1221 Vandeman Street, Indianapolis, IN 46203

• 3 beds |
• 2 baths |
• 1,352 sqft

Property Description

This is an affordable housing build developed by Southeast Neighborhood Development (SEND). Buyer's income must qualify under current HUD Income Limits. Property must be owner-occupied. INCOME RESTRICTIONS APPLY WITHOUT EXCEPTION! HUD HOME Program Income Limits - total combined household income of all members 18+ cannot exceed the following income thresholds: Household of 1: $62,000, Household of 2: $70,850, Household of 3: $79,700, Household of 4: $88,550, Household of 5: $95,650, Household of 6: $102,750. All buyers must apply at SEND (Southeast Neighborhood Development) and qualify before an offer will be accepted. Sale of home to buyer is contingent upon SEND's determination that buyer's household income is at or below the HUD required 80% AMI and housing cost does not account for more than 30% of total monthly income. SEND will require a recapture agreement for the portion of the development gap / subsidy amount utilized to ensure affordability.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 12:20AM

Listing Office:

@properties : 317-902-3177

Listing Agent:

Daniel McNeal : 317-902-3177

MLS ID:

22102197

Interior

• Appliances: Electric Water HeaterElectric OvenRefrigerator
• Laundry: In Unit
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

• Style: Traditional

Construction

• General: OneSlab

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Hosbrooks Prospect St Add L140 & South 1/2 L141491017101037000101

Utilities

• Water: Public

Financial

• Source: mibor