1521 E Legrande Ave Indianapolis, IN 46203
Near Southeast NeighborhoodEstimated payment $721/month
2
Beds
1
Bath
768
Sq Ft
$143
Price per Sq Ft
Highlights
- Updated Kitchen
- No HOA
- Woodwork
- Wood Flooring
- Formal Dining Room
- Bungalow
About This Home
Expand your portfolio with this promising 2-bedroom, 1-bathroom single-family home located near the vibrant neighborhoods of Garfield Park, Bates-Hendricks, and Fountain Square. With a wave of investment and revitalization happening in the area, this property is primed for growth and opportunity. Currently occupied by a tenant on a month-to-month lease, the property generates $1,200/month in rental income, and estimated market rent is $1,320. The home has been updated with a newer roof, fresh paint, modern light fixtures, contemporary appliances, and a renovated kitchen and bathroom, making it an appealing option for tenants and minimizing upkeep for owners. Positioned on the near southeast side, this home offers convenient access to a variety of amenities, including schools, parks, and shopping centers. It's strategically located near major thoroughfares such as S Keystone St, Raymond St, and Madison Ave, along with highways I-70 and I-65, facilitating easy commutes to significant employment centers like 16 Tech, IU Health Methodist Hospital, Eli Lilly, and downtown Indianapolis. This property is part of a comprehensive 16-property investment portfolio, which includes 11 duplexes, 3 single-family homes, and 2 vacant lots, and is not available for individual purchase. This portfolio presents a rare opportunity to secure a diverse range of properties in a dynamic and growing area. Don't miss this chance to be part of the dynamic growth in these popular Indy neighborhoods and enhance your investment portfolio!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,350
Year Built
- Built in 1926 | Remodeled
Home Design
- Bungalow
- Block Foundation
- Wood Siding
Interior Spaces
- 768 Sq Ft Home
- 1-Story Property
- Woodwork
- Formal Dining Room
- Wood Flooring
- Unfinished Basement
Kitchen
- Updated Kitchen
- Electric Oven
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Additional Features
- 7,144 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- J C Adams Subdivision
Listing and Financial Details
- Legal Lot and Block 45 / 1
- Assessor Parcel Number 491018214134000101
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $1,445 | $56,000 | $6,700 | $49,300 |
| 2023 | $1,445 | $57,200 | $6,700 | $50,500 |
| 2022 | $1,437 | $57,200 | $6,700 | $50,500 |
| 2021 | $1,238 | $50,000 | $6,700 | $43,300 |
| 2020 | $1,201 | $48,300 | $6,700 | $41,600 |
| 2019 | $1,157 | $45,600 | $3,500 | $42,100 |
| 2018 | $1,175 | $46,000 | $3,500 | $42,500 |
| 2017 | $996 | $43,300 | $3,500 | $39,800 |
| 2016 | $1,656 | $40,200 | $3,500 | $36,700 |
| 2014 | $964 | $44,600 | $3,500 | $41,100 |
| 2013 | $873 | $35,600 | $3,500 | $32,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | For Sale | $110,000 | -- | $143 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | First American Title | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $10,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Credit Line Revolving | |
| Previous Owner | $48,750 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $18,186 | Purchase Money Mortgage | |
| Previous Owner | $18,182 | Unknown |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22036842
APN: 49-10-18-214-134.000-101
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