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(317) 459-5711

(317) 459-5711

1601 Spann Ave, Indianapolis, IN 46203

$210,000

Reduced By $10,000
last change 3/3/2025

A charming yellow house with a gray porch and a small front yard at 1601 Spann Ave, Indianapolis, IN 46203

  • Bedrooms

    3

  • Baths

    2

  • Sq. Feet

    2287

  • Year Built

    1955

  • Days on Market

    38

  • $/SqFt

    $92

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23 Photos

  • A charming yellow house with a gray porch and a small front yard at 1601 Spann Ave, Indianapolis, IN 46203
  • View down a residential alleyway with houses on either side at 1601 Spann Ave, Indianapolis, IN 46203
  • Rear exterior showcasing weathered siding, outdated fixtures, and a chimney at 1601 Spann Ave, Indianapolis, IN 46203
  • Image of a room under renovation, featuring new drywall, wooden planks, and natural light through the window at 1601 Spann Ave, Indianapolis, IN 46203
  • A room in need of renovation filled with insulation, tools, and a view outside the window at 1601 Spann Ave, Indianapolis, IN 46203
  • A room showing its dilapidated conditions with decaying walls, chairs, and a view of the home next door at 1601 Spann Ave, Indianapolis, IN 46203
  • Close-up view of a newly installed electrical panel at 1601 Spann Ave, Indianapolis, IN 46203
  • Under construction bathroom with exposed framing and brick at 1601 Spann Ave, Indianapolis, IN 46203
  • Under construction bathroom with exposed framing and brick at 1601 Spann Ave, Indianapolis, IN 46203
  • Unfinished basement with exposed support beams and pipes at 1601 Spann Ave, Indianapolis, IN 46203
  • Window under construction, showing the interior framing at 1601 Spann Ave, Indianapolis, IN 46203
  • Damaged window with exposed framing and plywood at 1601 Spann Ave, Indianapolis, IN 46203
  • Four-window view with exposed framing and insulation at 1601 Spann Ave, Indianapolis, IN 46203
  • Electric meter and breaker box on the side of a house at 1601 Spann Ave, Indianapolis, IN 46203
  • Image of a damaged concrete and brick foundation needing repair at 1601 Spann Ave, Indianapolis, IN 46203
  • Close-up of a red brick chimney needing maintenance at 1601 Spann Ave, Indianapolis, IN 46203
  • Driveway of a home needing maintenance. There is a car parked at the end of the driveway at 1601 Spann Ave, Indianapolis, IN 46203
  • An exterior view of the driveway in need of maintenance and various homes in the background at 1601 Spann Ave, Indianapolis, IN 46203
  • Image of a damaged basement featuring structural issues, a wooden ladder, and exposed walls at 1601 Spann Ave, Indianapolis, IN 46203
  • Basement in need of repair featuring brick walls, exposed wires, and a dirty concrete floor at 1601 Spann Ave, Indianapolis, IN 46203
  • Exposed brick wall detail with pipe penetration in an unfinished basement corner at 1601 Spann Ave, Indianapolis, IN 46203
More Photos \/
  • Unfinished basement with exposed brick walls and ductwork on ceiling at 1601 Spann Ave, Indianapolis, IN 46203
  • An unfinished basement showing exposed pipes, brick walls, and cobwebs at 1601 Spann Ave, Indianapolis, IN 46203
Less Photos /\

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Home Description

**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.

  • Property Type: Single Family
  • Style: Craftsman,TraditonalAmerican
  • Basement: Partial,Unfinished
  • Garage Spaces: 0
  • Acres: <1/4 Acre
  • Lot Description: Corner Lot,Curbs,Mature Trees,Sidewalks,Street Lights
  • Siding: Aluminum Siding,Brick
  • Patio & Porch: Covered Porch
  • Fencing: Partial

Available now at $210,000

Approximate Room Sizes / Descriptions

Family Room15x13Main
Dining Room15x12Main
Kitchen14x12Main
Laundry9x6Main
Loft11x10Upper
Primary Bedroom15x11Upper
Bedroom 214x13Upper
Bedroom 311x10Upper
  • Interior Description: Hardwood Floors,Paddle Fan,Raised Ceiling(s),Windows Vinyl,Windows Wood,Wood Work Painted
  • Full Baths: 2
  • Num Fireplaces: 0
  • Appliances: None
  • Eating Area: None
  • Equipment: Not Applicable
  • Heating: No Heating
  • Cooling: None
  • : frank.pyle@exprealty.com

Neighborhood

The average asking price of a 3 bedroom Indianapolis home in this zip code is $258,934 (23.3% more than this home).

This home is priced at $92/sqft, which is 62.0% less than similar homes in the 46203 zip code.

Potential Great Value

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School Information

  • School District:Indianapolis Public Schools

Financial

  • Approx Payment:$1,043*
  • Semi Annual Taxes:$659

Area Stats

These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (317) 459-5711 and speak with one of our real estate consultants.

Popular Homes

City
Avg Price
Median Price
Available
Distressed
Reduced
Avg DOM
Broad Ripple
$548,675
$437,450
20
0.0%
35.0%
108

Butler Tarkington
$454,588
$324,900
25
0.0%
56.0%
164

Downtown Indianapolis
$300,368
$209,900
53
0.0%
50.9%
206

Fountain Square
$314,477
$290,000
22
0.0%
63.6%
141

Irvington
$257,741
$219,000
89
0.0%
39.3%
73

Meridian Kessler
$612,911
$450,000
23
0.0%
26.1%
63

Listing Courtesy of eXp Realty LLC. For information or to schedule a viewing of this property (MLS# 22017738), call: 317-459-5711

1601 Spann Ave, Indianapolis IN is a single family home of 2287 sqft and is currently priced at $210,000 . This single family home has 3 bedrooms. A comparable home for sale at 2335 S Sheridan Ave in Indianapolis is listed at $239,900. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Indianapolis, IN. Beechcrest, Franklin Gardens and Emerson Heights are nearby neighborhoods. MLS 22017738 has been posted on this site since 1/14/2025 (today).

2025

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