1520 North

Grant Ave
Indianapolis, Indiana
46201

Fantastic buy! Completely renovated home in the Historic Little Flower District.
Ready to move in or to be rented. Updated kitchen with new cabinets and sink.
Extra large living room with a fireplace. New carpet installed throughout this
beautiful home. Nice backyard and a nice covered front porch for entertainment
during the spring and summer months. Full basement-freshly painted with
laundry hook-up in basement and a one car garage.
 1520 North Grant Ave

SINGLE FAMILY HOME LOCATED IN THE HISTORIC LITTLE

FLOWER NEIGHBORHOOD OF INDIANAPOLIS.
 1520 North Grant Ave

The Bottom Line-Investors Numbers

All Cash Purchase of $40,000

Built in Equity over $20,000
Monthly Rental Income = +$550.00
Monthly Insurance payment = -47.00
Property Management fees 10% of the monthly rents = -55.00
Monthly payment for taxes = -104.00
Net Monthly Cash Flow = +$344.00

Yearly Financial Projection on an all cash purchase of $40,000

Income Rents ($550 per month x 12) = +$6,600.00
Yearly Taxes for 2007 = -1,248.00
Yearly Insurance Premium = -564.00
Property Management fees 10% of rents = -660.00
Net Annual Income = +$4,128.00

Yearly Financial Projection at 7% APR fix with down payment of 20%=$8,000 on a 30 year investor
loan. Financing the remaining $32,000 with a monthly payment of $213.00.

Purchase Price $40,000

Income Rents ($550 per month x 12) =+$6,600.00
Yearly Taxes for 2007 = -1,248.00
Yearly Insurance Premium = - 564.00
Property Management fees 10% of rents = - 660.00
Net Annual Income =+$4,128.00
CASH ON CASH RETURN (Net Annual Income $4,128/Initial Investment $8,000) = + 52%
Net Monthly Cash Flow = +$131.00

Financing the entire purchase $40,000 with no down payment

Built in Equity over $20,000
Monthly Rental Income = +$550.00
Monthly payment on a 30 years investor loan at 7% APR fix = -266.00
Monthly insurance payment = -47.00
Property Management fee 10% of the monthly rents = -55.00
Monthly payment for taxes = -104.00
Net Monthly cash flow = +$78.00
 1520 North Grant Ave

PROPERTY DETAILS

Discounted Sale Price: $40,000

No repairs needed- Rent or move in condition ready

Conservative Estimated Value - $58,000- $68,500

2 Bedrooms, 1 Bathroom and 1 Car Garage

Rents for $550/Month

Master Bedroom: 12 x 11

Second Bedroom: 12 x 10

Dining Area: 9 x 7

Living Room w/Fireplace: 14 x 13

Kitchen: 10 x 9

Semi-taxes-$ 624

Total Square footage- 1,210

Main-810

Finished Basement-400

Lot Size- 36 x 150

Arch Style-Bungalow

Foundation-Basement-Block

County: Marion

Year Built-1940
1520 North Grant Ave

Interior Pictures
1520 North Grant Ave

Interior Pictures
 1520 North Grant Ave

Neighborhood of the subject property

 1520 North Grant Ave

Recent
ecent Comparables and Locations
Subject
ect property is highlighted in red. Comparable properties are highlighted in green.

Property location
lo is on the
North West Corner of N.
1520 N.
Grant Ave and 16th Street.
Grant Ave
Ave- 1401 N.
For Sale Euclid Ave-
$40,000 Sold for
$65,000

4116 E.11th
941 N.
Street-Sold
Chester
for$68,500
Ave-Sold
for $58,000

Residential Single Home Residential Single Home Residential Single Home Residential Single Home

For Sale $40,000 Sold-$68,500

$68,500 Sold-$65,000 Sold-$58,000
Sold

Listed-$70,000
$70,000 Listed-$69,900 Listed-$64,900
Listed
ML#:

ML#:2758538
2758538 ML#: 2800339 ML#:2740993
1520 N. Grant Ave
Indianapolis, IN 46201
4116 E. 11th St. Indianapolis, 1401 N. Euclid Ave 941 N. Chester Ave
IN 46201 Indianapolis, IN 46201 Indianapolis, IN 46201
Year Built- 1940

Year Built
Built-1923 Year Built-1927 Year Built-1925
Built
Township- Center NE

Township
Township-Center NE Township- Center Township-Center
Township NE
Arch Style- Bungalow

Arch Style
Style- Bungalow Arch Style- Bungalow Arch Style-
Style Two Story
Foundation-Basement-Block

Foundation
Foundation- Basement-Block Foundation- Basement-Block Foundation-
Foundation Basement-Block
Basement- 400 Sq. Ft.

