2548 Madison Street
$89,900
3
1
1,522
1,522
$59
Description
Welcome to this 3-bedroom, 1-bath two-story home, offering a fantastic opportunity to either purchase outright at $89,900 or take advantage of seller financing. With a purchase price of $95,000, seller financing terms include a 30-year loan at 6% interest and a monthly payment of just $550 per month , making it an affordable option for first-time buyers or investors looking for a rent-to-own opportunity. This home has seen several recent updates to ensure peace of mind for its new owner. The electrical...Welcome to this 3-bedroom, 1-bath two-story home, offering a fantastic opportunity to either purchase outright at $89,900 or take advantage of seller financing. With a purchase price of $95,000, seller financing terms include a 30-year loan at 6% interest and a monthly payment of just $550 per month , making it an affordable option for first-time buyers or investors looking for a rent-to-own opportunity. This home has seen several recent updates to ensure peace of mind for its new owner. The electrical system has been fully updated, and the plumbing has been completely redone throughout the house, complemented by a brand-new water heater. The bathroom on the main floor has been fully renovated with new fixtures, giving it a fresh and modern look. The roof, just 9 years old, and newly installed gutters ensure the exterior of the home is well-maintained. Inside, the entire house has been freshly painted, creating a bright and welcoming atmosphere. The restored wooden floors on both the main floor and the second story add character and warmth to the home, blending the charm of original features with modern updates. The walk-out basement provides additional space for storage, a workshop, or the potential to finish for extra living space. Located just 1/4 block from the expressway with Broadway, commuting is a breeze. Plus, you're conveniently situated down the street from the fire department, adding an extra sense of security. This property is ideal for anyone looking for a move-in-ready home with the option to purchase or rent-to-own at an affordable rate.
- Listed by David Whitehead • RE/MAX LifestylesP: (219)-793-4416 C: (219)-793-4416 david@davidwhiteheadrealestate.com
Property Details for 2548 Madison Street
Subdivision
Oak Park Add 02
LISTING UPDATED: 10/14/2024 11:49 AM
Property Details for 2548 Madison Street
Status | Active |
---|---|
MLS # | 811536 |
Days on Market | 35 |
Taxes | $2,095 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1919 |
Lot Size | 0.07 AC / 3,006 SF |
County | Lake County |
Building Information for 2548 Madison Street
Stories-Year Built1919Building Size-Lot Size0.07 AC / 3,006 SF
Property Information for 2548 Madison Street
Property History for 2548 Madison Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2548 Madison Street
Taxable ValueLand$3,900Additions$79,200Total$83,100
Tax Record2023$7,327 ($611 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,402 SqFtAbove Grade Finished SqFt1,402 SqFtStories2Lot Size3,006 SqFtStyleSingle Family ResidenceYear Built1919Year Renovated2015CountyLAKEAPN45-08-16-405-038.000-004
Schools near 2548 Madison Street
This home is within Gary Community School Corp.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Beveridge Elementary School PublicK to 5 | ||
Gary Middle School Public6 to 8 | ||
West Side Leadership Academy Public9 to 12 | ||
Lincoln Achievement Center PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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