1521 E Legrande AVE Indianapolis, IN 46203 Pending

UPDATED: 03/20/2026 05:45 PM ON MARKET: 252 days on market

$110,000

2 Beds1 Bath1,536 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 1,536 sqft

Price per Sqft $71

Subdivision J C Adams

MLS Listing ID 22036842

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1926

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Single Family Residence

Property Description

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.