and attached two-car garage enhance easy living. Ascend the preserved staircase illuminated by original leaded-glass windows, to the primary suite featuring a California Closets walk-in wardrobe and spa-inspired bath. Two additional bedrooms, a secondary bath, and dedicated laundry room bring valuable function. The finished lower level expands livability with a fourth bedroom, full bath, spacious living area, and flexible space. Additional highlights include surround sound, dual HVAC systems, irrigation system, ample custom closet storage, and a fenced yard suited for pets, play area, or additional gardens. Join the Meridian Park neighborhood, connected to all of downtown and the best of Indianapolis. 3159 N. Pennsylvania unites architectural significance and modern luxury into an unparalleled residential masterpiece, ready for its new curator.

3159 N Pennsylvania Street, Indianapolis

Listing courtesy of Encore Sotheby's International.

$250,000
4 Beds 3 Baths
Welcome to 3516 Salem Street in Indianapolis-a beautifully updated home offering a fantastic combination of modern improvements, flexible living space, and an incredibly convenient location just minutes from Downtown Indianapolis. The remodeled basement, completed in 2023, adds valuable additional living space and features a custom kitchen with stainless-steel appliances, custom cabinetry, and quartz countertops, along with a bedroom. The newly installed full bathroom is sure to impress and improves function. The finished basement also offers the potential for additional rental or income-producing use, with the seller estimating approximately $1,000 per month in potential income. Connections are already in place for a separate in-unit laundry setup. Additional improvements include new flooring installed in 2024, appliances purchased in 2023 that will remain with the home, a new privacy fence installed in 2023, and a new deck built in 2025-creating an inviting outdoor space for entertaining, relaxing, or enjoying the warmer months. Location is another major highlight. Situated approximately 6 minutes from Downtown Indianapolis, you'll have convenient access to restaurants, entertainment, sporting events, shopping, employment centers, and everything the city has to offer. Families will also appreciate the proximity to The Children's Museum of Indianapolis, located approximately half a mile away. Ownership of this home may have access to free annual passes to the children's museum if you apply. With thoughtful updates, a finished basement offering flexible possibilities, newer major improvements, and a prime Indianapolis location, 3516 Salem Street is a property that offers both immediate comfort and long-term potential. Come see everything this home has to offer!

3516 Salem Street, Indianapolis

Listing courtesy of My Agent.

$600,000
4 Beds 4 Baths
What if your city house came with 4,000+ square feet, downtown skyline views...and chickens? . Welcome to one of those Indianapolis homes that refuses to be boring. Originally built in 1915 and completely reimagined for modern living, this massive 4-bedroom, 3.5-bath home delivers approximately 4,048 square feet across FOUR levels-including a finished basement and finished attic-giving you room to work, host, hide from everyone, or finally have that hobby room you keep talking about. Inside, historic Indianapolis character meets a fresh, modern renovation. The updated kitchen brings the good stuff: stainless steel appliances, custom range hood, wine cooler, oversized island with sink and an open layout that actually makes sense for entertaining. Multiple living spaces mean everyone gets somewhere to land, while the upper levels offer even more flexibility for an office, studio, playroom, workout space or guest retreat. Outside? A fenced backyard, mature trees, covered porch, balcony, detached 2-car garage...and yes, your very own CHICKEN COOP. In the city. Your cottagecore dreams just got an Indianapolis address. And the location may be the sleeper hit. Grab coffee at nearby Command Coffee, walk or bike down Delaware to the iconic Goose the Market for one of Indy's favorite sandwiches and specialty groceries, meet friends for a beer at MashCraft, or hop on the nearby Fall Creek/Monon trail network and explore the city on two wheels. You're tucked into Mapleton-Fall Creek with quick access to Herron-Morton, Fall Creek Place, the Indiana State Fairgrounds, Broad Ripple, Mass Ave and Downtown Indianapolis. No HOA. Tons of space. Historic bones. Modern updates. Garage. City views. Chickens. Basically, if you've been searching for a large renovated historic home near Downtown Indianapolis with room to spread out AND a neighborhood where you can actually go do things-this is your sign. Come for the house. Stay because you can have backyard chickens and bike to coffee.

3017 N Delaware Street, Indianapolis

Listing courtesy of eXp Realty, LLC.

$215,000
2 Beds 2 Baths
More SPACE than you expect, inside AND out! This one level brick home with a FULL basement offers a flexible floor plan, great storage, and plenty of EXTRAS that make it stand out. The spacious living room is FILLED with natural light and features beautiful hardwood floors that continue into both main level bedrooms. Each bedroom has two windows, a ceiling fan, and its own small walk-in closet. The main level full bath features a tub and a large linen closet. The kitchen OFFERS plenty of cabinets, a pantry, butcher block countertop, backsplash, and a comfortable breakfast nook. All kitchen appliances stay, making move-in day a little easier. AND THEN there's the basement - you may be surprised by just how much space is down there! A large finished area with daylight windows, a walk-in closet, and its own full bathroom with a stand-up shower gives you plenty of options. Use it as a PRIMARY suite, third bedroom, guest space, or additional living area. There is also a dedicated office already set up and ready for you. The oversized laundry room includes a utility sink, washer and dryer, plus there is plenty of additional storage. The sunroom ADDS even more usable space and features two ceiling fans and a window A/C unit. PRIVATE fenced patio area to enjoy evenings around the fire pit. The fire pit, grill, and picnic table are all included. NEED room for cars, tools, hobbies, or just all that stuff you don't want in the house? You've got it! The two-car detached garage includes a 20x10 workshop, PLUS two huge mini barns. Some of the BIG ticket updates have already been made for you - the roof is 7 years old, the furnace and water heater are only 2 years old. One level living, a full basement, TWO full bathrooms, flexible bedroom space, a workshop, and tons of storage - this home has more to offer than you might expect. Come see it for yourself!

6102 E 14th, Indianapolis

Listing courtesy of M & E Realty Group.

$689,000
2 Beds 3 Baths
Upgrades galore in downtown Indianapolis' coveted, gated Watermark community! This turn-key home delivers thoughtful details at every turn, offering the perfect blend of sophisticated city living, premium privacy, and peace of mind. The heart of the home is a chef's kitchen designed perfectly for entertaining. It features premium custom cabinetry, beautiful granite countertops, a central island, a built-in Sub-Zero refrigerator, and high-end GE Monogram appliances, along with an eat-in kitchen. The sophisticated living spaces offer unparalleled comfort and functionality. Work from home seamlessly with dual dedicated office spaces, both featuring beautiful built-in bookcases. The primary retreat serves as a spacious sanctuary boasting two massive walk-in closets. Throughout the home, you will find three full upgraded bathrooms, fresh paint from top to bottom, and upgraded windows with integrated UV protection. Even the drywall is extra-thick to ensure exceptional peace, quiet, and soundproofing. For ultimate downtown convenience, the home also includes a rare 2-car attached garage. Enjoy the outdoors throughout the seasons with three distinct private outdoor areas, including a relaxing screened-in porch, a covered patio, and a covered balcony space perfect for your morning coffee. Nestled in an exclusive gated neighborhood, you are just moments away from the Indianapolis Canal Walk, major hospitals, Eli Lilly, and the very best dining, shopping, and entertainment that downtown Indianapolis has to offer.

663 Ellsworth Street, Indianapolis

Listing courtesy of @properties.

Start Your Search

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative