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Sheldon Barnes, Carmel Realtor

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Sheldon Barnes can help you list 717 S Illinois Street

Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Whether you're ready to sell 717 S Illinois Street in Norwood or just curious what your home is worth in today's Indianapolis market, he can put together a no-pressure valuation.

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ABOUT THIS HOME

Turnkey Downtown Airbnb in the Heart of Indianapolis' Event District Welcome to one of the most strategically located short-term rental opportunities in Indianapolis. Situated just steps from Lucas Oil Stadium and the Convention Center, this property sits directly in the path of the city's largest events - where demand, walkability, and premium nightly rates all come together. Airbnb revenue in downtown Indy is driven by major events - conventions, Colts games, concerts, and national tournaments - and the majority of that activity is centered right here. Guests consistently prioritize locations they can walk to, and this property delivers exactly that. Simply put - there is no better location to capture that demand. Why This Property Stands Out: * Located in the core downtown event corridor * Walkable to Lucas Oil Stadium & the Convention Center * Strong short-term rental demand tied to year-round events * Ideal for maximizing occupancy and premium pricing Fully Turnkey - Ready to Generate Income This home is being offered fully furnished and equipped, including: * Beds, couches, and TVs * Kitchen items, cookware, and dishware * Towels, linens, and decor Start operating immediately and generating revenue from day one - or request a clean slate if you prefer to design your own space. The Opportunity Whether you're looking to expand your portfolio or step into your first short-term rental, this property offers a rare chance to own a cash-flowing asset in one of Indianapolis' highest-demand locations. Use it to offset your mortgage, generate consistent income, or build long-term equity - all while owning in a vibrant, walkable downtown setting. A rare, turnkey Airbnb in a location guests actively seek out.

Listed by James Canull· Indy Home Shop LLC· MLS# 22094593
Recently SoldSold in 17 days

$435,000

3Beds
1Baths
1,448Sq Ft

Turnkey Downtown Airbnb in the Heart of Indianapolis' Event District Welcome to one of the most strategically located short-term rental opportunities in Indianapolis. Situated just steps from Lucas Oil Stadium and the Convention Center, this property sits directly in the path of the city's larges...

Listed by James Canull· Indy Home Shop LLC· MLS# MBR22094593

1,448

Sq Ft

1890

Year Built

Off Market

Status

3

Bedrooms

1

Bathrooms

Key things to know

  • Sold 4.3% below list in 17 days
  • Fully furnished and equipped for immediate airbnb operation
  • Walking distance to lucas oil stadium and convention center
  • Original hardwood floors and stained woodwork
  • Downtown location centered on major events and conventions

Browse by room

7 rooms · 23 photos

Sold

$416,250

-$18,750 below list (-4.3%)

Closed
Jun 4, 2026
Listed at
$435,000
Sold
1 week ago
Sold in
17 days

Price history

  1. Sold$416,250

    Jun 4, 2026

  2. Listedat $435,000

    Apr 10, 2026

Comparative value

5 comps in this range

This home is 108% above median for similar nearby sales.

$108K$258KMedian $200K
$416K

Estimated values and comparable-sales ranges shown here are for informational purposes only. They are derived from public records and recent MLS sales, are not an appraisal or formal Comparative Market Analysis (CMA), and should not be used as the sole basis for any pricing, purchase, sale, or financing decision. For an accurate market value of a specific property, contact Sheldon Barnes for a personalized CMA.

FEATURES & AMENITIES

Interior

Hardwood FloorsWood Work Stained

Exterior

Not Applicable

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

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

Price history

  • $435,000Listed· Apr 10, 2026

17 days on market

Layout

Main
3 rooms724 sq ft
Upper
313 rooms724 sq ft

Schools

Indianapolis Public Schools

    Neighborhood

    • Downtown Indianapolis0.8 mi
    • Monon Trail (Carmel)14.1 mi
    • Carmel Central Park14.4 mi
    • Carmel High School14.8 mi
    • IU Health North Hospital14.9 mi
    • Zionsville Community HS14.9 mi

    OFF-MARKET PROPERTY DETAILS

    Living Area

    1,448 sq ft

    Year Built

    1890

    Stories

    Two

    Subdivision

    Norwood

    Bedrooms

    3

    Bathrooms

    1 full

    School District

    Indianapolis Public Schools

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