Basement
Basement- 819 Sq. Ft. Basement- 884 Sq .Ft. Basement-
Basement No Basement
Garage- 1 Car Garage

Garage- 1 Car Garage Garage- 2 Car Garage Garage-

Garage 1 Car Garage
Lot Size- 36 x 150

Lot Size- 40 x 151 Lot Size- 46 x 110 Lot Size-

Size 40 x 135
Semi Tax- $624

Semi Tax
Tax- $582 Semi-Tax- $747 Semi-
Semi Tax- $283
 1520 North Grant Ave

Little Flower Neighborhood

History
The Little Flower Neighborhood developed in the 1920s, with the majority of homes constructed in the
1930s and 1940s. Homes were built around St. Therese, the Little Flower Catholic Church and School
founded in 1925, which continues to be the anchor of the neighborhood. In 1953, Father Thomas
Scecina Memorial High School was added. "Scecina", as most people call it, is considered one of the
top private schools in Indianapolis. The Little Flower Neighborhood has maintained this family oriented
community for over eighty years.

Homes
Bungalows Galore! One of the most distinct features of the Little Flower neighborhood is the homes.
Most homes are two to three bedrooms in the Arts and Crafts, California Bungalow and Tudor Revival
styles. Almost every home has a large front porch which gets a lot of use in the summer months.
Being an older neighborhood, large mature trees abound throughout.

Location
The Little Flower Neighborhood is located on the near eastside of Indianapolis; bordered by 16th
Street to the north, 10th Street to the south, Emerson Avenue to the east and Sherman Drive to the
west. The Little Flower Neighborhood is a ten minute commute to Downtown Indianapolis.

Benefits
Little Flower is an established, safe and family oriented neighborhood. It offers home buyers an
affordable opportunity to live in a historic community only minutes away from thriving Downtown
Indianapolis and Historic Irvington.

The neighborhood has an active association called the Little Flower Neighborhood Association (LFNA).
LFNA exists to maintain and enhance the quality of the Little Flower Neighborhood community. LFNA
meets and publishes a newsletter six times annually. The Association meetings provide an open public
forum for residents to speak about issues pertinent to the neighborhood.

• Subject property is located in the North West of North Grant Ave and 16th Street.
• For more information of the great neighborhood of Little Flower, please visit:

http://www.littleflowerneighborhood.com/
 1520 North Grant Ave

Key Anchors/Amenities

Places of Worship-Little Flower Catholic Church, Eastside Church Nazarene,

Wallace Street Presbyterian.

Schools-St.Therese of the Little Flower Church, Scecina Memorial High School.

Hospitals- Community Hospital East, Community Health Network.

Parks- Ellenberger Park, Forest Manor Park, Brookside Park.

Golf- Pleasant Run Golf Course.

Shopping Malls- AJ Wright.

Pharmacy- CVS/Pharmacy, Walgreens.

Movies DVD/RENTAL-Blockbuster Video.

Major Retail- Dollar General.

Grocery Store- Kroger, Safeway, Village Pantry.

Gas Station- Speedway.

Banks- National City, Chase.

Dining- Dairy Queen, Hardee’s, Subway, McDonalds, Starbucks.

Bars/Clubs- Sportz Bar, J-Clyde’s Pub.

Museums- Brickyard 400 Hall of Fame Museum.

 1520 North Grant Ave

Key Anchors / Amenities Map

1520 N. Grant
Ave

**Anchors/Amenities are located within a two mile radius of the subject property. They are also
factors used in determining the future value of the property.
1520 North Grant Ave