547 Madison St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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....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.
  1. Listed by Dennis Nichols • Weichert, Realtors-Moke Agency
    P: (219)-257-2800 C: (219)-257-2800 dennis.nichols2020@gmail.com

Property Details for 547 Madison Street

Zoning
residential
Subdivision
Gary Land Companys 01
OriginalListPrice
$27,500.00
NRA_DelayedMarketingYN
No
NRA_ExemptionYN
No
SpecialListingConditions
None
NRA_AuctionYN
No
TaxAssessedValue
$36,000.00
LISTING UPDATED: 06/18/2026 06:04 PM

Property Details for 547 Madison Street

StatusActive
MLS #840876
Days on Market1
Taxes$1,128 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1910
Lot Size0.09 AC / 3,746 SF
CountyLake County

Location

Listing Courtesy of Weichert, Realtors-Moke Agency
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Building Information for 547 Madison Street

Stories-Year Built1910Building Size-Lot Size0.09 AC / 3,746 SF

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$231 per month

30 year fixed, 6.36% Interest

Principal and Interest

$137

Property Taxes

$94

HOA Dues

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Property Information for 547 Madison Street

Summary
Location and General Information
  • Directions: 5th Ave to Madison, turn South Property on east side of street
  • Cross Street Address: 6th Ave
  • City/Town: Gary
  • State: IN
  • Township: Calumet
  • ZIP: 46402
  • Latitude: 41.60
  • Longitude: -87.34
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $1,128.00
  • APN/Key #: 450804426009000004
  • Tax Year: 2025
  • Tax Legal Description: GARY LAND CO'S 1ST SUB. N. 28.5FT. L.34 BL.80 S. 1FT. L.35 BL.80
Parking
  • Garage Description: On Street
Property
Lot Information
  • Lot Square Footage: 3,746.00
  • Square Footage: 0.0
  • Square Footage Source: Assessor
  • Acres: .09
  • LotSizeSource: Assessor
  • WaterfrontYN: No
  • AboveGradeFinishedArea: 0.0
  • BelowGradeUnfinishedArea: 616.0
  • View: City
Property and Assessments
  • Property Type: Residential
  • Property Subtype 1: Single Family Residence
  • Year Built: 1910
  • Lot Description: Back Yard, Rectangular Lot
  • NewConstructionYN: No
  • GarageYN: No
  • AssociationYN: No
  • PropertyAttachedYN: No
Utilities
  • Sewer: Public Sewer
  • WaterSource: Public
Interior and Exterior Features
Exterior Features
  • Levels: Two
  • PropertyCondition: Fixer
Interior Features
  • Appliances: None
  • Basement Type: Full, Unfinished, Other
  • 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: None
  • Total # of Rooms: 4
  • FireplaceYN: No
Room 1
  • Room Dimensions: 12.0 x 10.0
  • Room Type: Primary Bedroom
Room 2
  • Room Dimensions: 10.0 x 10.0
  • Room Type: Bedroom 2
Room 3
  • Room Dimensions: 10.0 x 10.0
  • Room Type: Bedroom 3
Room 4
  • Room Dimensions: 12.0 x 14.0
  • Room Type: Living Room

Property History for 547 Madison Street

DateEvent & SourcePriceAppreciation
Jun 18, 2026

Listed (Active)

Northwest Indiana REALTORS® Association #840876

$27,500
DateEvent & SourcePrice
06/18/2026

Listed (Active)

Northwest Indiana REALTORS® Association #840876

$27,500

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

Public Records for 547 Madison Street

Taxable ValueLand$5,300Additions$34,800Total$40,100
Tax Record2024$834 ($70 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,232 SqFtAbove Grade Finished SqFt1,232 SqFtStories2Lot Size3,746 SqFtStyleSingle Family ResidenceYear Built1910Year Renovated1960CountyLAKEAPN45-08-04-426-009.000-004

Schools near 547 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 - 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

Gary Virtual Academy
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

547 Madison Street is a single family home for sale in Gary, IN 46402. This property was listed for sale on June 18, 2026 by Weichert, Realtors-Moke Agency, it's currently listed at $27,500. This listing's school district is Gary Community School Corp. Nearby schools include Beveridge Elementary School, Gary Middle School and West Side Leadership Academy. 547 Madison Street is a 3-bed, 1-bath, single family home built in 1910.

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 Weichert, Realtors-Moke Agency

Based on information submitted to the MLS GRID as of 06/18/2026 06:04 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. 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.