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7480 N Illinois Street

Indianapolis, IN 46260

PendingListed Sep 1, 2026 · 24 days on market

Key facts

Beds
5
Baths
3 full · 2 half
Living area
4,521 sqft
Lot
1.02 acres
Year built
1951
Type
Residential · Single Family Residence
Stories
Two
Garage
3 spaces
MLS #
22121252
County
Marion
Subdivision
Meridian Hills

About this home

Timeless Cape Cod charm meets extensively updated living in this exceptional Meridian Hills home. Set on a beautifully landscaped 1+ acre lot, this meticulously maintained property has been thoughtfully improved throughout since 2013, blending classic architecture with updated interiors, significant enhancements and beautifully designed outdoor living. The desirable main-level primary suite includes dual walk-in closets and an updated bath with soaking tub, step-in steam shower and new carpet. Hardwood floors flow throughout the main living areas, including the updated gourmet kitchen with a large center island, white cabinetry, granite countertops and newer appliances. An expanded walk-in pantry provides exceptional storage and space for a dedicated coffee bar. The kitchen opens to a light-filled breakfast room and expansive family room with fireplace and walls of windows. Pella sliding doors lead to an expanded paver patio with fire pit and gas line for grilling, overlooking the private, professionally landscaped backyard. A gracious dining room with built-in glass shelving and a separate living room with fireplace provide additional entertaining spaces. Upstairs, four additional bedrooms, two updated full baths and a new half bath continue the home's fresh, cohesive feel. A large finished bonus room and abundant attic storage add flexibility. Additional improvements include a new roof in 2025, custom draperies and Hunter Douglas window treatments throughout, and an oversized three-car garage with epoxy flooring and extensive built-in storage. Ideally located near shopping, dining, parks and the Monon Trail, and directly across from St. Luke's School. A rare opportunity to own an extensively updated home on an exceptional lot in the heart of Meridian Hills.

Description provided by the listing brokerage.

Interior

Appliances
Gas CooktopDishwasherDisposalGas Water HeaterExhaust FanMicrowaveDouble OvenElectric OvenRefrigerator
Interior features
Attic AccessBuilt-in FeaturesHi-Speed Internet AvailblPantryWood Work Painted
Kitchen
Kitchen Updated
Other rooms and areas
Living Room Formal
Flooring
Hardwood
Fireplaces
2
Fireplace type
Gas LogGreat RoomLiving RoomWood Burning
Laundry
Laundry RoomMain LevelSink
Security
Security SystemSecurity System OwnedSmoke Detector(s)
Rooms
13
Main-level bedrooms
1

Exterior

Exterior features
Sprinkler System
Patio and porch
CoveredPatioPorch
Construction
BrickWood Siding
Foundation
Crawl Space
Style
Cape Cod
Parking and garage
Attached
Fencing
FullPrivacy
Other equipment
Irrigation EquipmentSecurity System OwnedSmoke Alarm

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public
Utilities
Cable AvailableNatural Gas ConnectedSewer ConnectedWater Connected

Schools

School district
MSD Washington Township

Taxes

Estimated annual tax
$11,284 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$9,431per month, estimated
Principal and interest $7,939Property tax $940Insurance $551
20% · $315,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,575,000
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