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  • $70,000

    3877 Madison St, Gary, IN 46408

    4beds
    --sqft
    Triplex
    Built in 1920
    -- sqft lot
    $72,600 Zestimate®
    $--/sqft
    $1,298 Estimated rent

    Home value

    $72,600

    $66,000 - $80,000

    $1,298/mo

    Zestimate® history
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    Owner options

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    $1,298/mo

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    $353/mo

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    $353/mo

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    What's special

    Opportunity knocks with this diamond in the rough! This unique three unit offers incredible flexibility and income potential. The main building features two spacious units, each with separate entrances, ideal for multi-family living or steady rental income.Tucked above the detached garage, the third unit provides privacy and charm, perfect for a guest suite, short-term rental, or creative space. The real bonus is the basement offers the potential for a fourth unit, complete with its own separate entrance and bath--just waiting for the right vision to unlock its value.Each unit has independent access, offering privacy and convenience for occupants. With some TLC, this property could shine as a strong income generator or multigenerational home.Don't miss the chance to transform this rare find into something truly special. Whether you're an investor, flipper, or homeowner looking for extra rental income, this property is a must-see! Sold As-Is and no contingencies.

    Zillow last checked: 7 hours ago

    Listing updated: June 20, 2025 at 04:34pm

    Listed by:

    Johnette Gore,

    Premier Midwest Realty, INC jgoreproperties@gmail.com

    Bought with:

    Jeff McCormick, RB14033291

    McCormick Real Estate, Inc.

    Source: NIRA as distributed by MLS GRID,MLS#: 821654MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Other
    Appliances
    • Included: None
    Features
    • None
    • Basement: Bath/Stubbed,Unfinished
    • Has fireplace: No
    Interior area
    • Finished area above ground: 1,876

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Faces Rear, On Street
    • Garage spaces: 2
    Features
    • Levels: Other
    • Exterior features: Other
    Lot
    • Size: 3,746 sqft
    • Features: Other
    Details
    • Parcel number: 450828230013000004
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Condition
    • Fixer
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Gary
    • Subdivision: Seroczynskis 1st Add

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/20/2025Sold$70,000-12.5%
    Source: NIRA as distributed by MLS GRID #821654 Report a problem
    6/3/2025Pending sale$80,000
    Source: NIRA as distributed by MLS GRID #821654 Report a problem
    5/30/2025Listed for sale$80,000+26566.7%
    Source: NIRA as distributed by MLS GRID #821654 Report a problem
    5/5/2014Sold$300
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,243 +23.8%$76,800 +55.8%
    2023$1,004 +8%$49,300 +25.8%
    2022$930 +7.4%$39,200 +8%

    Find assessor info on the county website

    Neighborhood: University Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $72,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $72,600