308 S Madison St

$499,000
Price
5
Beds
2,351 Sq. Ft.
$212 / Sq. Ft.
2,351
Sq. Ft.
$212
per Sq. Ft.

Description

Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison)...Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison) has a new bathroom, refreshed kitchen and new heating and cooling systems. There is a laundry area for the apartment in the garage. Both units rent easily; inquire for rental information. Homestead tax exemption not currently filed; taxes would be lower with homestead exemption. Listing agent is owner.
  1. Listed by Scott Owens • Owens Realty Group

Property Details for 308 South Madison Street

Style
One and Half Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 07/10/2025 12:24 PM

Property Details for 308 South Madison Street

StatusActive
MLS #202524536
Days on Market180
Taxes$10,332 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1930
Lot Size0.20 AC / 8,712 SF
CountyMonroe County

Location

Listing Courtesy of Owens Realty Group
Add your commute

Building Information for 308 South Madison Street

Stories1Residences2Year Built1930Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$3,327 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,466

Property Taxes

$861

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 308 South Madison Street

Summary
Location and General Information
  • Area: Monroe County
  • City: Bloomington
  • Zip Code: 47403
  • State: IN
  • Township: Perry
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Fips Code: 18105
  • Directions To Property: Heading West on E 3rd St take a left on Madison St. 308 S Madison is the 2nd home on your right.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 53-08-05-101-016.000-009
School Information
  • School District: Monroe County Community School Corp.
  • Elementary: Fairview
  • Middle School: Tri-North
  • High School: Bloomington North
Parking
  • Number Of Parking Spaces: 4
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.2
  • Lot Dimensions: Rectangular
  • Below Grade Unfin Sqft: 403.0
  • Total Square Feet: 2754.0
  • Approx Lot Size Sqft: 8712.0
  • Above Grade Finished Sqft: 2351.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 403.0
  • Total Finished Sqft: 2351.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Irregular
Property and Assessments
  • New Construction: No
  • Year Built: 1930
  • Age: 95
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Cable Available, Deck Open
  • Exterior: Aluminum, Stone
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 2
  • Number of Disposals: 2
  • Number of Dryers: 2
  • Number of Microwaves: 2
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 2
  • Number of W/D Hookups: 2
  • Number of Washers: 2
  • Basement: Yes
  • Basement/Foundation: Unfinished
  • Cooling: Central Air
  • Flooring: Wood
  • Heating/Fuel: Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 5
  • Total Number of Full Baths: 3
  • Total Number of Half Baths: 0
  • Total Baths: 3
  • Number Total Rooms Below Grade: 1
  • Num Of 1 Bedrooms: 1
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 1
Multi Family
Multi-Family Information
  • Num of Efficiencies: 1
  • Num of Units Rented: 2
  • Number of Units: 2
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $50,700
  • Annual Insurance Expense: $1,000
  • Annual Maint. Expense: $11,153
  • Annual Misc: $0
  • Annual Net Income: $28,215
  • Annual Property Tax: $10,332
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $4,225
  • Gross Monthly Rent: $4,225
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Cable, Electric, Heating, Sewer, Water

Property History for 308 South Madison Street

DateEvent & SourcePriceAppreciation
Jul 10, 2025

Price Change

MIBORMLS #22043812

$499,000
Jun 26, 2025

Price Change

Indiana Regional MLS #202524536

$519,000
Jun 26, 2025

Listed (Active)

Indiana Regional MLS #202524536

$499,000
Jun 9, 2025

Listed (Active)

MIBORMLS #22043812

$519,000
Jun 6, 2025

Price Change

Indiana Regional MLS #202521620

$519,000
Jun 6, 2025

Listed (Active)

Indiana Regional MLS #202521620

$499,000
Oct 18, 2024

Expired

Indiana Regional MLS #202412659

Oct 18, 2024

Withdrawn

Indiana Regional MLS #202412659

Oct 18, 2024

Expired

MIBORMLS #21977085

Oct 18, 2024

Expired

Indiana Regional MLS #202412650

Oct 18, 2024

Withdrawn

MIBORMLS #21977085

Oct 18, 2024

Withdrawn

Indiana Regional MLS #202412650

Jun 13, 2024

Price Change

MIBORMLS #21977085

$519,900
Apr 30, 2024

Listed (Active)

MIBORMLS #21977085

$549,000
Apr 21, 2024

In Contract

Indiana Regional MLS #202412659

Apr 21, 2024

In Contract

Indiana Regional MLS #202412650

Apr 16, 2024

Price Change

Indiana Regional MLS #202412659

$549,000
Apr 16, 2024

Price Change

Indiana Regional MLS #202412650

$549,000
Apr 16, 2024

Listed (Active)

