1416 S Madison St

1,460 Sq. Ft.
$188 / Sq. Ft.
1,460
Sq. Ft.
$188
per Sq. Ft.

Description

FANTASTIC DOWNTOWN LOCATION with an income producing opportunity! The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot. The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop. Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back, as...FANTASTIC DOWNTOWN LOCATION with an income producing opportunity! The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot. The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop. Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back, as well as additional alley access on the north and west sides of the property. The main house features hardwood floors, a large eat-in kitchen, range, refrigerator, washer, dryer, central air, and a large shady yard. This house rents for $1400 per month, tenant pays utilities. The 600 SF grandfathered cottage is tucked away behind the main house, with off street parking, a covered front porch, open living room and kitchen, 2 nice sized bedrooms and a large full bath. This home comes with a refrigerator, range, and window a/c unit. It rents for $1250 per month, tenant pays utilities. The address of the cottage is 1416 1/2 S Madison.
  1. Listed by Ajmal Safi • RE/MAX Acclaimed Properties • Cell: 812-219-1598

Property Details for 1416 South Madison Street

Style
One Story
Architectural Style
Ranch
Subdivision
Southwest Bloomington City
Waterfront
No
Water Features
None
LISTING UPDATED: 06/20/2026 12:02 AM

Property Details for 1416 South Madison Street

StatusActive
MLS #202624329
Days on Market23
Taxes$4,258 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Site-Built Home
Year Built1960
Lot Size0.20 AC / 8,712 SF
CountyMonroe County

Location

Listing Courtesy of RE/MAX Acclaimed Properties
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Building Information for 1416 South Madison Street

Stories-Year Built1960Building Size-Lot Size0.20 AC / 8,712 SF

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Property Information for 1416 South Madison Street

Summary
Location and General Information
  • Area: Monroe County
  • City: Bloomington
  • Zip Code: 47403
  • City Zoning: R4 - Residential Urban
  • State: IN
  • Township: Perry
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Inside City Limits: Yes
  • Fips Code: 18105
  • Directions To Property: South on Rogers, Left on Wilson St, then Right on Madison to home on the Right.
  • Location: City/Town/Suburb, Near Walking Trail
Taxes and HOA
  • Annual Taxes: $4,258
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2026
  • Parcel Number Id: 53-08-05-406-025.000-009
School Information
  • School District: Monroe County Community School Corp.
  • Elementary: Templeton
  • Middle School: Jackson Creek
  • High School: Bloomington South
Parking
  • Garage: No
Property
Lot Information
  • Class: RESIDENTIAL
  • Property Subtype: Site-Built Home
  • Approx Lot Size Acres: 0.2
  • Lot Dimensions: 132 x 66
  • Lot Number: 37
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 1460.0
  • Approx Lot Size Sqft: 8712.0
  • Above Grade Finished Sqft: 1460.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 1460.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 1460.0
  • Outbuilding 1 Length: 25.0
  • Outbuilding 1 Width: 24.0
Property and Assessments
  • New Construction: No
  • Year Built: 1960
  • Age: 66
  • Planned Unit Development: No
Utilities
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bloomington City Utility
  • Water Utility: City
  • Sewer: City
Interior and Exterior Features
Exterior Features
  • Amenities: Disposal, Dryer Hook Up Electric, Eat-In Kitchen, Porch Covered, Main Floor Laundry, Washer Hook-Up
  • Common Amenities: None
  • Driveway: Gravel
  • Exterior: Vinyl
  • Outbuilding 1: Outbuilding
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt
Interior Features
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: Central Air
  • Fireplace: None
  • Fireplace: No
  • Flooring: Hardwood Floors
  • Heating/Fuel: Gas, Forced Air
  • Number of Above Grade Bedrooms: 3
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Number of Full Baths Below Grade: 0
  • Number of Full Baths Main: 1
  • Number of Full Baths Upper: 0
  • Number of Half Baths Below Grade: 0
  • Number of Half Baths Main: 0
  • Number of Half Baths Upper: 0
  • Number of Total Rooms: 5
  • Total Number of Bedrooms: 3
  • Total Number of Full Baths: 1
  • Total Number of Half Baths: 0
  • Total Baths: 1
  • Total Number of Rooms Below Grade: 0
Room
Room Information
  • 1st Bedroom Length: 12.0
  • 1st Bedroom Level: Main
  • 1st Bedroom Width: 12.0
  • 2nd Bedroom Length: 10.0
  • 2nd Bedroom Level: Main
  • 2nd Bedroom Width: 10.0
  • 3rd Bedroom Length: 10.0
  • 3rd Bedroom Level: Main
  • 3rd Bedroom Width: 10.0
  • Laundry Level: Main

Property History for 1416 South Madison Street

DateEvent & SourcePriceAppreciation
Jun 19, 2026

Listed (Active)

Indiana Regional MLS #202624325

$275,000
Jun 19, 2026

Listed (Active)

Indiana Regional MLS #202624329

$275,000
Jul 26, 2024

Sold

Indiana Regional MLS #202424905

$242,500
DateEvent & SourcePrice
06/19/2026

Listed (Active)

Indiana Regional MLS #202624325

$275,000
06/19/2026

Listed (Active)

Indiana Regional MLS #202624329

$275,000
07/26/2024

Sold

Indiana Regional MLS #202424905

$242,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1416 South Madison Street

Taxable ValueLand$87,300Additions$128,100Total$215,400
Tax Record2024$4,397 ($366 / month)
Home Facts
Beds3Baths2Total Finished SqFt860 SqFtAbove Grade Finished SqFt860 SqFtStories1Lot Size8,712 SqFtStyleSingle Family ResidenceYear Built1925Year Renovated1960CountyMONROEAPN53-08-05-406-025.000-009

Schools near 1416 South Madison Street

This home is within Monroe County Com Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Templeton Elementary School
PublicPK to 6

Jackson Creek Middle School
Public7 to 8

Bloomington High School South
Public9 to 12

Bloomington Graduation School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1416 South Madison Street is a single family home for sale in Bloomington, IN 47403. This property was listed for sale on June 19, 2026 by RE/MAX Acclaimed Properties, it's currently listed at $275,000. It has been on the market for a total of 23 days and was last sold on July 26, 2024. This listing's school district is Monroe County Com Sch Corp. Nearby schools include Templeton Elementary School, Jackson Creek Middle School and Bloomington High School South. 1416 South Madison Street is a 3-bed, 1-bath, 1,460 sqft single family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Acclaimed Properties

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.