Active

$15,000

2612 Madison St, Gary, IN 46407

2beds

--baths

1,100sqft

Get pre-qualified

Single Family Residence

Built in 1920

3,005 Square Feet Lot

$-- Zestimate^®

$14/sqft

$-- HOA

What's special

Full basementFlexible layout

Investor Special - Massive Potential & Solid Bones This home is the ultimate blank canvas for your next project. If you are looking for a property with "good bones" that can be reimagined into a much larger residence, this is it. Key Features: Full Basement: providing massive potential to double your usable square footage or add extra bedrooms. Flexible Layout: The interior is ready to be reconfigured. With 1,120 sq. ft. to work with, you can easily open up the floor plan to create a more spacious, modern living area. This house needs a total renovation.

170 days

182

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2

Rooms

Room types: Bedroom 2, Primary Bedroom

Primary bedroom

Area: 100
Dimensions: 10.0 x 10.0

Bedroom 2

Area: 100
Dimensions: 10.0 x 10.0

Heating

None

Appliances

Included: Other

Features

Other
Basement: Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 1,100
Total interior livable area: 1,100 sqft
Finished area above ground: 1,100

Property

Parking

Parking features: Other

Features

Levels: One
Has view: Yes
View description: Other

Lot

Size: 3,005 Square Feet
Features: Other

Details

Parcel number: 450816410023000004
Special conditions: None

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1920

Utilities & green energy

Electric: Other
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Chicago Tolleston Land & Inv Co

HOA

Has HOA: No

Location

Region: Gary

Financial & listing details

Price per square foot: $14/sqft
Tax assessed value: $7,600
Annual tax amount: $191
Date on market: 1/13/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash

Estimated market value

Not available

Estimated sales range

Not available

$1,284/mo

Price history

Date	Event	Price
2/19/2026	Price change	$15,000-6.3%$14/sqft
Source: NIRA as distributed by MLS GRID #832734 Report a problem
1/28/2026	Price change	$16,000-11.1%$15/sqft
Source: NIRA as distributed by MLS GRID #832734 Report a problem
1/13/2026	Listed for sale	$18,000+620%$16/sqft
Source: NIRA as distributed by MLS GRID #832734 Report a problem
1/7/2026	Sold	$2,500-35.9%$2/sqft
Source: Public Record Report a problem
2/8/2005	Sold	$3,900$4/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$191 +2.2%	$8,000 +5.3%
2024	$187 +61.8%	$7,600 +2.7%
2023	$115 -70.4%	$7,400 +64.4%
2022	$389 +4.8%	$4,500 -70.4%
2021	$372 +19.1%	$15,200 +4.8%
2020	$312 -98.6%	$14,500 -7.1%
2019	$22,930 +12.4%	$15,600 -39.5%
2018	$20,409 +3358.2%	$25,800 -2.3%
2017	$590	$26,400 -4%
2016	$590 -19.4%	$27,500 -12.1%
2014	$733 +8.3%	$31,300 +4%
2013	$676 -3.8%	$30,100 -0.7%
2012	$703 +9.8%	$30,300 +13.5%
2011	$640 -5.5%	$26,700 -1.5%
2010	$677	$27,100 +15.8%
2009	--	$23,400 +7.3%
2007	--	$21,800 +81.7%
2006	--	$12,000
2005	--	$12,000

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified