2548 Madison Street

Gary, IN 46407

$89,900
Price
3
Beds
1
Bath
1,522 Sq. Ft.
$59 / Sq. Ft.
1,522
Sq. Ft.
$59
per Sq. Ft.

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.
  1. Listed by David Whitehead • RE/MAX Lifestyles
    P: (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

StatusActive
MLS #811536
Days on Market35
Taxes$2,095 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1919
Lot Size0.07 AC / 3,006 SF
CountyLake County

Building Information for 2548 Madison Street

Stories-Year Built1919Building Size-Lot Size0.07 AC / 3,006 SF

Property Information for 2548 Madison Street

Summary
Location and General Information
  • Directions: Broadway north to 25th Avenue west to Madison south to property on the west side of the road.
  • City/Town: Gary
  • State: IN
  • Township: Calumet
  • ZIP: 46407
  • Zip Plus 4: 4049
  • Latitude: 41.57
  • Longitude: -87.34
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $2,095.00
  • APN/Key #: 45-08-16-405-038.000-004
  • Tax Year: 2023
  • Tax Legal Description: Legal Description: 2ND OAK PARK ADD. L.13 BL.60
Parking
  • Garage Description: None
Property
Lot Information
  • Lot Square Footage: 3,006.00
  • Lot Dimensions: 25x121
  • Square Footage: 1522.0
  • Acres: .07
Property and Assessments
  • Property Type: Residential
  • Property Subtype 1: Single Family Residence
  • Year Built: 1919
  • Lot Description: Landscaped, Level
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
  • Construction Materials: Asphalt
  • Levels: Two
Interior Features
  • Appliances: None
  • Basement Type: Interior Entry
  • Basement: Yes
  • Total Full Baths: 1
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 1
  • Bedrooms: 3
  • Basement Sq Ft: 0.0
  • Cooling: None
  • Flooring: Hardwood, Tile
  • Equipment: None
  • Heat Type: Forced Air, Natural Gas
  • Interior Features: Primary Downstairs
  • Roof: Asphalt
  • Total # of Rooms: 6
Room 1
  • Room Dimensions: 20.0 x 12.9
  • Room Type: Living Room
Room 2
  • Room Dimensions: 10.0 x 9.0
  • Room Type: Kitchen
Room 3
  • Room Dimensions: 14.5 x 10.0
  • Room Type: Primary Bedroom
Room 4
  • Room Dimensions: 13.0 x 10.0
  • Room Type: Bedroom 2
Room 5
  • Room Dimensions: 12.0 x 13.0
  • Room Type: Bedroom 3
Room 6
  • Room Description: 12.30 x 11.60
  • Room Dimensions: 12.3 x 11.6
  • Room Type: Dining Room

Property History for 2548 Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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2548 Madison Street is a single family home for sale in Gary, IN 46407. This property was listed for sale on October 12, 2024 by RE/MAX Lifestyles, it's currently listed at $89,900. It has been on the market for a total of 35 days and was last sold on March 17, 2022. This listing's school district is Gary Community School Corp. Nearby schools include Beveridge Elementary School, Gary Middle School and West Side Leadership Academy. 2548 Madison Street is a 3-bed, 1-bath, 1,522 sqft single family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Lifestyles

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association, Northwest Indiana REALTORS® AssociationSoutheastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.