1420 E Edwards Avenue, Indianapolis, IN 46227

• 4 beds |
• 3 baths |
• 2,264 sqft

Property Description

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 Status:

Active

Data Last Updated:

July 27, 2026 at 12:19AM

Listing Office:

DNA Properties, LLC : 317-721-5310

Listing Agent:

Gretchen Szostak : 317-721-5310

MLS ID:

22113220

Interior

• General: High CeilingsEntrance FoyerHi-Speed Internet Availbl
• Appliances: None
• Laundry: Main Level
• Basement: DaylightFullUnfinished
• A/C: Central Air
• Heating: None
• Fireplace: Living RoomMasonryFireplaces: 1

Exterior

• General: Barn MiniFire PitSmart Lock(s)
• Style: Traditional
• Other Structures: DeckCovered
• Parking: DetachedGravel

Construction

• General: TwoBlockBrick/MortarFull

Location

• Originating MLS: mibor
• School District: Perry Township Schools
• County: Marion

Lot

• Zoning: Elders Univ Hts L359491031101001336501
• Fencing: FullPrivacyGate

Utilities

• Water: Public

Financial

• Source: mibor