Penn Arts







  • Beds: 1

    Baths: 2

    Price: $1065

    Square Footage: 925

    Deposit: $1000


    I'm Interested
  • Beds: 1

    Baths: 2

    Price: $1075

    Square Footage: 955

    Deposit: $1000


    Reserve Today!
  • Beds: 1

    Baths: 2

    Price: $1170

    Square Footage: 984 - 1,030

    Deposit: $1200


    Reserve Today!
  • Beds: 2

    Baths: 2

    Price: $1265

    Square Footage: 1,060

    Deposit: $1300


    Reserve Today!

Penn Arts

111 East 16th Street, Indianapolis, Indiana 46202
Call: 317-322-1322

Penn Arts

Apartment Amenities

  • Stained Concrete
  • Lovely Views
  • 2" Blinds
  • French Doors
  • Large Walk-in Closets
  • Open Style Kitchen w/Bar
  • Built-in Microwave
  • Dishwasher
  • Soaking Tubs

Estate Amenities

  • Luxury Gym
  • Laundry Lounge
  • Indoor Bicycle Parking
  • Intercom System
  • Smoke-Free Community
  • Elevator
  • Rooftop Terrace
  • Clubhouse
  • Trash Chute

Leasing Information


Pets Welcome Cats and Dogs Welcome

1 Year

Enjoy hip, higher end living at Historic Penn Arts in Downtown Indianapolis.

We at Reverie Estates own and manage all of our properties.  We work hard to develop great relationships with our residents.

The Historic Old Northside and Herron-Morton Place are both beautiful and highly regarded communities, and to the benefit of Penn Arts, it sits practically in both neighborhoods. Passerbys know they’re in the historic districts when they see the classy historic Penn Arts building after its full renovation.

The significant street frontage of the building gives it the ability to make a great impact on the essence of the area. The Penn-Arts Apartments were constructed in 1923 by the E.G. Spink Company. Constructed of concrete reinforced with steel and faced with brick and stone, the building was labeled “fireproof” on early maps. With 80 apartments on five floors, it was described in a May, 1923 newspaper article as having more apartments than any other apartment building in Indianapolis. Historically, the 1st floor contained five stores and a lobby. Residents of the Penn-Arts Apartments were primarily middle-class, a mix of singles and couples. Among the “modern” amenities were passenger and freight elevators and steam heat. Today, the apartment building is a contributing part of the Old Northside Historic District.