Fixer Upper
Address
547 Madison Street, Gary, IN
Price
$ 27,500
Property Attributes
- MLS#840876
- TypeSingle Family
- Listing Status Active
- CountyLAKE
- CityGary
- AreaGary
- NeighborhoodGary Land Companys 01
- Zip46402
- StyleSingle Family Residence
- Year Built1910
- Taxes$ 1128
- Price$ 27,500
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Lot Size0.086 Acres
Data Source:
Northwest Indiana REALTOR® Association (NIRA)
Property Description
Opportunity knocks in Gary! This property is ready for a complete renovation and offers tremendous potential for investors, flippers, or buyers looking to build sweat equity. Whether you're searching for your next fix-and-flip project, rental investment, or a chance to create a home tailored to your vision, this property provides a blank canvas for your ideas. Located in a community experiencing renewed investment and growth, now is the time to secure your place in Northwest Indiana's exciting future. With the Chicago Bears' new stadium development bringing increased attention and economic activity to the region, opportunities like this are becoming harder to find. Bring your tools, your imagination, and your vision. Property is being sold as-is where is. Cash or hard money welcome.
| Price History | |
|---|---|
| 6/18/2026 | Listed $27,500 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | None |
| Appliances | None |
| Year Built | 1910 |
| View | City |
| Township | Calumet |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Lake |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Gary Land Companys 01 |
| Garage Y/N | No |
| Total Rooms | 4 |
| Full Baths | 1 |
| Status | Active |
| Directions | 5th Ave to Madison,turn South Property on east side of street |
| City | Gary |
| Zoning Description | residential |
| Lot Size Square Feet | 3746 |
| Listing Terms | Cash,Other |
| Property Attached Y/N | No |
| Tax Annual Amount | 1128 |
| Property Condition | Fixer |
| Standard Status | Active |
| Tax Assessed Value | 36000 |
| Legal Description | GARY LAND CO'S 1ST SUB. N. 28.5FT. L.34 BL.80 S. 1FT. L.35 BL.80 |
Interior Features
| Interior Amenities | None |
|---|---|
| Fireplace Y/N | No |
| Total Bedrooms | 3 |
| Room Type | Bedroom 2,Primary Bedroom,Living Room,Bedroom 3 |
| LivingAreaSource | Assessor |
| Total Baths | 1 |
Exterior Features
| Parking Features | On Street |
|---|---|
| Lot Features | Back Yard,Rectangular Lot |
| Water Source | Public |
| Lot Size Acres | 0.086 |
| Lot Size Source | Assessor |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46402
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than A.R.E. Partners Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 13, 2026 3:36 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 13, 2026 3:36 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
