Skip main navigation
Active
    • Price cut: $500 (3/20)
    $11,500

    3992 Madison St, Gary, IN 46408

    2beds
    900sqft
    : 
    Single Family Residence
    Built in 1918
    4,399.56 Square Feet Lot
    $-- Zestimate®
    $13/sqft
    $-- HOA

    What's special

    Full basementFlexible layout
    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 960 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. seller also selling 2525 Tyler St 2456 Delaware St 1769 Van Buren St 3980 Madison St 2612 Madison St 4633 W 11th Ave 445 E Ridge Rd
    80 days
    |
    198
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 20, 2026 at 12:38pm

    Listed by:

    Elyahu Herszberg,

    Realest.com 219-808-1520

    Source: NIRA as distributed by MLS GRID,MLS#: 832738MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom 2, Primary Bedroom
      Primary bedroom
      • Area: 144
      • Dimensions: 12.0 x 12.0
      Bedroom 2
      • Area: 144
      • Dimensions: 12.0 x 12.0
      Heating
      • None
      Appliances
      • Included: None
      Features
      • Other
      • Basement: Full
      • Has fireplace: No
      Interior area
      • Total structure area: 900
      • Total interior livable area: 900 sqft
      • Finished area above ground: 900

      Property

      Features
      • Levels: One
      • Has view: Yes
      • View description: Other
      Lot
      • Size: 4,399.56 Square Feet
      • Features: Other
      Details
      • Parcel number: 450828254033000004
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1918

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Carl Bolius 1st Add
      HOA
      • Has HOA: No
      Location
      • Region: Gary

      Financial & listing details

      • Price per square foot: $13/sqft
      • Tax assessed value: $9,700
      • Annual tax amount: $243
      • Date on market: 1/13/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,232/mo

        Price history

        Price history
        DateEventPrice
        3/20/2026Price change$11,500-4.2%$13/sqft
        Source: NIRA as distributed by MLS GRID #832738 Report a problem
        2/19/2026Price change$12,000-7.7%$13/sqft
        Source: NIRA as distributed by MLS GRID #832738 Report a problem
        1/28/2026Price change$13,000-13.3%$14/sqft
        Source: NIRA as distributed by MLS GRID #832738 Report a problem
        1/13/2026Listed for sale$15,000+354.5%$17/sqft
        Source: NIRA as distributed by MLS GRID #832738 Report a problem
        1/7/2026Sold$3,300-83.9%$4/sqft
        Source: Public Record Report a problem
        2/15/2006Sold$20,450+25.3%$23/sqft
        Source: NIRA as distributed by MLS GRID #142231 Report a problem
        9/30/2005Sold$16,318$18/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$235 +60.6%$9,700 +4.3%
        2023$146 +5.6%$9,300 +63.2%
        2022$138 +5.9%$5,700 +5.6%
        2021$131 +12.6%$5,400 +5.9%
        2020$116 -99.6%$5,100 -12.1%
        2019$27,984 +8.7%$5,800 -6.5%
        2018$25,734 +17596.6%$6,200 -1.6%
        2017$145 $6,300 +1.6%
        2016$145 -9.9%$6,200 -10.1%
        2014$161 +5.7%$6,900 +1.5%
        2013$153 -3.2%$6,800
        2012$158 -82.7%$6,800 -82.2%
        2011$914 -1.2%$38,100 +3%
        2010$925 $37,000 -9.3%
        2009-- $40,800 +17.9%
        2007-- $34,600 +46.6%
        2006-- $23,600
        2005-- $23,600
        2004-- $23,600 +85.8%
        2003-- $12,700
        2002-- $12,700 +200.2%
        2001-- $4,230

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $68/mo
        Principal & interest
        $59
        Property taxes
        $9
        More affordability tools

          Climate risks

          Neighborhood: University Park

          Getting around

          41 / 100
          Car-Dependent
          37 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 46408

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel

            Nearby cities

            Nearby neighborhoods

            Nearby zip codes

            Other Gary Topics