Opportunity knocks with this diamond in the rough! This unique three unit offers incredible flexibility and income potential. The main building features two spacious units, each with separate entrances, ideal for multi-family living or steady rental income.Tucked above the detached garage, the third unit provides privacy and charm, perfect for a guest suite, short-term rental, or creative space. The real bonus is the basement offers the potential for a fourth unit, complete with its own separate entrance and bath--just waiting for the right vision to unlock its value.Each unit has independent access, offering privacy and convenience for occupants. With some TLC, this property could shine as a strong income generator or multigenerational home.Don't miss the chance to transform this rare find into something truly special. Whether you're an investor, flipper, or homeowner looking for extra rental income, this property is a must-see! Sold As-Is and no contingencies.
Closed
$70,000
3877 Madison St, Gary, IN 46408
4beds
--sqft
Triplex
Built in 1920
-- sqft lot
$72,100 Zestimate®
$--/sqft
$986 Estimated rent
Home value
$72,100
$65,000 - $80,000
$986/mo
Zestimate® history
Owner options
List your home for rent
$986/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$986/mo
Rent Zestimate®
Refinance and save
$353/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$353/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Johnette Gore,
Premier Midwest Realty, INC jgoreproperties@gmail.com
Bought with:
Jeff McCormick, RB14033291
McCormick Real Estate, Inc.
Source: NIRA as distributed by MLS GRID,MLS#: 821654
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Appliances
- Included: None
Features
- None
- Basement: Bath/Stubbed,Unfinished
- Has fireplace: No
Interior area
- Finished area above ground: 1,876
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Rear, On Street
- Garage spaces: 2
Features
- Levels: Other
- Exterior features: Other
Lot
- Size: 3,746 Square Feet
- Features: Other
Details
- Parcel number: 450828230013000004
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- Fixer
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Seroczynskis 1st Add
Location
- Region: Gary
Financial & listing details
- Tax assessed value: $115,800
- Annual tax amount: $1,243
- Date on market: 5/30/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | $70,000-12.5% |
Source:  NIRA as distributed by MLS GRID #821654 Report a problem | ||
| 6/3/2025 | Pending sale | $80,000 |
Source: NIRA as distributed by MLS GRID #821654 Report a problem | ||
| 5/30/2025 | Listed for sale | $80,000+26566.7% |
Source: NIRA as distributed by MLS GRID #821654 Report a problem | ||
| 5/5/2014 | Sold | $300 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,926 +55% | $115,800 +50.8% |
| 2024 | $1,243 +23.8% | $76,800 +55.8% |
| 2023 | $1,004 +8% | $49,300 +25.8% |
| 2022 | $930 +7.4% | $39,200 +8% |
| 2021 | $866 +6.6% | $36,300 +7.4% |
| 2020 | $812 -21% | $33,800 -16.7% |
| 2019 | $1,028 -2.9% | $40,600 -6.7% |
| 2018 | $1,058 +15.2% | $43,500 -1.4% |
| 2017 | $919 | $44,100 -13.7% |
| 2016 | $919 -8.7% | $51,100 +18.8% |
| 2014 | $1,006 -48.2% | $43,000 -50.2% |
| 2013 | $1,941 -2.2% | $86,400 +0.9% |
| 2012 | $1,986 -13.8% | $85,600 -10.9% |
| 2011 | $2,304 -1.1% | $96,100 +3.1% |
| 2010 | $2,329 | $93,200 -10.2% |
| 2009 | -- | $103,800 +19% |
| 2007 | -- | $87,200 +50.6% |
| 2006 | -- | $57,900 |
| 2005 | -- | $57,900 |
| 2004 | -- | $57,900 +108.3% |
| 2003 | -- | $27,800 |
| 2002 | -- | $27,800 +199.9% |
| 2001 | -- | $9,270 |
Find assessor info on the county website
Neighborhood: University Park
Nearby homes
- $110,6004 bd2 ba1.1k sqft3871 Madison St, Gary, IN 46408Off Market
- $48,6002 bd4 ba510 sqft3887 Madison St, Gary, IN 46408Off Market
- $15,3002 bd2 ba1.3k sqft3895 Madison St, Gary, IN 46408Off Market
- $87,2004 bd1 ba972 sqft3857 Madison St, Gary, IN 46408Off Market
- $92,7004 bd2 ba1.2k sqft3863 Madison St, Gary, IN 46408Off Market
- $205,0004 bd2 ba1.9k sqft3872 Jefferson St, Gary, IN 46408Pending
- $75,5002 bd1 ba948 sqft3876 Jefferson St, Gary, IN 46408Off Market
- $63,1003 bd1 ba1k sqft3853 Madison St, Gary, IN 46408Off Market
Nearby schools
GreatSchools rating
- 3/10Glen Park AcademyGrades: K-5Distance: 1.4 mi
- 4/10Bailly Preparatory AcademyGrades: 6-8Distance: 1.3 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 4.7 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Indiana
- Lake County
- Gary
- 46408
- University Park
- 3877 Madison St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Gary Topics
