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$95,000
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Property Description
SHORT SALE ALERT! Investor Special or Handy Homeowner Opportunity! Located in the heart of the historic Means Manor neighborhood of Midtown Gary, this 3-bedroom, 1-bathroom fixer-upper offers endless potential. Featuring a full basement and solid bones, it's perfect for your next renovation project. Just minutes from the I-90 Toll Road and Highway 80/94, with quick and easy access to Chicago--ideal for commuters or investors looking for a strategic location. Don't miss out on this diamond in the rough. Schedule your showing today!
Full Property Details
Full Property Details for 1957 Madison Ln
General
- Price: $95,000
- Taxes: $640 (2023)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 821842
- Updated: 12/2/2025
- Added to Site: 227 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: None
- Appliances: Gas Water Heater
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Private Yard
Parking
- Garage Spaces: 2
- Parking Features: Detached, On Street, Off Street
Location
- County: Lake
- Township: Calumet
- Subdivision: Andrew Means 4th Park
- Driving Directions: Broadway to 21st Ave. West on 21st Ave to Madison St. North on Madison to Madison Lane (quick left). Madison Lan to property.
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 1,998
- Year Built: 1961
Lot Features
- Lot Size (Acres): 0.175
- Lot Size (Sq. Ft.): 7,623
- Lot Features: Back Yard, Front Yard
Financial Considerations
- Tax Amount: $640
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: ANDREW MEANS 4TH PARK MANOR L.40
- Property ID: 450809455002000004
Listed by Williams Executive Realty & As
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Schools
Schools serving 1957 Madison Ln
School District:Gary Community School Corporation
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1957 Madison Ln
Date
Details
Price
Change
Source
10/03/2025
Price Reduced
$95,000
-3.55%
MLS
9/19/2025
Price Reduced
$98,500
-6.19%
MLS
8/22/2025
Price Reduced
$105,000
-4.55%
MLS
7/25/2025
Price Reduced
$110,000
-4.35%
MLS
7/10/2025
Price Increased
$115,000
4.55%
MLS
6/02/2025
Listed
$110,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1957 Madison Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$700
-86%
$72,200
27%
2023
$5,017
717%
$56,900
3%
2022
$614
-37%
$55,000
-1%
2020
$982
63%
$55,700
2%
2019
$604
-2%
$54,400
—
2018
$618
-1%
$54,400
-1%
2017
$627
—
$54,900
-4%
2017
$627
-3%
$57,100
-30%
2016
$647
-22%
$81,100
1%
2015
$833
-26%
$80,300
2%
2013
$1,124
-1%
$78,900
1%
2012
$1,136
—
$78,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1957 Madison Ln
1957 Madison Lane, Gary, IN 46407 (MLS# 821842) is a Single Family property with 3 bedrooms and 1 full bathroom. 1957 Madison Lane is currently listed for $95,000 and was received on June 02, 2025. Want to learn more about 1957 Madison Lane? Do you have questions about finding other Single Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

