
Sheldon Barnes
For Sale — 7440 N Illinois Street, Indianapolis, IN 462607440 N Illinois Street
Indianapolis, Indiana 46260
Meridian Hills
5
Beds
4
Baths
6,279
Sq Ft
1940
Year Built
1.16
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 7440 N Illinois Street in Meridian Hills, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Originally constructed in 1940, this residence has been thoughtfully maintained and extensively enhanced over the past five decades, blending timeless character with refined modern updates. Every detail has been carefully considered, with improvements guided by both local and nationally recognized designers. Subtle yet impactful upgrades include the transition from traditional lighting to more contemporary fixtures and the introduction of rich walnut trim in place of classic oak detailing. More significant transformations include relocating the screened porch to the rear of the home and expanding the overall footprint, creating a more functional and inviting layout. The recently renovated kitchen, designed by Fu Tung Cheng of Cheng Design (Berkley, California), offers a warm, modern space ideal for both everyday living and culinary pursuits. Premium features include concrete and stainless steel countertops, a Gaggenau gas range, oven, and convection microwave, an integrated Sub-Zero refrigerator, a spacious pantry, a passthrough to the expansive great room, and a skylight that fills the space with natural light. The original formal living room has been elegantly reimagined as a distinguished library, complete with large windows overlooking the lush front grounds. At the rear of the home, two exceptional living areas provide versatility and comfort: a welcoming great room with vaulted ceilings and a striking bronze fireplace, and a sunken family room ideal for entertaining, with ample space for a pool table and home theater. The expansive primary suite has been beautifully updated to include a private office, custom closet, and a dedicated sitting and dressing area. The ensuite bath serves as a true retreat, featuring heated tile floors, a steam shower, dual vanities, and a luxurious garden tub designed for relaxation. The surrounding landscape, curated by the father-daughter team of Frits Loonsten and Suzie Reese, enhances the home's timeless appeal.
Key things to know
- Chef's kitchen by fu tung cheng with gaggenau range and sub-zero refrigerator
- Primary suite with private office, steam shower, heated tile floors, and garden tub
- Vaulted great room with bronze fireplace and sunken family room
- Original library with formal windows overlooking manicured grounds
- 1.16 acres with professionally landscaped grounds and water feature
Monthly payment
Estimate · $2,499,000
$14,505/mo
≈ $13,301 principal & interest · $1,204 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $499,800 on a loan of $1,999,200.
Price history
- Listedat $2,650,000
Apr 22, 2026
Meridian Hills · activity
past 6 months
- Sold
- 5
- Median price
- $651,000
- Median DOM
- 24 days
Recent comparable sales

$1,010,000
514 Round Hill Road
5bd · 6ba · 4,965 sqft
Sold Apr 2026

$1,747,500
646 Somerset Drive W
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Sold Apr 2026

$675,000
9025 Kirkham Court
6bd · 6ba · 4,884 sqft
Sold Mar 2026

$980,000
8162 Darnley Court
5bd · 5ba · 4,603 sqft
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$450,000
8851 Alderly Court
5bd · 4ba · 5,038 sqft
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Comparative value
5 comps in this range
This home is 155% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$2,650,000Listed· Apr 22, 2026
12 days on market
Layout
Primary suite
Closet Walk in,Sitting Room
Primary bath
Shower Stall Full,Sinks Double,Suite,Tub Full,Tub Garden
Schools
MSD Washington Township
Neighborhood
- Carmel Central Park5.3 mi
- Monon Trail (Carmel)5.3 mi
- Carmel High School5.9 mi
- Carmel Arts & Design District6.5 mi
- Zionsville Community HS6.9 mi
- IU Health North Hospital6.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
6,279 sq ft
Year Built
1940
Stories
One and One Half
Subdivision
Meridian Hills
Bedrooms
5
Bathrooms
3 full, 1 half
Garage
3 spaces
School District
MSD Washington Township
