1420 E Edwards Ave , Indianapolis, IN 46227
$179,900
- 4
- beds
- 2 full · 1 half
- baths
- 2,264
- sqft
- 1905
- year built
$179,900
1420 E Edwards Ave , Indianapolis, IN 46227
- 4
- beds
- 2 full · 1 half
- baths
- 2,264
- sqft
- 1905
- year built
- Status:
- Active
- MLS #:
- 22113220
- Neighborhood:
- Elders University Heights
- County:
- Marion
- Listed By:
- Gretchen Szostak - DNA Properties, LLC
- Agent Phone:
- (317) 721-5310
- Agent Email:
- gretchen@DNApropertiesIndy.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
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.
Highlights
- Residential
- Single Family Residence
- Built in 1905
- 0.26 Acre Lot
- 2 Car Garage
- 126 days on Market
-
- Bedrooms
- 4
-
- Bathrooms
- 2 full · 1 half
-
- Year Built
- 1905
-
- Architectural Style
- Traditional
-
- Construction Materials
- Wood Siding
-
- Foundation
- Block, Brick/Mortar
-
- Garage Spaces
- 2.0
-
- Parking Features
- Gravel, Detached
-
- Living Area
- 2264.0
-
- Interior Features
- Walk-In Closet(s), High Ceilings, Entrance Foyer
-
- Appliances
- None
-
- Exterior Features
- Fire Pit
-
- Patio And Porch
- Covered, Deck
-
- Cooling
- Central Air
-
- Heating
- None
-
- Basement
- Full, Unfinished, Daylight, Sump Pump
-
- Acres
- 0.26
-
- Lot Features
- Corner Lot
-
- Water
- Public
-
- Area
- 4907 - Marion - Perry
-
- County
- Marion
-
- City
- Indianapolis
-
- Neighborhood
- Elders University Heights
-
- Zip Code
- 46227
-
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Price History
| 09/22/2026 | Price Changed | $179,900 |
| Source: MIBOR Broker Listing Cooperative #22113220 | ||
| 07/10/2026 | Listed | $199,900 |
| Source: MIBOR Broker Listing Cooperative #22113220 | ||
Source: MLS Data
Deed History
| 03/06/2018 | Quit Claim Deed (non-arm's length) | $0 |
| 04/27/2012 | Special Warranty Deed | $61,900 |
| 04/04/2012 | Quit Claim Deed (non-arm's length) | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 05/29/2008 | Open End with Future Advance Clause / Open End Mortgage | $112,471 |
| 10/26/2006 | ARM (Adjustable Rate Mortgage as of August, 2009) | $106,250 |
| 09/27/2006 | Conventional | $106,250 |
Source: Public records via Constellation Data Labs
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There are currently 5065 properties available in Indianapolis, with 0 under contract to close soon. Properties in the city have an average sale price of $286,520 and typically spend 69 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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Click Ask a Question to talk with our team. You already know it is a 4 bed, 2 bath, listed for $179,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Indianapolis, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 1420 E Edwards Ave?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1420 E Edwards Ave at around $1,024. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 1420 E Edwards Ave?
In most cases, yes. Whether 1420 E Edwards Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Indianapolis's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
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What is the price per square foot for this home?
This home is listed at $179,900 with 2,264 sqft of space—that comes out to approximately $79 per square foot.
How long has this property been on the market?
1420 E Edwards Ave was listed on July 10, 2026, which means it's been on the market for 126 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1905, making it approximately 121 years old.
What is the lot size of this property?
1420 E Edwards Ave sits on a 0.26-acre lot, which is 11,326 square feet.
Is 1420 E Edwards Ave still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Based on information submitted to the MLS GRID as of November 13, 2026 at 02:33PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
