Don't miss this 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. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an investor looking to add to their portfolio. 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.
Active
$110,000
1521 E Legrande Ave, Indianapolis, IN 46203
2beds
1,536sqft
Est.:
Residential, Single Family Residence
Built in 1926
6,969.6 Square Feet Lot
$-- Zestimate®
$72/sqft
$-- HOA
What's special
Modern light fixturesContemporary appliancesRenovated kitchenFresh paintNewer roof
- 154 days |
- 327 |
- 28 |
Zillow last checked: 8 hours ago
Listing updated: November 02, 2025 at 06:44am
Listing Provided by:
Andy Tresize 317-701-4289,
Compass Indiana, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22036842
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 2
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Dining room
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Kitchen
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8x10
Living room
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Oven, Refrigerator
Features
- Hardwood Floors
- Flooring: Hardwood
- Windows: Wood Work Painted
- Basement: Unfinished
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
Lot
- Size: 6,969.6 Square Feet
Details
- Parcel number: 491018214134000101
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1926
Utilities & green energy
- Water: Public
- Utilities for property: Water Connected
Community & HOA
Community
- Subdivision: J C Adams
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $72/sqft
- Tax assessed value: $56,000
- Annual tax amount: $1,350
- Date on market: 7/16/2025
- Cumulative days on market: 154 days
Estimated market value
Not available
Estimated sales range
Not available
$1,197/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2025 | Listed for sale | $110,000+120.4%$72/sqft |
Source:  MIBOR as distributed by MLS GRID #22036842 Report a problem | ||
| 2/18/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/15/2022 | Price change | $1,200-4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/7/2022 | Listed for rent | $1,250+47.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/26/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,357 +0.5% | $56,000 -2.1% |
| 2023 | $1,351 +17.1% | $57,200 |
| 2022 | $1,153 +3.1% | $57,200 +14.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$547/mo
Principal & interest
$427
Property taxes
$81
Home insurance
$39
Climate risks
Neighborhood: Near Southeast
Nearby schools
GreatSchools rating
- 3/10Frederick Douglass School 19Grades: PK-8Distance: 0.3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.6 mi
- 7/10William McKinley School 39Grades: PK-6Distance: 1.4 mi
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