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$12,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1,000 Sq. Ft.
  • Updated 2 days ago
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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

Full Property Details for 3980 Madison St

General

  • Price: $12,000
  • Taxes: $258 (2024)
  • Status: Active
  • Type: Single Family
  • Source: GNIAR
  • MLS ID: 832736
  • Updated: 1/13/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Other
  • Appliances: None

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Location

  • County: Lake
  • Township: Calumet
  • Subdivision: Carl Bolius 1st Add
  • Driving Directions: Head north on Broadway 3.0 mi Turn left onto W 39th Ave 0.3 mi Turn left onto Madison St Destination will be on the right

Heating & Cooling

  • Heating Type: None

Structural Information

  • Square Feet: 1,000
  • Year Built: 1917

Lot Features

  • Lot Size (Acres): 0.108
  • Lot Size (Sq. Ft.): 4,704
  • Lot Features: Other

Financial Considerations

  • Tax Amount: $258
  • Tax Year: 2024
  • Terms: Cash

Disclosures and Reports

  • Legal Description: CARL BOLIUS 1ST ADD. L.21 & N.1/2 OF L.22
  • Property ID: 450828254031000004

Listed by Realest.com

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— 3980 Madison St —

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Schools serving 3980 Madison St

School District:Gary Community School Corporation
NameGradesDistance
Glen Park Academy For Excel In Lrn
5002 Madison Street, Gary, IN 46408
K-51.3 mi
Mary M Bethune Early Child Development Center
2367 East 21st Avenue, Gary, IN 46407
PK-2.9 mi
Bailly Preparatory Academy
4621 Georgia Street, Gary, IN 46409
6-81.2 mi
West Side Leadership Academy
9th & Gerry St, Gary, IN 46406
9-124.8 mi
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 3980 Madison St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/13/2026
Listed
$12,000
-85.19%
MLS
12/07/2006
Sold
$81,000
—
Public Record
Get Price Alerts and Save Property
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 for 3980 Madison St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,978
241%
$10,300
4%
2023
$873
-98%
$9,900
71%
2022
$51,513
11147%
$5,800
5%
2020
$458
-72%
$5,500
6%
2019
$1,622
—
$5,200
-12%
2019
$1,622
17%
$5,900
-8%
2018
$1,387
905%
$6,400
—
2017
$138
—
$6,400
-85%
2017
$138
-85%
$42,000
-16%
2016
$895
-15%
$49,800
—
2015
$1,050
-63%
$49,600
2%
2013
$2,874
-2%
$48,700
1%
2012
$2,939
—
$48,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3980 Madison Street, Gary, IN 46408 (MLS# 832736) is a Single Family property with 3 bedrooms and 1 full bathroom. 3980 Madison Street is currently listed for $12,000 and was received on January 13, 2026. Want to learn more about 3980 Madison Street? 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.

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