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.
Closed
$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
$1,391 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,391/mo
Zestimate® history
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$43/mo
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List your homeWhat's special
Full basement
Zillow last checked:
Listing updated:
Listed by:
Elyahu Herszberg,
Realest.com 219-808-1520
Bought with:
Non-Member Agent
Non-Member MLS Office
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
- Level: Main
- Area: 121
- Dimensions: 11.0 x 11.0
Bedroom 2
- Level: Main
- Area: 121
- Dimensions: 11.0 x 11.0
Bedroom 3
- Level: Main
- 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
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Sold | $8,500$9/sqft |
Source:  NIRA as distributed by MLS GRID #832736 Report a problem | ||
| 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$22/sqft |
Source: NIRA as distributed by MLS GRID #149239 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
Neighborhood: University Park
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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
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