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Sold on 03/04/2024

5081 Madison St, Gary, IN 46408

$50,000

Last sold 03/04/2024 for $35K

  • 2

    bed

  • 1

    bath

  • 652

    Sqft ($54/Sqft)

House not for sale
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About 5081 Madison St

Property type House
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 5,053 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Investors or looking for a home to fix up this is a great chance . 2 bedroom 1 bath home .Detached garage with cement patio and covered area. . Located across the street fromGlen Park AcademyIn need of TLC Sold in AS IS condition.
Listed by
Listing Agent - Deborah S. Krause
Listing Office - Century 21 Circle
Source: NIRA mls logo
MLS#541991 • last updated 2 years ago
Movoto checked NIRA for data 58 minutes ago
Overview
Heating Forced Air, Natural Gas
Levels/Style One, Bungalow
Type Residential
SubType Single Family Residence
SqFt 652
Status Closed
MLS # 541991
Lot Size (Acres) 0.116
Lot Size (SqFt) 5053
Property Tax 769
Year Built 1953
Property Condition Fixer
Interior
Total # of Bathrooms 1
# of Full Baths 1
# Bedrooms 2
Total # of Rooms 4
Interior Features Primary Downstairs
Appliances None
Exterior
Parking Desc Detached
# Garage Spaces 2
Lot Dimensions 40x126
Lot Desc Level, Paved
Patio/Porch Covered, Patio, Porch
Amenities / Utilities
Water Source Public
Location
County Lake
Subdivision Junedale Sub
Community Features Sidewalks
High School District Gary
Directions Broadway To 51st Ave West To Madison Then North To Property
APN 450833430014000000
Lot/ Land Details
Road Surface Paved
$50K
Range: $42.5K-$57.5K
Last 30 days 
Rental est.: $1,235/month
Gross rent multiplier: 2.4 - Excellent
  • Mar 2024
    mls logo MLS # 541991
  • Mar 4, 2024 Sold
    $35,000
  • Feb 16, 2024 Active
    —
  • Feb 5, 2024 Price Change
    $42,000 (-6.5%)
  • Dec 18, 2023 Price Change
    $44,900 (-8.4%)
  • Dec 4, 2023 Price Change
    $49,000 (-10.7%)
  • Nov 20, 2023 Listed
    $54,900
  • Feb 2024
    Public Records
  • Feb 27, 2024 Sold
    $35,000 (-16.7%)
  • Year Property taxes Tax assessment
  • 2024
    $870 -85.5%
    $38,800 -42.94%
  • 2023
    $5,995 +312.5%
    $68,000
  • 2022
    $1,454 +9.8%
    $68,000 +3.98%
  • 2021
    $1,324 +9.9%
    $65,400 +8.28%
  • 2020
    $1,205 +68.2%
    $60,400 +2.37%
  • 2019
    $716 -23.9%
    $59,000 -1.01%
  • 2018
    $941 +38.6%
    $59,600 -5.1%
  • 2017
    $679 -9.0%
    $62,800 +1.29%
  • 2016
    $747
    $62,000 -3.88%
  • 2015
    $747 -6.9%
    $64,500
  • 2014
    $802
    —
  • 5081 Madison St
    $35K
  • Glen Park
    $135K +3% y/y
  • 46408
    $154K +3% y/y
  • Gary
    $129K -4% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
5073 Madison St, Gary, IN 46408 $144,000 2/1 975 0.01
5085 Madison St, Gary, IN 46408 $121,000 2/1 975 0.01
5067 Madison St, Gary, IN 46408 $144,000 2/1 975 0.01
5061 Madison St, Gary, IN 46408 $137,000 2/1 852 0.02
5055 Madison St, Gary, IN 46408 $109,000 2/1 975 0.03
335 W 51st Ave, Gary, IN 46408 $148,000 3/1 1,598 0.03
5076 Jefferson St, Gary, IN 46408 $75,000 2/1 720 0.04
5078 Jefferson St, Gary, IN 46408 $73,000 2/1 720 0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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2/10
Glen Park Academy For Excel In Lrn
public Grades K-5
Gary Community School Corp
3/10
Bailly Preparatory Academy
public Grades 6-8
Gary Community School Corp
1/10
West Side Leadership Academy
public Grades 9-12
Gary Community School Corp
Source: GreatSchools.org © 2026. All rights reserved.

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