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5022 University Avenue

Indianapolis, IN 46201

PendingListed Sep 18, 2026 · 7 days on market

Key facts

Beds
3
Baths
1 full
Living area
1,126 sqft
Lot
0.2 acres
Year built
1920
Type
Residential · Single Family Residence
Stories
Two
MLS #
22126962
County
Marion
Subdivision
Stones University
Total building area
1,534 sqft

About this home

Do you want the expensive items to already be newer? To save you money? Do you want to avoid the big expenses and focus on the cosmetic work and enjoy making it your home? This could be the one. It has several bonuses & features that are uncommon for homes in this area & price point. Come and see for yourself. Roof & HVAC new in the last 3-5 years. Wiring in electrical panel is tidy. Hot Water Heater is newer. Backyard offers much and has accents of a nostalgic "Pioneer Village". A true double-lot backyard with full privacy fence. Firepit area is meticulously neat with a large pea graveled area with fountain. Covered swing. has metal roof/barn wood covering giving you shade or rain shelter. Very nice large 16x12 Workshop/Barn has electricity, multiple work benches, full size 9-foot garage door for big mowers, motorcycles or simply to catch a good breeze. Smaller outbuilding is 9x9 mini-barn also with electricity. Admire it all from your elevated full-size deck, just off the back door. Park under the newer 20X20 Carport. Inside, the dining room has a fireplace and beautiful vintage, built-in buffet-cabinets. Similar to the houses in Irvington/old Broad Ripple/Garfield Park. After dinner head to the spacious, fully enclosed front porch with wrap around windows. Catch the night breeze without getting bug-bit. The 2 downstairs bedrooms could be opened up into a large master suite, as they already share a common-wall closet. Upstairs has been long left alone with the kids being grown and long gone. But it is ready for a clean-up and a new purpose. There is light carpentry needed as the faces have loosened on some kitchen drawers and other similar needs. All appliances stay. Lots of cabinet space. Beautiful rose bushes. This 1920 home has features that are hard to duplicate. Some straightforward paint, flooring and some light carpentry will make this home yours. Estate sale. Sold As-Is

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerGas Water HeaterGas OvenRefrigeratorWasherWater Heater
Interior features
Attic StairwayBreakfast BarPaddle FanHi-Speed Internet AvailblWood Work Painted
Kitchen
Kitchen Galley
Other rooms and areas
Laundry in Unit
Basement
PartialUnfinished
Fireplaces
1
Fireplace type
Dining Room
Laundry
In Unit
Windows
Low-Emissivity Windows
Rooms
6
Main-level bedrooms
2

Exterior

Exterior features
Barn MiniFire PitStorage ShedWater Feature Fountain
Patio and porch
DeckGlass Enclosed
Construction
Vinyl SidingWood Siding
Foundation
Block
Style
Traditional
Parking and garage
CarportWorkshop in Garage
Fencing
FullPrivacy
Other structures
Outbuilding

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Lot and HOA

Lot features
Sidewalks

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$228 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$666per month, estimated
Principal and interest $605Property tax $19Insurance $42
20% · $24,000
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$120,000
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