Veterans United Realty
10 Photos

1601 Spann Avenue, Indianapolis, IN 46203

$220,000 Asking Price

3 beds
2 baths
1,808  sqft
Built in 1955

**Investment Opportunity in Fountain Square** Taken down to the studs with hung drywall. Ready to complete. This property boasts numerous updates as of 2023, including a **new roof, gutters, downspouts, soffits**, and some **replaced windows**. With **great bones**, this 3-4 bedroom, 2-bathroom, 2-story home features **10-foot ceilings** on the main floor. Originally configured as three units, it includes a staircase with direct outside access to the upper level, offering potential for conversion into a multi-unit property or an Airbnb. Located close to parks, downtown, breweries, and more, this home offers plenty of space in the back for parking or the addition of a garage. Opportunities like this are rare in Fountain Square, making it a prime candidate for a fix-and-flip or a beautiful remodel to live in.

Listing Status:
Active
Date Added:
January 13, 2025 — 2 days ago
Listing Office:
eXp Realty LLC, Frank Pyle (317-501-3467)
Office Phone:
frank.pyle@exprealty.com
MLS ID:
22017738

Features & Amenities

Interior

General:
Raised Ceiling(s), Hardwood Floors, Windows Vinyl, Windows Wood, Wood Work Painted, Paddle Fan
Appliances:
None
Basement:
Partial, Unfinished
A/C:
None
Heating:
No Heating
Fireplace:
Fireplaces: 0

Exterior

Style:
Craftsman, TraditonalAmerican
Other Structures:
Covered Porch
Parking:
Guest Parking, None

Construction

General:
Two, Block, Brick

Location

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

Lot

Zoning:
Spann & Cos 2nd Woodlawn Add L477, 491007112270000101
Fencing:
Partial

Utilities

Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
eXp Realty LLC, Frank Pyle

About Indianapolis, IN

Housing

Number of Units
439,918
Median Home Value
$169,609
Median Rent
$790

47.41% of housing units are renter occupied.

8.91% are vacant.

Commute

Car
76.18%
Public Transportation
1.34%
Walk to Work
1.81%
Work from Home
19.69%
Other
0.60%

The median travel time to work is 21 minutes.

People

Population
976,092
Median Age
35.40
Median Household Size
2.45

Education

High School
27.86%
Associate’s Degree
8.16%
Bachelor’s Degree
21.08%
Graduate Degree
11.46%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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