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701 Madison Street, Gary, IN 46402
$58,000
701 Madison Street, Gary, IN 46402View this property at 701 Madison Street, Gary, IN 46402
701 Madison StreetGaryIN46402
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Property Description
Don't miss this prime investment opportunity! This 5-unit building is a blank canvas awaiting your creative touch. Perfect for investors looking to capitalize on the booming real estate market by transforming this property into a lucrative asset.This building consists of five individual units each with versatile floor plans, providing ample rental income potential once renovated.Don't miss out on this incredible opportunity to turn this 5-unit building into a profitable investment. Act fast, and let your imagination bring this property to life!
Full Property Details
Full Property Details for 701 Madison St
General
- Sold For: $58,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 543552
- Added to Site: 117 day(s) ago
Interior
- Number of Rooms: 18
- Interior Features: Elevator
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Parking
- Garage Spaces: 2
- Parking Features: Detached
Location
- County: Lake
- Township: Calumet
- Subdivision: Gary Land Companys 01
- Driving Directions: Take Broadway North to 8th Ave. Turn left on 8th Avenue to Madison and turn right. Take Madison to 7th Avenue.
Structural Information
- Square Feet: 5,719
- Year Built: 1909
Lot Features
- Lot Size (Acres): 0.129
- Lot Size (Sq. Ft.): 5,619
- Lot Dimensions: 45 x 125
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Legal Description: Legal Description: GARY LAND CO'S 1ST SUB. ALL L.1 BL.32 N2. L.2 BL.32
- Property ID: 450804476001000004
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Schools
Schools serving 701 Madison St
School District:Gary Community School Corporation
Rating | Name | Grades | Distance |
---|---|---|---|
1234 Cleveland St, Gary, IN 46404 | K-5 | 1.2 mi | |
1320 E 19th Ave, Gary, IN 46407 | K-5 | 1.5 mi | |
Bethune Early Childhood Development Center
2367 E 21st Ave, Gary, IN 46407 | PK-PK | 2.2 mi | |
Dunbar-Pulaski Academic and Career Academy
920 East 19th Ave, Gary, IN 46407 | 6-8 | 1.3 mi | |
3601 W 41st Ave, Gary, IN 46408 | 6-8 | 4.3 mi | |
3300 Indiana St, Hobart, IN 46342 | 6-8 | 4.3 mi | |
Theodore Roosevelt College and Career Academy
1800 E 35th Ave, Gary, IN 46409 | 9-12 | 1.7 mi | |
Gary Career Center
1800 E 35th Ave, Gary, IN 46409 | 9-12 | 3.3 mi | |
Marting Luther King School Alternative
1800 E 35th Ave, Gary, IN 46409 | 9-12 | 3.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 701 Madison St
Date
Details
Price
Change
Source
1/23/2024
Sold
$58,000
-7.94%
MLS
1/06/2024
Listed
$63,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
701 Madison Street, Gary, IN 46402 (MLS# 543552) is a Multi-Family property that was sold at $58,000 on January 23, 2024. This property was listed by Mary Cossey from our Northwest Indiana Office.Want to learn more about 701 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.