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 1,000 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.
Pending
$8,500
3980 Madison St, Gary, IN 46408
3beds
1,000sqft
Single Family Residence
Built in 1917
4,704 Square Feet Lot
$-- Zestimate®
$9/sqft
$-- HOA
What's special
Full basement
- 163 days |
- 10 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Elyahu Herszberg,
Realest.com 219-808-1520
Source: NIRA as distributed by MLS GRID,MLS#: 832736
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom 2, Primary Bedroom, Bedroom 3
Primary bedroom
- Area: 121
- Dimensions: 11.0 x 11.0
Bedroom 2
- Area: 121
- Dimensions: 11.0 x 11.0
Bedroom 3
- Area: 121
- Dimensions: 11.0 x 11.0
Heating
- None
Appliances
- Included: None
Features
- Other
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,000
- Total interior livable area: 1,000 sqft
- Finished area above ground: 1,000
Property
Features
- Levels: One
- Has view: Yes
- View description: Other
Lot
- Size: 4,704 Square Feet
- Features: Other
Details
- Parcel number: 450828254031000004
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Carl Bolius 1st Add
HOA
- Has HOA: No
Location
- Region: Gary
Financial & listing details
- Price per square foot: $9/sqft
- Tax assessed value: $10,300
- Annual tax amount: $258
- Date on market: 1/13/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Elyahu Herszberg
(219) 289-4171
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Estimated market value
Not available
Estimated sales range
Not available
$1,295/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Pending sale | $8,500$9/sqft |
Source:  NIRA as distributed by MLS GRID #832736 Report a problem | ||
| 3/20/2026 | Price change | $8,500-5.6%$9/sqft |
Source: NIRA as distributed by MLS GRID #832736 Report a problem | ||
| 2/19/2026 | Price change | $9,000-10%$9/sqft |
Source: NIRA as distributed by MLS GRID #832736 Report a problem | ||
| 1/28/2026 | Price change | $10,000-16.7%$10/sqft |
Source: NIRA as distributed by MLS GRID #832736 Report a problem | ||
| 1/13/2026 | Listed for sale | $12,000+344.4%$12/sqft |
Source: NIRA as distributed by MLS GRID #832736 Report a problem | ||
| 1/7/2026 | Sold | $2,700-96.3%$3/sqft |
Source: Public Record Report a problem | ||
| 12/7/2006 | Sold | $72,000+227.3%$72/sqft |
Source: NIRA as distributed by MLS GRID #172982 Report a problem | ||
| 3/29/2006 | Sold | $22,000-67.1%$22/sqft |
Source: NIRA as distributed by MLS GRID #149239 Report a problem | ||
| 6/30/2004 | Sold | $66,900$67/sqft |
Source: NIRA as distributed by MLS GRID #110017 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $258 +3.5% | $11,100 +7.8% |
| 2024 | $250 +68% | $10,300 +4% |
| 2023 | $149 +5.5% | $9,900 +70.7% |
| 2022 | $141 +5.7% | $5,800 +5.5% |
| 2021 | $133 +12.9% | $5,500 +5.8% |
| 2020 | $118 -99.7% | $5,200 -11.9% |
| 2019 | $39,463 +9.7% | $5,900 -7.8% |
| 2018 | $35,970 +3326.9% | $6,400 |
| 2017 | $1,050 | $6,400 -84.8% |
| 2016 | $1,050 -9.6% | $42,000 -15.3% |
| 2014 | $1,161 +6.1% | $49,600 +1.8% |
| 2013 | $1,094 -2.6% | $48,700 +0.6% |
| 2012 | $1,123 -19% | $48,400 -16.3% |
| 2011 | $1,386 -1.3% | $57,800 +2.8% |
| 2010 | $1,404 | $56,200 -9.2% |
| 2009 | -- | $61,900 +80.5% |
| 2007 | -- | $34,300 +471.7% |
| 2006 | -- | $6,000 |
| 2005 | -- | $6,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: University Park
Nearby schools
GreatSchools rating
- 3/10Glen Park AcademyGrades: K-5Distance: 1.3 mi
- 4/10Bailly Preparatory AcademyGrades: 6-8Distance: 1.2 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 4.8 mi
- Indiana
- Lake County
- Gary
- 46408
- University Park
- 3980 Madison St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Gary Topics
