3980 Madison St

1,000 Sq. Ft.
$9 / Sq. Ft.
1,000
Sq. Ft.
$9
per Sq. Ft.

Description

Investor Special - Massive Potential & Solid Bones This home is the ultimate blank canvas for your next project. If you are looking for a property with "good bones" that can be reimagined into a much larger residence, this is it. Key Features: Full Basement: providing massive potential to double your usable square footage or add extra bedrooms. Flexible Layout: The interior is ready to be reconfigured. With 1,000 sq. ft. to work with, you can easily open up the floor plan to create a more spacious,...Investor Special - Massive Potential & Solid Bones This home is the ultimate blank canvas for your next project. If you are looking for a property with "good bones" that can be reimagined into a much larger residence, this is it. Key Features: Full Basement: providing massive potential to double your usable square footage or add extra bedrooms. Flexible Layout: The interior is ready to be reconfigured. With 1,000 sq. ft. to work with, you can easily open up the floor plan to create a more spacious, modern living area. This house needs a total renovation.
  1. Listed by Elyahu Herszberg • Realest.com
    P: (219)-289-4171 C: (219)-289-4171 elyahu.realestate@gmail.com

Property Details for 3980 Madison Street

Subdivision
Carl Bolius 1st Add
LISTING UPDATED: 04/06/2026 08:58 AM

Property Details for 3980 Madison Street

StatusActive
MLS #832736
Days on Market103
Taxes$258 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1917
Lot Size0.11 AC / 4,704 SF
CountyLake County

Location

Listing Courtesy of Realest.com
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Building Information for 3980 Madison Street

Stories-Year Built1917Building Size-Lot Size0.11 AC / 4,704 SF

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$43

Property Taxes

$22

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Property Information for 3980 Madison Street

Summary
Location and General Information
  • Directions: Head north on Broadway 3.0 mi Turn left onto W 39th Ave 0.3 mi Turn left onto Madison St Destination will be on the right
  • City/Town: Gary
  • State: IN
  • Township: Calumet
  • ZIP: 46408
  • Latitude: 41.55
  • Longitude: -87.34
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $258.00
  • APN/Key #: 450828254031000004
  • Tax Year: 2024
  • Tax Legal Description: CARL BOLIUS 1ST ADD. L.21 & N.1/2 OF L.22
Property
Lot Information
  • Lot Square Footage: 4,704.00
  • Square Footage: 1000.0
  • Square Footage Source: Assessor
  • Acres: .11
Property and Assessments
  • Property Type: Residential
  • Property Subtype 1: Single Family Residence
  • Year Built: 1917
  • Lot Description: Other
Interior and Exterior Features
Exterior Features
  • Levels: One
Interior Features
  • Appliances: None
  • Basement Type: Full
  • Basement: Yes
  • Total Full Baths: 1
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 1
  • Bedrooms: 3
  • Basement Sq Ft: 0.0
  • Cooling: None
  • Heat Type: None
  • Interior Features: Other
  • Total # of Rooms: 3
Room 1
  • Room Dimensions: 11.0 x 11.0
  • Room Type: Primary Bedroom
Room 2
  • Room Dimensions: 11.0 x 11.0
  • Room Type: Bedroom 2
Room 3
  • Room Dimensions: 11.0 x 11.0
  • Room Type: Bedroom 3

Property History for 3980 Madison Street

DateEvent & SourcePriceAppreciation
Mar 20, 2026

Price Change

Northwest Indiana REALTORS® Association #832736

$8,500
Feb 19, 2026

Price Change

Northwest Indiana REALTORS® Association #832736

$9,000
Jan 28, 2026

Price Change

Northwest Indiana REALTORS® Association #832736

$10,000
DateEvent & SourcePrice
03/20/2026

Price Change

Northwest Indiana REALTORS® Association #832736

$8,500
02/19/2026

Price Change

Northwest Indiana REALTORS® Association #832736

$9,000
01/28/2026

Price Change

Northwest Indiana REALTORS® Association #832736

$10,000

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

Public Records for 3980 Madison Street

Taxable ValueLand$6,500Additions$4,600Total$11,100
Tax Record2024$2,978 ($248 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,000 SqFtAbove Grade Finished SqFt1,000 SqFtStories1Lot Size4,704 SqFtStyleSingle Family ResidenceYear Built1917Year Renovated1975CountyLAKEAPN45-08-28-254-031.000-004

Schools near 3980 Madison Street

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 - 6 to 12
Rating
School
Distance
Glen Park Academy
PublicK to 5

Bailly Preparatory Academy
Public6 to 8

West Side Leadership Academy
Public9 to 12

Gary Career Center
Public6 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

3980 Madison Street is a single family home for sale in Gary, IN 46408. This property was listed for sale on January 12, 2026 by Realest.com, it's currently listed at $8,500. It has been on the market for a total of 103 days and was last sold on December 7, 2006. This listing's school district is Gary Community School Corp. Nearby schools include Glen Park Academy, Bailly Preparatory Academy and West Side Leadership Academy. 3980 Madison Street is a 3-bed, 1-bath, 1,000 sqft single family home built in 1917.

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 Realest.com

Based on information submitted to the MLS GRID as of 04/06/2026 08:58 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.