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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Shelbyville, Indiana and the rest of Hamilton County. Book a private tour of 535 Dunn Avenue, ask any question about this home, or talk through what you should know about buying in Shelbyville.

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ABOUT THIS HOME

Character, flexibility, and income potential - this 1939 home delivers all three. Set on nearly half an acre just minutes from downtown Shelbyville, the main residence greets you with a charming wrap-around front porch and a welcoming foyer that sets the tone for the generous space within. The main level offers a formal dining room, eat-in kitchen, two large rooms, and a full bath. Beyond the kitchen, a separate room with its own full bath and private side entrance creates an opportunity for a kitchenette conversion - pair it with the two large upstairs rooms and you have a self-contained upper-suite ideal for extended family or a rental tenant. Continue through the kitchen to a large utility/laundry room with cellar access and a mud room that bridges the original house to the uniqueness of this property: a finished studio apartment boasting a generous living area, full kitchen, private full bath, and its own exterior entrance. Whether you envision a rental unit, home business, creative studio, or guest quarters, this space delivers - and if garage use is ever preferred again, reinstalling doors is entirely feasible. A gravel parking pad accommodates multiple vehicles, and a rear shed handles all your storage and lawn care needs. With 4,198 square feet of workable space, 3 full baths, and multiple living configurations under one roof, this property is a rare find for investors, owner-occupants seeking rental income, or buyers who simply need room to grow. Come see the possibilities!

Listed by Lori Ann Meyer· Highgarden Real Estate· MLS# 22096395
Off Market4 days on market

$175,000

4Beds
3Baths
2,816Sq Ft

Character, flexibility, and income potential - this 1939 home delivers all three. Set on nearly half an acre just minutes from downtown Shelbyville, the main residence greets you with a charming wrap-around front porch and a welcoming foyer that sets the tone for the generous space within. The main ...

Listed by Lori Ann Meyer· Highgarden Real Estate· MLS# MBR22096395

2,816

Sq Ft

1939

Year Built

4

Bedrooms

3

Bathrooms

Key things to know

  • Basement

Price history

  1. Off market

    Apr 22, 2026

  2. Listedat $175,000

    Apr 19, 2026

Comparative value

5 comps in this range

This home is 39% below median for similar nearby sales.

$235K$387KMedian $287K
$175K

FEATURES & AMENITIES

Interior

Attic AccessCeiling VaultedEntrance FoyerPaddle FanEat-in Kitchen

Exterior

Storage Shed

Climate

Heat: ElectricHeat: Forced AirHeat: Natural GasHeat: Heat PumpCool: Central AirCool: Heat Pump

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $175,000Listed· Apr 19, 2026

4 days on market

Layout

Main
238 rooms2,306 sq ft
Upper
22 rooms510 sq ft
Basement
1 rooms

Primary suite

Bedroom Split

Schools

Shelbyville Central Schools

  • Middle

    Shelbyville Middle School

  • High

    Shelbyville Sr High School

Neighborhood

  • Downtown Indianapolis26.2 mi
  • Fishers High School33.0 mi
  • Conner Prairie33.2 mi
  • Hamilton Southeastern HS33.9 mi
  • Hamilton Town Center34.0 mi
  • IU Health North Hospital34.1 mi

PROPERTY DETAILS

Living Area

2,816 sq ft

Year Built

1939

Stories

Two

Subdivision

No Subdivision

Bedrooms

4

Bathrooms

3 full

School District

Shelbyville Central Schools

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