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.
Active
$27,500
547 Madison St, Gary, IN 46402
3beds
--sqft
:
Get pre-qualifiedN/A
Single Family Residence
Built in 1910
3,746 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 55 days |
- 235 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Dennis Nichols,
Weichert, Realtors-Moke Agency 219-662-3000
Source: NIRA as distributed by MLS GRID,MLS#: 840876
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
$1,449/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 |
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.Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Beveridge Elementary SchoolGrades: K-5Distance: 1.3 mi
- 3/10Gary Middle SchoolGrades: 6-8Distance: 5 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 3.5 mi
- $2,400-- bd-- ba-- sqft557 Madison St, Gary, IN 46402Off Market
- $1,900-- bd-- ba-- sqft529 Madison St, Gary, IN 46402Off Market
- $5,700-- bd-- ba-- sqft567 Madison St, Gary, IN 46402Off Market
- $1,600-- bd-- ba-- sqft548 Jefferson St, Gary, IN 46402Off Market
- $1,900-- bd-- ba-- sqft554 Jefferson St, Gary, IN 46402Off Market
- $118,1003 bd2 ba2.2k sqft536-38 Jefferson St, Gary, IN 46402Off Market
- $1,900-- bd-- ba-- sqft544 Madison St, Gary, IN 46402Off Market
- $2,400-- bd-- ba-- sqft540 Madison St, Gary, IN 46402Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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