547 Madison Street
Gary, IN 46402
3
Bed
1
Bath
0.09Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 3 Room Types: Bedroom 2, Primary Bedroom, Living Room, Bedroom 3Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 4 Has Basement: YesInterior Features
None Appliances: None -
Heating & Cooling
Heating: None WaterSource: Public
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Building Information
Year Built: 1910
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Lot Information
Lot Description: Back Yard, Rectangular Lot Lot Square Feet: 3746 Lot Acres: 0.086Property Information
Property Type: Residential Sub Type: Single Family Residence
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Tax Information
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 Annual Tax: $1128 Tax Year: 2025 Parcel Number: 450804426009000004
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Parking Information
On Street
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Utility Information
Sewer: Public Sewer Water Source: Public -
Location Information
Subdivision: Gary Land Companys 01 City: Gary Direction: 5th Ave to Madison, turn South Property on east side of street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 731 Martin Luther King .., Gary, IN, 46402 | $135,900 | 3 | 2 | 1,440 | 1,440 SqFt |
| 627 Tennessee Street, Gary, IN, 46402 | $60,000 | 3 | 2 | -- | |
| 856 Kentucky Street, Gary, IN, 46402 | $38,800 | 4 | 2 | 2,130 | 2,130 SqFt |
| 634 Kentucky Street, Gary, IN, 46402 | $149,900 | 3 | 2 | 2,504 | 2,504 SqFt |
| 709 Vermont Street, Gary, IN, 46402 | $19,600 | 2 | 1 | 884 | 884 SqFt |
| 861 Carolina Street, Gary, IN, 46402 | $19,000 | 3 | 1 | 1,572 | 1,572 SqFt |
| 545 Pennsylvania Street, Gary, IN, 46402 | $69,900 | 3 | 1 | 2,050 | 2,050 SqFt |
| 361 Madison Street, Gary, IN, 46402 | $139,900 | 2 | 2 | 1,554 | 1,554 SqFt |
| 1060 Jackson Street, Gary, IN, 46402 | $39,500 | 3 | 2 | 1,134 | 1,134 SqFt |
| 437 Jackson Street, Gary, IN, 46402 | $69,900 | 4 | 3 | 1,536 | 1,536 SqFt |
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ByOwner last updated this listing 06/21/2026 @ 06:20
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