1420 E Edwards Ave Indianapolis, IN 46227
University Heights NeighborhoodEstimated payment $1,326/month
Highlights
- Hot Property
- Deck
- Corner Lot
- Mature Trees
- Traditional Architecture
- High Ceiling
About This Home
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.
Listing Agent
DNA Properties, LLC Brokerage Email: gretchen@DNApropertiesIndy.com License #RB14046580 Listed on: 07/10/2026
Co-Listing Agent
DNA Properties, LLC Brokerage Email: gretchen@DNApropertiesIndy.com License #RB14047487
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,948
Year Built
- Built in 1905 | Under Construction
Lot Details
- 11,151 Sq Ft Lot
- Corner Lot
- Mature Trees
Parking
- 2 Car Detached Garage
Home Design
- Traditional Architecture
- Brick Foundation
- Block Foundation
- Wood Siding
Interior Spaces
- 2-Story Property
- High Ceiling
- Fireplace Features Masonry
- Entrance Foyer
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Smart Locks
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry Room
- Laundry on main level
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Natural lighting in basement
Outdoor Features
- Deck
- Covered Patio or Porch
- Fire Pit
- Shed
Utilities
- Central Air
- High Speed Internet
Community Details
- No Home Owners Association
- Elders University Heights Subdivision
Listing and Financial Details
- Tax Lot L359
- Assessor Parcel Number 491031101001336501
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,947 | $124,300 | $28,000 | $96,300 |
| 2024 | $2,752 | $124,200 | $28,000 | $96,200 |
| 2023 | $2,752 | $111,500 | $28,000 | $83,500 |
| 2022 | $2,498 | $101,400 | $28,000 | $73,400 |
| 2021 | $2,204 | $91,100 | $28,000 | $63,100 |
| 2020 | $2,145 | $88,300 | $28,000 | $60,300 |
| 2019 | $2,000 | $80,600 | $21,200 | $59,400 |
| 2018 | $1,791 | $71,200 | $21,200 | $50,000 |
| 2017 | $1,579 | $109,500 | $21,200 | $88,300 |
| 2016 | $2,174 | $100,300 | $21,200 | $79,100 |
| 2014 | $1,921 | $88,800 | $21,200 | $67,600 |
| 2013 | $925 | $88,000 | $21,200 | $66,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/10/2026 07/10/26 | For Sale | $199,900 | -- | $88 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Special Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $112,471 | Future Advance Clause Open End Mortgage | |
| Closed | $106,250 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22113220
APN: 49-10-31-101-001.336-501
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Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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