3877 Madison Street
Gary, IN 46408
Map
- 4 beds
- 4 baths
- – sqft
- 3,746 sqft lot
- 1920 build
- – on site
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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.
Last checked:
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Last updated Jun 20, 2025
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MLS# 821654 —
The Building
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Year Built:1920
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New Construction:false
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Levels:Other
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Basement:Bath/Stubbed, Unfinished
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Basement:true
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Above Grade Finished Area:1876
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Below Grade Unfinished Area:938
Interior
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Interior Features:None
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Fireplace:false
Financial & Terms
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Lease Considered:false
Location
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Directions:Ridge Road to Madison Street
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Latitude:41.548099
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Longitude:-87.340947
The Property
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Parcel Number:450828230013000004
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Property Subtype:Triplex
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Property Condition:Fixer
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Lot Features:Other
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Lot Size Acres:0.086
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Lot Size Square Feet:3746
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Lot Size Source:Assessor
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Exterior Features:Other
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (219) 678-3710
- Office phone:
- (708) 801-9840
Taxes
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Tax Year:2023
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Tax Annual Amount:1243
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Tax Legal Description:SEROCZYNSKIS 1ST ADD. JACKSON PARK N. 20 FT. L.33 S. 10 FT. L.34
Beds
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Total Bedrooms:4
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:Other
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:None
The Community
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Subdivision Name:Seroczynskis 1st Add
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Pets Allowed:No
Parking
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Garage:true
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Garage Spaces:2
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Parking Features:Garage Faces Rear, On Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
