# 547 Madison Street, Gary, IN 46402 > **TL;DR:** 3bd/1ba single family, $27,500, built 1910. > View. Est. $147/mo. Listed 134 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $27,500 | | Bedrooms | 3 | | Bathrooms | 1 full | | Year Built | 1910 | | Lot Size | 3,746 sqft (0.09 acres) | | Stories | 2 | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 134 | ## Why This Home Stands Out - **Views** - City ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $139 | | Estimated Insurance | $8 | | **Total** | **$147** | ## Key Amenities - View ## Property Highlights - Built in 1910 - 0.09 acre lot - 2 stories ## Description ### Agent Description 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. ## Location - **Address:** 547 Madison Street, Gary, IN 46402 - **County:** Lake - **Neighborhood:** Gary Land Companys 01 - **Coordinates:** 41.60095, -87.341782 - **Google Maps:** https://www.google.com/maps?q=41.60095,-87.341782 ## Listing Agent - **Name:** Dennis Nichols - **Brokerage:** Moke Realty, Inc. - **Broker Phone:** (219) 662-3000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/547-Madison-St_Gary_IN_46402_M46231-96087?f=listhub&s=GNIARIN&m=840876&c=propsimple) ## Photos ![547 Madison Street - Photo 1](http://lh.rdcpix.com/0357ff92ab0f9f954fc22afaf28d40ebl-f3730860351r.jpg) ![547 Madison Street - Photo 2](http://lh.rdcpix.com/0357ff92ab0f9f954fc22afaf28d40ebl-f2587539545r.jpg) ![547 Madison Street - Photo 3](http://lh.rdcpix.com/0357ff92ab0f9f954fc22afaf28d40ebl-f1157488188r.jpg) ![547 Madison Street - Photo 4](http://lh.rdcpix.com/0357ff92ab0f9f954fc22afaf28d40ebl-f1660845129r.jpg) ![547 Madison Street - Photo 5](http://lh.rdcpix.com/0357ff92ab0f9f954fc22afaf28d40ebl-f2154949269r.jpg) --- **MLS#:** 840876 | **Updated:** 2026-10-24 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/547-madison-street-gary-in-46402-1b02c6778b1640efbd9ca434a554ae67) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/547-madison-street-gary-in-46402-1b02c6778b1640efbd9ca434a554ae67#listing", "url": "https://staging.propertysimple.ai/listing/547-madison-street-gary-in-46402-1b02c6778b1640efbd9ca434a554ae67", "name": "547 Madison Street, Gary, IN 46402", "description": "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. 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