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$2,499,0007440 N Illinois Street
For Sale12 days on market

7440 N Illinois Street

Indianapolis, Indiana 46260

Meridian Hills

$2,499,000

$2,650,000

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5

Beds

4

Baths

6,279

Sq Ft

1940

Year Built

1.16

Acres

Sheldon Barnes, Carmel Realtor

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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.

Listed by Matt McLaughlin· F.C. Tucker Company· MLS# 22094391

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

  1. Listedat $2,650,000

    Apr 22, 2026

Sold
5
Median price
$651,000
Median DOM
24 days

Comparative value

5 comps in this range

This home is 155% above median for similar nearby sales.

$450K$1.7MMedian $980K
$2.5M

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

Bath Sinks Double MainBuilt-in FeaturesCeiling VaultedEntrance FoyerHardwood FloorsHi-Speed Internet AvailblEat-in KitchenPantrySaunaWalk-In Closet(s)Wet BarWoodWorkStain/Painted

Exterior

Water Feature Fountain

Climate

Heat: Forced AirCool: Central Air

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

Main
42.19 rooms4,151 sq ft
Upper
111 rooms312 sq ft
Basement
3 rooms1,816 sq ft finished

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

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