Indiana Regional MLS #202412659

$519,900
Apr 16, 2024

Listed (Active)

Indiana Regional MLS #202412650

$519,900
Jan 15, 2019

Sold

Indiana Regional MLS #201901747

$275,000
Jan 15, 2019

Pending

Indiana Regional MLS #201901747

Jan 15, 2019

Listed (Active)

Indiana Regional MLS #201901747

$275,000
Jul 8, 2014

Sold (Public Record)

Public Record #1115709944

$235,000
Jul 8, 2014

Sold

Indiana Regional MLS #201409624

$235,000
May 19, 2014

Pending

Indiana Regional MLS #201409624

Mar 31, 2014

Listed (Active)

Indiana Regional MLS #201409624

$249,900
Sep 7, 2007

Expired

RMLS ALLIANCE #EB258104

$89,900
Mar 7, 2007

Listed (Active)

RMLS ALLIANCE #EB258104

$89,900
Aug 25, 2001

Expired

Indiana Regional MLS #445875

Apr 25, 2001

Listed (Active)

Indiana Regional MLS #445875

$142,500
DateEvent & SourcePrice
07/10/2025

Price Change

MIBORMLS #22043812

$499,000
06/26/2025

Price Change

Indiana Regional MLS #202524536

$519,000
06/26/2025

Listed (Active)

Indiana Regional MLS #202524536

$499,000
06/09/2025

Listed (Active)

MIBORMLS #22043812

$519,000
06/06/2025

Price Change

Indiana Regional MLS #202521620

$519,000
06/06/2025

Listed (Active)

Indiana Regional MLS #202521620

$499,000
10/18/2024

Expired

Indiana Regional MLS #202412659

10/18/2024

Withdrawn

Indiana Regional MLS #202412659

10/18/2024

Expired

MIBORMLS #21977085

10/18/2024

Expired

Indiana Regional MLS #202412650

10/18/2024

Withdrawn

MIBORMLS #21977085

10/18/2024

Withdrawn

Indiana Regional MLS #202412650

06/13/2024

Price Change

MIBORMLS #21977085

$519,900
04/30/2024

Listed (Active)

MIBORMLS #21977085

$549,000
04/21/2024

In Contract

Indiana Regional MLS #202412659

04/21/2024

In Contract

Indiana Regional MLS #202412650

04/16/2024

Price Change

Indiana Regional MLS #202412659

$549,000
04/16/2024

Price Change

Indiana Regional MLS #202412650

$549,000
04/16/2024

Listed (Active)

Indiana Regional MLS #202412659

$519,900
04/16/2024

Listed (Active)

Indiana Regional MLS #202412650

$519,900
01/15/2019

Sold

Indiana Regional MLS #201901747

$275,000
01/15/2019

Pending

Indiana Regional MLS #201901747

01/15/2019

Listed (Active)

Indiana Regional MLS #201901747

$275,000
07/08/2014

Sold (Public Record)

Public Record #1115709944

$235,000
07/08/2014

Sold

Indiana Regional MLS #201409624

$235,000
05/19/2014

Pending

Indiana Regional MLS #201409624

03/31/2014

Listed (Active)

Indiana Regional MLS #201409624

$249,900
09/07/2007

Expired

RMLS ALLIANCE #EB258104

$89,900
03/07/2007

Listed (Active)

RMLS ALLIANCE #EB258104

$89,900
08/25/2001

Expired

Indiana Regional MLS #445875

04/25/2001

Listed (Active)

Indiana Regional MLS #445875

$142,500

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

Public Records for 308 South Madison Street

Taxable ValueLand$93,800Additions$410,900Total$504,700
Tax Record2024$10,332 ($861 / month)
Home Facts
Beds4Baths2.5Total Finished SqFt1,667 SqFtAbove Grade Finished SqFt1,667 SqFtStories2Lot Size8,712 SqFtStyleSingle Family ResidenceYear Built1899Year Renovated1990CountyMONROEAPN53-08-05-101-016.000-009

Schools near 308 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 - 9 to 12
Rating
School
Distance
Fairview Elementary School
PublicPK to 6

Tri-North Middle School
Public7 to 8

Bloomington High School North
Public9 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

308 South Madison Street is a multi-family home for sale in Bloomington, IN 47403. This property was listed for sale on June 26, 2025 by Owens Realty Group, it's currently listed at $499,000. It has been on the market for a total of 180 days and was last sold on January 15, 2019. This listing's school district is Monroe County Com Sch Corp. Nearby schools include Fairview Elementary School, Tri-North Middle School and Bloomington High School North. 308 South Madison Street is a 5-bed, 3-bath, 2,351 sqft multi-family home built in 1930.

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 Owens Realty Group

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.