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1420 E Edwards Avenue

Indianapolis, IN 46227

ActiveListed Jul 10, 2026 · 75 days on market

Key facts

Beds
4
Baths
2 full · 1 half
Living area
2,264 sqft
Lot
0.26 acres
Year built
1905
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22113220
County
Marion
Subdivision
Elders University Heights
Total building area
3,396 sqft

About this home

READ AGENT REMARKS BEFORE SCHEDULING SHOWING. Indianapolis investment opportunity on a prime corner lot near the University of Indianapolis and just a short drive from downtown. Gutted to the studs and ready for its next chapter, this property comes with permit-ready plans for a 4-bedroom, 2.5-bath home featuring 9'+ ceilings, an open living room flowing into a huge kitchen and dining combo, and a private main-level primary suite with walk-in closet and en-suite bath. A half bath and laundry room round out the main level. Upstairs, three additional bedrooms - two with charming window seats and one boasting a huge walk-in closet - share a full bath, complemented by a linen closet and a skylight-lit stairwell that fills the upper level with natural light, plus a laundry chute for everyday convenience. The unfinished basement offers excellent storage or workshop space. Curb appeal is already in place with newer LP SmartSide siding, a newer roof, a striking red front door with sidelights, a covered front porch, and beautiful mature landscaping. Outside, enjoy a large detached 2-car garage, an expansive deck, and a fully fenced, privacy-fenced backyard. Situated on a .26-acre corner lot with 82' of frontage and 136' of depth, this property may also offer potential to split off a second buildable lot (subject to zoning approval) - a compelling upside for builders and investors seeking new construction or fix-and-flip potential in a high-demand area near the university. Bring your vision and your contractor; the heavy lifting of demo and design is already done.

Description provided by the listing brokerage.

Interior

Interior features
High CeilingsEntrance FoyerHi-Speed Internet Availbl
Other rooms and areas
Bedroom Other on MainLaundry in Unit
Basement
DaylightFullUnfinished
Fireplaces
1
Fireplace type
Living RoomMasonry
Laundry
Main Level
Windows
Vinyl Windows
Rooms
7
Main-level bedrooms
1
Condition
Under Construction

Exterior

Exterior features
Barn MiniFire PitSmart Lock(s)
Patio and porch
CoveredDeck
Construction
Wood Siding
Foundation
BlockBrick/MortarFull
Style
Traditional
Parking and garage
DetachedGravel
Fencing
FullPrivacyGate
Other equipment
Sump Pump

Systems

Cooling
Central Air
Water
Public

Lot and HOA

Lot features
Corner LotSidewalksMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,034 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,223per month, estimated
Principal and interest $907Property tax $253Insurance $63
20% · $35,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$179,900
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