Active

$27,500

547 Madison St, Gary, IN 46402

3beds

--sqft

N/A

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Single Family Residence

Built in 1910

3,746 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Opportunity knocks in Gary! This property is ready for a complete renovation and offers tremendous potential for investors, flippers, or buyers looking to build sweat equity. Whether you're searching for your next fix-and-flip project, rental investment, or a chance to create a home tailored to your vision, this property provides a blank canvas for your ideas. Located in a community experiencing renewed investment and growth, now is the time to secure your place in Northwest Indiana's exciting future. With the Chicago Bears' new stadium development bringing increased attention and economic activity to the region, opportunities like this are becoming harder to find. Bring your tools, your imagination, and your vision. Property is being sold as-is where is. Cash or hard money welcome.

109 days
167
7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Bedroom 2, Primary Bedroom, Living Room, Bedroom 3

Primary bedroom

Level: Upper
Area: 120
Dimensions: 12.0 x 10.0

Bedroom 2

Level: Upper
Area: 100
Dimensions: 10.0 x 10.0

Bedroom 3

Level: Upper
Area: 100
Dimensions: 10.0 x 10.0

Living room

Level: Main
Area: 168
Dimensions: 12.0 x 14.0

Heating

None

Appliances

Included: None

Features

None
Basement: Full,Unfinished,Other
Has fireplace: No

Interior area

Total structure area: 0
Finished area above ground: 0

Property

Parking

Parking features: On Street

Features

Levels: Two
Has view: Yes
View description: City

Lot

Size: 3,746 Square Feet
Features: Back Yard, Rectangular Lot

Details

Parcel number: 450804426009000004
Zoning description: residential
Special conditions: None

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

Fixer
New construction: No
Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Gary Land Companys 01

HOA

Has HOA: No

Location

Region: Gary

Financial & listing details

Tax assessed value: $36,000
Annual tax amount: $1,128
Date on market: 6/18/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Other

Estimated market value

Not available

Estimated sales range

Not available

$1,298/mo

Price history

Date	Event	Price
6/18/2026	Listed for sale	$27,500+5400%
Source: NIRA as distributed by MLS GRID #840876 Report a problem
10/24/2019	Sold	$500
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$903 +21.8%	$40,100 +11.4%
2024	$741 -0.6%	$36,000 +22.4%
2023	$746 +7%	$29,400 +1%
2022	$697 0%	$29,100 +7%
2021	$697 +28.1%	$27,200
2020	$544 -87.4%	$27,200
2019	$4,321 +34%	$27,200
2018	$3,224 +416.8%	$27,200 -1.1%
2017	$624	$27,500 -3.8%
2016	$624 -9.6%	$28,600 -3.1%
2014	$690 +7.1%	$29,500 +2.8%
2013	$645 -2.5%	$28,700 +0.7%
2012	$661 +12.6%	$28,500 +16.3%
2011	$587 -0.8%	$24,500 +3.4%
2010	$592	$23,700 -1.3%
2009	--	$24,000 +13.2%
2007	--	$21,200 +143.7%
2006	--	$8,700
2005	--	$8,700