4446 Madison Street, Gary, IN 46408

New Listing
$104,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,044 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $104,000 List Date: 7/18/2026 Last Modified: 7/18/2026

Overview

Description

Cash-Flowing Investment Opportunity - Turnkey & Tenant Occupied! Start earning income from day one! This beautifully renovated brick ranch is the perfect addition to any real estate portfolio. Property Highlights: Currently rented for 1,300/month. Lease in place through March 31, 2027 - reliable, immediate cash flow. Beautiful hardwood floors, updated kitchen featuring elegant quartz countertops, and a stunning entryway that creates a warm first impression, low-maintenance brick exterior. Located on a quiet residential street, this home offers the perfect blend of comfort, convenience, and long-term value. Just minutes from a community college, university, shopping, dining, and major highways, making it an attractive rental location. Whether you're expanding your investment portfolio or looking for a turnkey income-producing property, this one checks all the boxes!

Listing Details MLS# 842514

General Property Information

New Construction YN
No
Bedrooms Total
3
Bathrooms Full
2
Bathrooms Total
2
Rooms Total
5
Accessibility Features YN
No
Above Grade Finished Area
1044
Living Area
1044
Year Built
1924
Garage YN
No
Lot Size Acres
0.12
Lot Size Square Feet
5227.2
Lot Size Source
Assessor
Association YN
No
Waterfront YN
No
Basement YN
Yes
Fireplace YN
No
Bathrooms Half
0
Bathrooms Three Quarter
0
Below Grade Finished Area
0

Property Features

Appliances: None Basement: Unfinished Construction Materials: Brick Cooling: None Electric: 100 Amp Service Exterior Features: None Fencing: Partial Flooring: Hardwood; Tile; Vinyl Heating: Natural Gas Interior Features: Stone Counters Laundry Features: Gas Dryer Hookup; Washer Hookup Levels: 1-Sty/Ranch/Bungalow Listing Terms: Cash; Conventional; FHA Lock Box Information: Call Listing Office Lot Features: Other Parking Features: On Street Pool Features: None Possession: Close Of Escrow; Subject To Tenant Rights Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None View: Neighborhood Water Source: Public Window Features: Insulated Windows Room Types: Bedroom 2; Bedroom 3; Kitchen; Living Room; Primary Bedroom

Contract Information

Original List Price
104000
Auction YN
No
Property Sub Type
Single Family Residence
Property Attached YN
No
Listing Agreement
Exclusive Agency
Owner Name
Oh Jensen LLC
Occupant Type
Tenant

Location Tax and Legal

Street Number
4446
Street Name
Madison
Street Suffix
Street
County
Lake
State
IN
Postal Code
46408
Subdivision Name
Tolleston Heights

Remarks and Miscellaneous

Public Remarks
Cash-Flowing Investment Opportunity - Turnkey & Tenant Occupied! Start earning income from day one! This beautifully renovated brick ranch is the perfect addition to any real estate portfolio. Property Highlights: Currently rented for 1,300/month. Lease in place through March 31, 2027 - reliable, immediate cash flow. Beautiful hardwood floors, updated kitchen featuring elegant quartz countertops, and a stunning entryway that creates a warm first impression, low-maintenance brick exterior. Located on a quiet residential street, this home offers the perfect blend of comfort, convenience, and long-term value. Just minutes from a community college, university, shopping, dining, and major highways, making it an attractive rental location. Whether you're expanding your investment portfolio or looking for a turnkey income-producing property, this one checks all the boxes!

Status Change Information

Major Change Timestamp
2026-07-18T01:39:16Z
Major Change Type
New Listing
Status Change Timestamp
2026-07-17

More Information

Bathroom Totals

Basement Full
Yes
Main Full
2

Exemption Information

Exemption YN
No

Square Footage Information

Main Level Finished SqFt
1044
Upper Level Finished SqFt
0
Lower Level Finished SqFt
0
Basement Level Finished SqFt
0

Showing Requirements

Showing Instructions
Please schedule all showings with Listing Agent with a minimum 24 hour notice

Room Types

Bedroom 2 Level
Main
Bedroom 3 Level
Main
Kitchen Level
Main
Living Room Level
Main
Primary Bedroom Level
Main
Bedroom 2
Yes
Bedroom 3
Yes
Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes

Location, Tax, and Legal

School District
Gary
Tax Annual Amount
1242
Tax Year
2024
Tax Assessed Value
49500
Tax Legal Description
TOLLESTON HEIGHTS L. 36 AND N. 15 FT. OF L.37 BL.4
Parcel Number
450828458022000004
Zoning Description
Residential
Township
Calumet
Directions
Broadway to 44th, 44th to Madison, take a left and head south to 45th, home is on the right hand side in the middle of the block
Cross Street
45th Street
Census Tract
125

Appliances

None
Yes

Basement

Unfinished
Yes

Construction Materials

Brick
Yes

Cooling

None
Yes

Electric

100 Amp Service
Yes

Exterior Features

None
Yes

Fencing

Partial
Yes

Flooring

Hardwood
Yes
Tile
Yes
Vinyl
Yes

Heating

Natural Gas
Yes

Interior Features

Stone Counters
Yes

Laundry Features

Gas Dryer Hookup
Yes
Washer Hookup
Yes

Levels

1-Sty/Ranch/Bungalow
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Lock Box Information

Call Listing Office
Yes

Lot Features

Other
Yes

Parking Features

On Street
Yes

Pool Features

None
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

None
Yes

View

Neighborhood
Yes

Water Source

Public
Yes

Window Features

Insulated Windows
Yes

Room Information

Room Name Level Length Width
Living Room Main 9.00 9.00
Kitchen Main 4.00 9.00
Primary Bedroom Main 12.00 10.00
Bedroom 2 Main 10.00 8.00
Bedroom 3 Main 10.00 8.00
Listing Office: Graciela Barajas, Broker
Last Updated: July - 18 - 2026
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