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$70,000
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Property Description
Opportunity knocks with this diamond in the rough! This unique three unit offers incredible flexibility and income potential. The main building features two spacious units, each with separate entrances, ideal for multi-family living or steady rental income.Tucked above the detached garage, the third unit provides privacy and charm, perfect for a guest suite, short-term rental, or creative space. The real bonus is the basement offers the potential for a fourth unit, complete with its own separate entrance and bath--just waiting for the right vision to unlock its value.Each unit has independent access, offering privacy and convenience for occupants. With some TLC, this property could shine as a strong income generator or multigenerational home.Don't miss the chance to transform this rare find into something truly special. Whether you're an investor, flipper, or homeowner looking for extra rental income, this property is a must-see! Sold As-Is and no contingencies.
Full Property Details
Full Property Details for 3877 Madison St
General
- Sold For: $70,000
- Taxes: $1,243 (2023)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 821654
Property History
- 3877 Madison St, Gary, IN
- Sold $70,000 on 6/20/25
- Listed $80,000 on 5/30/25
Interior
- Interior Features: None
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Other
Parking
- Garage Spaces: 2
- Parking Features: Garage Faces Rear, On Street
Location
- County: Lake
- Township: Calumet
- Subdivision: Seroczynskis 1st Add
- Driving Directions: Ridge Road to Madison Street
Heating & Cooling
- Heating Type: Other
Structural Information
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.086
- Lot Size (Sq. Ft.): 3,746
- Lot Features: Other
Financial Considerations
- Tax Amount: $1,243
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: SEROCZYNSKIS 1ST ADD. JACKSON PARK N. 20 FT. L.33 S. 10 FT. L.34
- Property ID: 450828230013000004
Listed by Premier Midwest Realty, INC
Sold by McCormick Real Estate, Inc.
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Schools
Schools serving 3877 Madison St
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.
3877 Madison Street, Gary, IN 46408 (MLS# 821654) is a Multi-Family property that was sold at $70,000 on June 20, 2025. Want to learn more about 3877 Madison Street? Do you have questions about finding other Multi-Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

