Price Reduction - New Construction
Address
1420 E Edwards Avenue, Indianapolis, IN
Price
$ 189,900
Property Attributes
- MLS#22113220
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaPerry
- NeighborhoodElders University Heights
- Zip46227
- StyleTraditional
- Year Built1905
- Taxes$ 3034
- Price$ 189,900
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage3396
- Lot Size0.26 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
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.
| Price History | |
|---|---|
| 7/10/2026 | Listed $199,900 |
| 7/30/2026 | 6$189,900 |
General Features
| Heating | None |
|---|---|
| Cooling | Central Air |
| Possession | Closing |
| Appliances | None |
| Garage Spaces | 2 |
| Patio/Porch Features | Covered,Deck |
| Architectural Style | Traditional |
| Construction Materials | Wood Siding |
| Year Built | 1905 |
| Township | Perry |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Elders University Heights |
| Facing Direction | South |
| Garage Y/N | Yes |
| Total Rooms | 7 |
| Full Baths | 2 |
| Status | Active |
| Directions | GPS Friendly |
| City | Indianapolis |
| High School District | Perry Township Schools |
| MLS Area | 4907 - Marion - Perry |
| Lot Size Square Feet | 11151 |
| Property Attached Y/N | No |
| Current Financing | FHA 203(k),Other |
| Property Condition | Under Construction |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Tax Lot | L359 |
| Legal Description | Elders Univ Hts L359 |
Interior Features
| Interior Amenities | High Ceilings,Entrance Foyer,Hi-Speed Internet Availbl |
|---|---|
| Basement | Daylight,Full,Unfinished |
| Total Fireplaces | 1 |
| Fireplace Features | Living Room,Masonry |
| Basement (Y/N) | Yes |
| Half Baths | 1 |
| Laundry Features | Main Level |
| Total Bedrooms | 4 |
| Main Level Bedrooms | 1 |
| LivingAreaSource | Assessor |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Barn Mini,Fire Pit,Smart Lock(s) |
|---|---|
| Fencing | Full,Privacy,Gate |
| Parking Features | Detached,Gravel |
| Lot Features | Corner Lot,Sidewalks,Mature Trees |
| Water Source | Public |
| Foundation Details | Block,Brick/Mortar,Full |
| Building Area Total | 3396 |
| Lot Size Acres | 0.26 |
| Other Equipment | Sump Pump |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46227
Price
Taxes
Year Built
Visits
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Last Updated: August 19, 2026 6:28 PM UTC
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on August 19, 2026 6:40 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
