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    • $275,000

    1416 S Madison St, Bloomington, IN 47403

    3beds
    1,460sqft
    : 
    $1,718/mo
    Get pre-qualified
    Single Family Residence
    Built in 1960
    8,712 Square Feet Lot
    $267,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Central airCovered front porchOff street parkingNice sized bedroomsParking in the backLarge city lotLarge shady yard
    FANTASTIC DOWNTOWN LOCATION with an income producing opportunity! The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot. The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop. Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back, as well as additional alley access on the north and west sides of the property. The main house features hardwood floors, a large eat-in kitchen, range, refrigerator, washer, dryer, central air, and a large shady yard. This house rents for $1400 per month, tenant pays utilities. The 600 SF grandfathered cottage is tucked away behind the main house, with off street parking, a covered front porch, open living room and kitchen, 2 nice sized bedrooms and a large full bath. This home comes with a refrigerator, range, and window a/c unit. It rents for $1250 per month, tenant pays utilities. The address of the cottage is 1416 1/2 S Madison.
    73 days
    105
    3

    Zillow last checked:

    Listing updated:

    Listed by:

    Ajmal W Safi Cell:812-219-1598,

    RE/MAX Acclaimed Properties

    Source: IRMLS,MLS#: 202624329MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bedrooms: 3
      Bedroom 1
      • Level: Main
      Bedroom 2
      • Level: Main
      Heating
      • Natural Gas, Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Disposal, Refrigerator, Washer, Dryer-Electric, Electric Water Heater
      • Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
      Features
      • Eat-in Kitchen
      • Flooring: Hardwood
      • Basement: Crawl Space
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,460
      • Total interior livable area: 1,460 sqft
      • Finished area above ground: 1,460
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Gravel
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Porch Covered
      Lot
      • Size: 8,712 Square Feet
      • Dimensions: 132 x 66
      • Features: Level, City/Town/Suburb, Near Walking Trail
      Details
      • Additional structures: Outbuilding
      • Parcel number: 530805406025.000009
      • Zoning: R4

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1960

      Utilities & green energy

      • Electric: Duke Energy Indiana
      • Gas: CenterPoint Energy
      • Sewer: City
      • Water: City, Bloomington City Utility

      Community & HOA

      Community
      • Features: None
      • Subdivision: Southwest Bloomington City
      Location
      • Region: Bloomington

      Financial & listing details

      • Tax assessed value: $215,400
      • Annual tax amount: $4,258
      • Date on market: 6/19/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $267,800

        $254,000 - $281,000

        $1,681/mo

        Price history

        DateEventPrice
        6/19/2026Listed for sale$275,000+13.4%
        Source: IRMLS #202624325 Report a problem
        7/26/2024Sold$242,500-8.5%
        Source: IRMLS #202424905 Report a problem
        7/7/2024Listed for sale$265,000+90.6%
        Source: IRMLS #202424905 Report a problem
        6/6/2024Listing removed--
        Source: Zillow Rentals Report a problem
        5/14/2024Price change$1,400+12%$1/sqft
        Source: Zillow Rentals Report a problem
        10/20/2022Listed for rent$1,250+6.4%$1/sqft
        Source: Zillow Rental Network Premium Report a problem
        8/31/2020Listing removed$1,175$1/sqft
        Source: Mackie Properties, LLC Report a problem
        7/15/2020Price change$1,175-2.1%$1/sqft
        Source: Mackie Properties, LLC Report a problem
        3/12/2020Listed for rent$1,200+9.1%$1/sqft
        Source: Mackie Properties, LLC Report a problem
        7/21/2019Listing removed$1,100$1/sqft
        Source: Owner Report a problem
        6/21/2019Listed for rent$1,100$1/sqft
        Source: Owner Report a problem
        6/4/2015Listing removed$139,000$95/sqft
        Source: Brian Lappin Real Estate #201502885 Report a problem
        4/23/2015Listed for sale$139,000$95/sqft
        Source: Brian Lappin Real Estate #201502885 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,397 -3.2%$215,400 +0.3%
        2024$4,543 +18%$214,800 +0%
        2023$3,849 +15.2%$214,700 +12.9%
        2022$3,341 +6.4%$190,100 +17.9%
        2021$3,140 -2.7%$161,200 +6.1%
        2020$3,226 +6.7%$151,900 -1%
        2019$3,022 +2.4%$153,400 +7%
        2018$2,950 +7.5%$143,400 +2.6%
        2017$2,745 $139,700 +6.6%
        2016$2,745 +4.6%$131,100 +4%
        2014$2,623 +4.7%$126,000 +4.4%
        2013$2,505 +2.8%$120,700 +0.1%
        2012$2,436 +9.7%$120,600 +5.3%
        2011$2,220 -0.4%$114,500
        2010$2,230 $114,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: McDoel Gardens

        Getting around

        58 / 100
        Somewhat Walkable
        27 / 100
        Some Transit
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Templeton
        • Middle: Jackson Creek
        • High: Bloomington South
        • District: Monroe County Community School Corp.

        Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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