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Sold
  • $416,250

    717 S Illinois St, Indianapolis, IN 46225

    3beds
    1,948sqft
    Residential, Single Family Residence
    Built in 1890
    2,178 Square Feet Lot
    $417,600 Zestimate®
    $214/sqft
    $1,860 Estimated rent

    Home value

    $417,600

    $397,000 - $438,000

    $1,860/mo

    Zestimate® history
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    What's special

    Towels linens and decorFully furnished and equippedBeds couches and tvs
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    James Canull 317-418-7076,

    Indy Home Shop LLC

    Bought with:

    Jason Royer

    eXp Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22094593MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Level: Upper
    • Area: 196 Square Feet
    • Dimensions: 14x14
    Bedroom 2
    • Level: Upper
    • Area: 120 Square Feet
    • Dimensions: 12x10
    Bedroom 3
    • Level: Upper
    • Area: 80 Square Feet
    • Dimensions: 10x8
    Dining room
    • Level: Main
    • Area: 210 Square Feet
    • Dimensions: 14x15
    Kitchen
    • Features: Other
    • Level: Main
    • Area: 140 Square Feet
    • Dimensions: 14x10
    Living room
    • Level: Main
    • Area: 182 Square Feet
    • Dimensions: 14x13
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Gas Oven, Refrigerator, Gas Water Heater, Microwave
    Features
    • Hardwood Floors
    • Flooring: Hardwood
    • Windows: Wood Work Stained
    • Basement: Unfinished
    Interior area
    • Total structure area: 1,948
    • Total interior livable area: 1,948 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered
    Lot
    • Size: 2,178 Square Feet
    • Features: Sidewalks, Street Lights
    Details
    • Parcel number: 491111189004000101
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Victorian
    • Property subtype: Residential, Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Brick/Mortar
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Subdivision: Norwood
    HOA
    • Has HOA: No
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $214/sqft
    • Tax assessed value: $291,700
    • Annual tax amount: $5,988
    • Date on market: 4/10/2026
    • Cumulative days on market: 17 days

    Price history

    DateEventPrice
    6/4/2026Sold$416,250-4.3%$214/sqft
    Source: MIBOR as distributed by MLS GRID #22094593 Report a problem
    4/26/2026Pending sale$435,000$223/sqft
    Source: MIBOR as distributed by MLS GRID #22094593 Report a problem
    4/10/2026Listed for sale$435,000+58.2%$223/sqft
    Source: MIBOR as distributed by MLS GRID #22094593 Report a problem
    2/23/2018Sold$275,000-8%$141/sqft
    Source: MIBOR as distributed by MLS GRID #21527676 Report a problem
    2/15/2018Price change$299,000-0.3%$153/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    2/7/2018Pending sale$299,900+0.3%$154/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    1/25/2018Price change$299,000-15.8%$153/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    1/17/2018Price change$354,900+9.2%$182/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    1/9/2018Price change$325,000-9.5%$167/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    1/7/2018Price change$359,000+2.6%$184/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    1/4/2018Price change$349,900-5.4%$180/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    1/2/2018Price change$369,900+1.3%$190/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    12/29/2017Price change$365,000-2.7%$187/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    12/13/2017Listed for sale$375,000+212.5%$193/sqft
    Source: Indy Home Shop LLC #21528444 Report a problem
    8/2/2017Sold$120,000-4%$62/sqft
    Source: Public Record Report a problem
    7/17/2017Pending sale$125,000$64/sqft
    Source: Everhart Studio, Ltd. #21500010 Report a problem
    7/13/2017Listed for sale$125,000$64/sqft
    Source: Everhart Studio, Ltd. #21500010 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,987 -1%$291,700 +15.6%
    2024$6,049 +4.4%$252,300 -1.1%
    2023$5,792 +6%$255,000 +4%
    2022$5,463 +1%$245,300 +3.6%
    2021$5,407 +7%$236,800 +1.4%
    2020$5,052 +109.8%$233,500 +9.1%
    2019$2,409 +162.5%$214,000 +111.7%
    2018$917 +3.1%$101,100 +142.4%
    2017$890 +6%$41,700 +4.5%
    2016$839 +4.3%$39,900 +7.3%
    2014$804 -2.6%$37,200
    2013$826 $37,200 +1.1%
    2012$826 $36,800 -7.1%
    2011-- $39,600
    2010$823 -2.5%$39,600
    2009$844 $39,600 -15.6%
    2007-- $46,900
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $417,600
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    Estimated market value
    $417,600