- 4 beds
- 5 baths
- 3,123 sqft
- 1,437 sqft lot
- $240 per sqft
- 2019 build
This beautiful 4 bed 4.5 bath modern home, just blocks from the heart of Fountain Square, has so many unique opportunities that you have to take a look! Designed for entertainers and entrepreneurs alike, this home situated on one of three lots is zoned both residential and commercial. You can call Shelby St home and walk to all the amazing nearby restaurants and nightlife, use it as a commercial property for your office or business, or buy it as an investment property on Airbnb to benefit from all of the amazing events happening all over Indy metro. The custom three story modern design maximizes your spaces and gives you options to optimize space and value. The 3rd floor features two balconies, one overlooking the downtown skyline and the other overlooking historic Fountain Square, providing views unmatched by any other property in the area. This chef's dream kitchen boasts modern white cabinets, granite countertops with waterfall edges, and warm wood tones with a center island that extends into a built-in wood table and vent hood. The finished basement with a bedroom and full bath gives yet another space and flexibility to take advantage of the opportunities. The yard is an awesome entertaining space that many in the area don't have with a newer composite deck and firepit area. The current owner lives in the home fulltime and stays in the basement with its own entry while renting the house on Airbnb. The gravel lot on the south corner is zoned commercial, so use it for your own personal parking, charge for parking in evenings or busy times, or start your new pop-up business on the corner! Ask for more information on Airbnb numbers and other details! It's a 1 of 1 you have to see!
Last checked:
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Last updated Jun 21, 2025
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MLS# 22045287 —
The Building
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Year Built:2019
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New Construction:false
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Construction Materials:Aluminum Siding, Cement Siding
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Architectural Style:Contemporary
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Foundation Details:Block, Full
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Levels:Three Or More
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Basement:true
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Basement:Ceiling - 9+ feet, Daylight/Lookout Windows, Finished, Full
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Exterior Features:Balcony, Outdoor Fire Pit
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Patio And Porch Features:Deck Main Level, Deck UP, Multiple Decks
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Accessibility Features:No
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Direction Faces:East
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Green Certification:No
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Upper SqFt:1545
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Building Area Total:3123
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Below Grade Finished Area:780
Interior
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Rooms:6
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Rooms Total:8
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Rooms Total:6
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Interior Features:Center Island, Hardwood Floors, Eat-in Kitchen, Programmable Thermostat, Supplemental Storage, Walk-in Closet(s), Wet Bar, Breakfast Bar
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Eating Area:Dining Combo/Kitchen
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Laundry Features:Upper Level, In Basement, Laundry Room
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Fireplaces Total:1
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Fireplace Features:Living Room
Room Dimensions
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SqFt:2343
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Main Level SqFt:798
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Living Area:3123
Location
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Directions:GPS Friendly
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Latitude:39.756002
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Longitude:-86.140003
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:491112199002000101
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Acres:<1/4 Acre
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Lot Features:Sidewalks, Street Lights
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Lot Size Acres:0.15
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Lot Size SqFt:1,437 Sqft
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Price Per Acre:5000000
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Additional Parcels:true
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Additional Parcels Description:802 Shelby, 812 Shelby
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View:Downtown
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View:true
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Fencing:Front Yard
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Horse Amenities:None
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Fence:Yes
Listing Agent
- Contact info:
- Agent phone:
- (317) 775-8570
- Office phone:
- (317) 288-5148
Taxes
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Tax Year:2024
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:3795
Beds
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Beds:3
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Bedrooms:3
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Bedrooms Total:4
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Primary Bedroom Description:Balcony,Deck
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# of Bedrooms Upper:3
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# of Bedrooms Basement:1
Baths
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Baths:5
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Full Baths:4
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Full Baths:3
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Half Baths:1
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Half Baths:1
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Half Baths Main:1
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Full Baths Upper:3
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Full Baths Basement:1
The Listing
Heating & Cooling
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Heating:Natural Gas, High Efficiency (90%+ AFUE )
Utilities
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Utilities:Cable Available
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Water Source:Municipal/City
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Solid Waste:Yes
Appliances
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Appliances:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Range Hood, Refrigerator, Washer
Schools
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Elementary School:William McKinley School 39
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Middle Or Junior School:HW Longfellow Med/STEM Magnet Midl
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High School:Arsenal Technical High School
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:No Subdivision
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Community Features:Suburban
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Association:false
Parking
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Parking Features:Detached, Garage Door Opener, Storage, Attached
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Garage:true
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Garage Spaces:1
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Garage & Parking:Assigned Parking Outside,Other
Monthly cost estimate

Asking price
$750,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,016
|
Taxes | $632 |
Insurance | $206 |
Utilities | $127 See report |
Total | $4,981/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/20/25
Jun 20, 2025
|
Listed / Active | MIBOR | $750,000 | 31.8% (5.2% / YR) |
5/3/19
May 3, 2019
|
MIBOR | $569,000 |