717 S Illinois ST Indianapolis, IN 46225 Active

UPDATED: 04/10/2026 10:44 PM ON MARKET: 12 days on market

$435,000

3 Beds1 Bath1,948 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,948 sqft

Price per Sqft $223

Subdivision Norwood

MLS Listing ID 22094593

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1890

Tax Year 2024

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Single Family Residence

Location

State IN

County Marion

Rooms

Basement Unfinished

Interior

Interior Features Hardwood Floors,Wood Work Stained

Heating Forced Air,Natural Gas

Cooling Central Air

Equipment None

Fireplace Y

Appliance Gas Oven,Refrigerator,Gas Water Heater,Microwave

Exterior

Exterior Feature Not Applicable

Building

Story Two

Foundation Brick/Mortar

Water Public

Architectural Style Victorian

Structure Type Wood Siding

New Construction false

Schools

School District Indianapolis Public Schools

Property Description

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.