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535 Dunn Avenue

Shelbyville, IN 46176

ActiveListed Sep 25, 2026 · 27 days on market

Key facts

Beds
4
Baths
3 full
Living area
3,850 sqft
Lot
0.43 acres
Year built
1939
Type
Residential · Single Family Residence
Stories
Two
MLS #
22128102
County
Shelby
Subdivision
No Subdivision
Total building area
4,708 sqft

About this home

Character, flexibility, and income potential - this 1939 home delivers all three. Set on nearly half an acre just minutes from downtown Shelbyville, the main residence greets you with a charming wrap-around front porch and a welcoming foyer that sets the tone for the generous space within. The main level offers a formal dining room, eat-in kitchen, two large rooms, and a full bath. Beyond the kitchen, a separate room with its own full bath and private side entrance creates an opportunity for a kitchenette conversion - pair it with the two large upstairs rooms and you have a self-contained upper-suite ideal for extended family or a rental tenant. Continue through the kitchen to a large utility/laundry room with cellar access and a mud room that bridges the original house to the uniqueness of this property: a finished studio apartment boasting a generous living area, full kitchen, private full bath, and its own exterior entrance. Whether you envision a rental unit, home business, creative studio, or guest quarters, this space delivers - and if garage use is ever preferred again, reinstalling doors is entirely feasible. A gravel parking pad accommodates multiple vehicles, and a rear shed handles all your storage and lawn care needs. With 4,198 square feet of workable space, 3 full baths, and multiple living configurations under one roof, this property is a rare find for investors, owner-occupants seeking rental income, or buyers who simply need room to grow. Come see the possibilities!

Description provided by the listing brokerage.

Interior

Appliances
Electric Water HeaterDisposalElectric OvenGas OvenRefrigerator
Interior features
Attic AccessVaulted Ceiling(s)Entrance FoyerPaddle FanEat-in Kitchen
Other rooms and areas
Bedroom Other on MainLaundry in Unit
Basement
PartialUnfinished
Rooms
11
Main-level bedrooms
2

Exterior

Exterior features
Storage Shed
Patio and porch
CoveredPorchWrap Around
Construction
Aluminum Siding
Foundation
Brick/MortarPoured Concrete
Style
Traditional
Parking and garage
GravelGuest

Systems

Heating
ElectricForced AirNatural GasHeat Pump
Cooling
Central AirHeat Pump
Water
Public
Utilities
Electricity ConnectedNatural Gas Connected

Lot and HOA

Lot features
Corner LotCurbsSidewalks

Schools

Middle school
Shelbyville Middle School
High school
Shelbyville Sr High School
School district
Shelbyville Central Schools

Taxes

Estimated annual tax
$1,940 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,078per month, estimated
Principal and interest $857Property tax $162Insurance $60
20% · $34,000
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$170,000
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