# 1416 S Madison Street, Bloomington, IN 47403

> **TL;DR:** 3bd/2ba residential multi family, $275,000 ($188/sqft), 1,460 sqft. Est. $1,192/mo. Listed 6 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $275,000 |
| Price/sqft | $188 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 1,460 |
| Lot Size | 8,712 sqft (0.20 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 6 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,192 |
| **Total** | **$1,192** |

## Nearby Schools

- **Elementary:** Templeton
- **Middle:** Jackson Creek
- **High:** Bloomington South

## Property Highlights

- 0.20 acre lot

## Description

### Agent Description
FANTASTIC DOWNTOWN LOCATION with an income producing opportunity!  The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot.  The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop.  Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back, as well as additional alley access on the north and west sides of the property. The main house features hardwood floors, a large eat-in kitchen, range, refrigerator, washer, dryer, central air, and a large shady yard.  The 600 SF grandfathered cottage is tucked away behind the main house, with off street parking, a covered front porch, open living room and kitchen, 2 nice sized bedrooms and a large full bath.  This home comes with a refrigerator, range, and window a/c unit.  It rents for $1250 per month, tenant pays utilities. The address of the cottage is 1416 1/2 S Madison.

## Location

- **Address:** 1416 S Madison Street, Bloomington, IN 47403
- **County:** Monroe County
- **Neighborhood:** None
- **Coordinates:** 39.151083, -86.538138
- **Google Maps:** https://www.google.com/maps?q=39.151083,-86.538138

## Listing Agent

- **Name:** Ajmal Safi
- **Brokerage:** RE/MAX Acclaimed Properties
- **Phone:** 8122191598
- **Email:** ajmal.safi@homefinder.org

## Primary Photo

![1416 S Madison Street - Primary Photo](http://lh.rdcpix.com/26745a268c48d224c822ae4fa40e678al-f482140587r.jpg)

*4 total photos available on [listing page](https://www.propertysimple.com/listing/1416-s-madison-street-bloomington-in-47403-02624325)*

---

**MLS#:** 202624325 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1416-s-madison-street-bloomington-in-47403-02624325)

---

## Structured Data

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  "name": "1416 S Madison Street, Bloomington, IN 47403",
  "description": "FANTASTIC DOWNTOWN LOCATION with an income producing opportunity!  The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot.  The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop.  Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back",
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```