1957 Madison Ln

1,998 Sq. Ft.
$48 / Sq. Ft.
1,998
Sq. Ft.
$48
per Sq. Ft.

Description

Short sale alert! Investor Special or Handy Homeowner Opportunity! Located in the heart of the historic Means Manor neighborhood of Midtown Gary, this 3-bedroom, 1-bathroom fixer-upper offers endless potential. Featuring a full basement and solid bones, it's perfect for your next renovation project. Just minutes from the I-90 Toll Road and Highway 80/94, with quick and easy access to Chicago--ideal for commuters or investors looking for a strategic location. Don't miss out on this diamond in the...Short sale alert! Investor Special or Handy Homeowner Opportunity! Located in the heart of the historic Means Manor neighborhood of Midtown Gary, this 3-bedroom, 1-bathroom fixer-upper offers endless potential. Featuring a full basement and solid bones, it's perfect for your next renovation project. Just minutes from the I-90 Toll Road and Highway 80/94, with quick and easy access to Chicago--ideal for commuters or investors looking for a strategic location. Don't miss out on this diamond in the rough. Schedule your showing today!
  1. Listed by Timothy Grayson • Williams Executive Realty & As
    P: (219)-951-9444 C: (219)-951-9444 timothy@williamsexecutiverealty.com
  2. Listed by Linda Davis • Williams Executive Realty & As
    P: (219)-677-6669 C: (219)-677-6669 lindadavis195855@yahoo.com

Property Details for 1957 Madison Lane

Subdivision
Andrew Means 4th Park
Garage # of Cars
2
LISTING UPDATED: 12/02/2025 09:28 AM

Property Details for 1957 Madison Lane

StatusActive
MLS #821842
Days on Market149
Taxes$640 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1961
Lot Size0.18 AC / 7,623 SF
CountyLake County

Location

Listing Courtesy of Williams Executive Realty & As
Add your commute

Building Information for 1957 Madison Lane

Stories-Year Built1961Building Size-Lot Size0.18 AC / 7,623 SF

Payment Calculator

$516 per month

30 year fixed, 6.15% Interest

Principal and Interest

$463

Property Taxes

$53

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1957 Madison Lane

Summary
Location and General Information
  • Directions: Broadway to 21st Ave. West on 21st Ave to Madison St. North on Madison to Madison Lane (quick left). Madison Lan to property.
  • City/Town: Gary
  • State: IN
  • Township: Calumet
  • ZIP: 46407
  • Zip Plus 4: 2554
  • Latitude: 41.58
  • Longitude: -87.34
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $640.00
  • APN/Key #: 450809455002000004
  • Tax Year: 2023
  • Tax Legal Description: ANDREW MEANS 4TH PARK MANOR L.40
Parking
  • Garage Description: Detached, On Street, Off Street
Property
Lot Information
  • Lot Square Footage: 7,623.00
  • Square Footage: 1998.0
  • Square Footage Source: Assessor
  • Acres: .17
Property and Assessments
  • Property Type: Residential
  • Property Subtype 1: Single Family Residence
  • Year Built: 1961
  • Lot Description: Back Yard, Front Yard
Utilities
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, None, Natural Gas Connected
  • Electric: 100 Amp Service
Interior and Exterior Features
Exterior Features
  • Exterior Features: Private Yard
  • Levels: One
Interior Features
  • Appliances: Gas Water Heater
  • Basement Type: Full, Partially Finished
  • Basement: Yes
  • Total Full Baths: 1
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 1
  • Bedrooms: 3
  • Basement Sq Ft: 999.0
  • Cooling: Central Air
  • Flooring: Hardwood, Tile
  • Heat Type: Forced Air
  • Interior Features: None
  • Roof: Shingle
  • Total # of Rooms: 5
Room 1
  • Room Dimensions: 14.0 x 19.0
  • Room Type: Living Room
Room 2
  • Room Dimensions: 10.0 x 18.0
  • Room Type: Kitchen
Room 3
  • Room Dimensions: 12.0 x 12.0
  • Room Type: Primary Bedroom
Room 4
  • Room Dimensions: 11.0 x 9.0
  • Room Type: Bedroom 2
Room 5
  • Room Dimensions: 12.0 x 10.0
  • Room Type: Bedroom 3

Property History for 1957 Madison Lane

DateEvent & SourcePriceAppreciation
Oct 3, 2025

Price Change

Northwest Indiana REALTORS® Association #821842

$95,000
Jul 10, 2025

Price Change

Northwest Indiana REALTORS® Association #821842

$115,000
Jun 1, 2025

Listed (Active)

Northwest Indiana REALTORS® Association #821842

$110,000
Aug 9, 1999

Sold

Greater Northwest Indiana Association of REALTORS #99006550

$68,000
Jul 27, 1999

Pending

Greater Northwest Indiana Association of REALTORS #99006550

May 29, 1999

Listed (Active)

Greater Northwest Indiana Association of REALTORS #99006550

$71,000
DateEvent & SourcePrice
10/03/2025

Price Change

Northwest Indiana REALTORS® Association #821842

$95,000
07/10/2025

Price Change

Northwest Indiana REALTORS® Association #821842

$115,000
06/01/2025

Listed (Active)

Northwest Indiana REALTORS® Association #821842

$110,000
08/09/1999

Sold

Greater Northwest Indiana Association of REALTORS #99006550

$68,000
07/27/1999

Pending

Greater Northwest Indiana Association of REALTORS #99006550

05/29/1999

Listed (Active)

Greater Northwest Indiana Association of REALTORS #99006550

$71,000

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

Public Records for 1957 Madison Lane

Taxable ValueLand$8,900Additions$63,300Total$72,200
Tax Record2024$700 ($58 / month)
Home Facts
Beds3Baths1Total Finished SqFt999 SqFtAbove Grade Finished SqFt999 SqFtStories1Lot Size7,623 SqFtStyleSingle Family ResidenceYear Built1961CountyLAKEAPN45-08-09-455-002.000-004

Schools near 1957 Madison Lane

This home is within Gary Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Beveridge Elementary School
PublicK to 5

Gary Middle School
Public6 to 8

West Side Leadership Academy
Public9 to 12

Lincoln Achievement Center
PublicK 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

Similar Sold Homes

1957 Madison Lane is a single family home for sale in Gary, IN 46407. This property was listed for sale on June 1, 2025 by Williams Executive Realty & As, it's currently listed at $95,000. It has been on the market for a total of 149 days and was last sold on August 9, 1999. This listing's school district is Gary Community School Corp. Nearby schools include Beveridge Elementary School, Gary Middle School and West Side Leadership Academy. 1957 Madison Lane is a 3-bed, 1-bath, 1,998 sqft single family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Williams Executive Realty & As

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association 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, Northwest Indiana REALTORS® AssociationSoutheastern 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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/18/2026 03:36 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.