547 Madison Street, Gary, IN 46402
$27,500
Property Type:
Residential
Bedrooms:
3
Baths:
1
Lot Size (sq. ft.):
3,746
Status:
Active
Current Price:
$27,500
List Date:
6/18/2026
Last Modified:
6/18/2026
Overview
Description
Listing Details MLS# 840876
General Property Information
- New Construction YN
- No
- Bedrooms Total
- 3
- Bathrooms Full
- Yes
- Bathrooms Total
- Yes
- Rooms Total
- 4
- Below Grade Unfinished Area
- 616
- Living Area Source
- Assessor
- Year Built
- 1910
- Garage YN
- No
- Lot Size Acres
- 0.086
- Lot Size Square Feet
- 3746
- Lot Size Source
- Assessor
- Association YN
- No
- Waterfront YN
- No
- Basement YN
- Yes
- Fireplace YN
- No
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Above Grade Finished Area
- 0
- Below Grade Finished Area
- 0
Property Features
Appliances:
None
Basement:
Full; Unfinished; Other
Cooling:
None
Heating:
None
Interior Features:
None
Levels:
2-Sty
Listing Terms:
Cash; Other
Lot Features:
Back Yard; Rectangular Lot
Parking Features:
On Street
Possession:
Close Of Escrow
Property Condition:
Fixer
Sewer:
Public Sewer
Special Listing Conditions:
None
Water Source:
Public
Room Types:
Bedroom 2; Bedroom 3; Living Room; Primary Bedroom
Contract Information
- Original List Price
- 27500
- Auction YN
- No
- Property Sub Type
- Single Family Residence
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Seller to consider offering concessions
- No
- Occupant Type
- Vacant
Location Tax and Legal
- Street Number
- 547
- Street Name
- Madison
- Street Suffix
- Street
- County
- Lake
- State
- IN
- Postal Code
- 46402
- Subdivision Name
- Gary Land Companys 01
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-06-18T14:24:32Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-06-18
More Information
Bathroom Totals
- Upper Full
- Yes
Exemption Information
- Exemption YN
- No
Square Footage Information
- Above Grade Unfinished SqFt
- 1232
- Upper Level Finished SqFt
- 0
- Main Level Finished SqFt
- 0
- Lower Level Finished SqFt
- 0
- Basement Level Finished SqFt
- 0
Showing Requirements
- Showing Instructions
- Hold Harmless Agreement required prior to entering building.
Room Types
- Bedroom 2 Level
- Upper
- Bedroom 3 Level
- Upper
- Living Room Level
- Main
- Primary Bedroom Level
- Upper
- Bedroom 2
- Yes
- Bedroom 3
- Yes
- Living Room
- Yes
- Primary Bedroom
- Yes
Location, Tax, and Legal
- Tax Annual Amount
- 1128
- Tax Year
- 2025
- Tax Assessed Value
- 36000
- Tax Legal Description
- GARY LAND CO'S 1ST SUB. N. 28.5FT. L.34 BL.80 S. 1FT. L.35 BL.80
- Parcel Number
- 450804426009000004
- Zoning Description
- Residential
- Township
- Calumet
- Directions
- 5th Ave to Madison, turn South Property on east side of street
- Cross Street
- 6th Ave
- Census Tract
- 102.05
Appliances
- None
- Yes
Basement
- Full
- Yes
- Unfinished
- Yes
- Other
- Yes
Cooling
- None
- Yes
Heating
- None
- Yes
Interior Features
- None
- Yes
Levels
- 2-Sty
- Yes
Listing Terms
- Cash
- Yes
- Other
- Yes
Lot Features
- Back Yard
- Yes
- Rectangular Lot
- Yes
Parking Features
- On Street
- Yes
Possession
- Close Of Escrow
- Yes
Property Condition
- Fixer
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- None
- Yes
View
- City
- Yes
Water Source
- Public
- Yes
Room Information
| Room Name | Level | Length | Width |
|---|---|---|---|
| Primary Bedroom | Upper | 12.00 | 10.00 |
| Bedroom 2 | Upper | 10.00 | 10.00 |
| Bedroom 3 | Upper | 10.00 | 10.00 |
| Living Room | Main | 12.00 | 14.00 |
Listing Office:
Weichert, Realtors-Moke Agency
Last Updated: June - 18 - 2026
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