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About This Home

This 3-bedroom, 1-bathroom single family at 3980 Madison Street in Gary, IN is listed for $8,500 ($9 per sqft). Built in 1917, the home offers 1,000 sqft of living space on a 0.11 acres lot.

Agent Description

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 1,000 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.

Key Features

  • Built in 1917
  • 0.11 acre lot

Property Details

1 story
1 full
1917

Monthly Cost Estimate

$45/mo

20% down · 6.5% · 30 years

Principal$6
Interest$37
Insurance$2

Estimates only. Actual payments may vary.

Location

3980 Madison Street

Gary, IN 46408

Carl Bolius 1st Add

Questions & Answers

This 3-bedroom, 1-bathroom single family at 3980 Madison Street is listed at $8,500 ($9/sqft). The estimated monthly payment is $37 based on 20% down at 6.5% interest.

Key features include: Built in 1917, 0.11 acre lot.

This property is listed by Elyahu Herszberg and can be reached at 2192894171 or elyahu.realestate@gmail.com.

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EH

Elyahu Herszberg

Agent at Realest.com

(219) 289-4171

Listed by Realest.com

MLS# 832736· Source: listhub· Updated 88 days ago

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3980 Madison Street, Gary, IN 46408

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