547 Madison Street, Gary, IN 46402 | MLS #840876 | Berkshire Hathaway HomeServices Chicago

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Listing provided courtesy of Weichert, Realtors-Moke AgencyNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 840876MLS Provider

547 Madison StreetGary, IN 46402

Single Family · 3 Beds · 1 Full Bath · 0.09 Acres
$27,500 Active

547 Madison Street Overview

Time on Site:
12 days
Visits:
0

Opportunity knocks in Gary! This property is ready for a complete renovation and offers tremendous potential for investors, flippers, or buyers looking to build sweat equity. Whether you're searching for your next fix-and-flip project, rental investment, or a chance to create a home tailored to your vision, this property provides a blank canvas for your ideas. Located in a community experiencing renewed investment and growth, now is the time to secure your place in Northwest Indiana's exciting future. With the Chicago Bears' new stadium development bringing increased attention and economic activity to the region, opportunities like this are becoming harder to find. Bring your tools, your imagination, and your vision. Property is being sold as-is where is. Cash or hard money welcome.

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547 Madison Street Facts & Features

  • Type Single Family
  • Lot 0.09 Acres

Details

General

Association/HOA

  • Association: false

Building Information

  • New Construction: false
  • Year Built: 1910

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Gary Land Companys 01
  • Township: Calumet

Tax Information

  • Tax Annual Amount: 1128
  • Tax Assessed Value: 36000
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Other
  • Parcel Number: 450804426009000004
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 3

Building Interior

  • Above Grade Finished Area: 0

General Information

  • Appliances: None
  • Fireplace: false
  • Heating: None
  • Interior Features: None
  • Levels: Two
  • Living Area: 0
  • Living Area Source: Assessor
  • Rooms Total: 4

Exterior

Parking Information

  • Parking Features: On Street

Lot Information

  • Lot Features: Back Yard,Rectangular Lot
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3746
  • Water Source: Public

Waterfront/View

  • View: City
  • Waterfront: false

Building Exterior/Construction

  • Property Attached: false

General Information

  • Sewer: Public Sewer

Room Information

Room: Living Room

  • Level: Main
  • Area: 168
  • Dimensions: 12.0 x 14.0
  • Length: 12
  • Width: 14

Room: Bedroom 2

  • Level: Upper
  • Area: 100
  • Dimensions: 10.0 x 10.0
  • Length: 10
  • Width: 10

Room: Bedroom 3

  • Level: Upper
  • Area: 100
  • Dimensions: 10.0 x 10.0
  • Length: 10
  • Width: 10

Room: Primary Bedroom

  • Level: Upper
  • Area: 120
  • Dimensions: 12.0 x 10.0
  • Length: 12
  • Width: 10

547 Madison Street Neighborhood

Community

46402 (GARY) Demographics

34
Median Age
1,714
Population Density (per sq. mile)
15%
College Educated
$23,630
Estimated Median Income
1,179
Estimated Total Home Owners
1,469
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

547 Madison Street Monthly Cost

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$ %
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$
$
Mike Mabry
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

547 Madison Street Market Data

Based on the last 30 days in this zip code

$108,955
Average List Price
$64
Average Price per Square Foot
9
Properties Sold
90
Average Days on Market
28
Properties for Sale
Calculations provided by Reliance Network

547 Madison Street History

Date Event Value Agent
6/18/2026Source: Northwest Indiana MLS Added to Database
June 18, 2026