7200 Madison Street Merrillville, IN ^$ 199,900

7200 Madison Street

^$ 199,900

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Recently Listed

7200 Madison Street

Merrillville, IN, 46410

^$ 199,900

Bedrooms3 Baths2.0

Monthly Estimate*

^$ 1,231

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7200 Madison Street, Merrillville, IN 46410 - Image 8

7200 Madison Street, Merrillville, IN 46410 - Image 9

7200 Madison Street, Merrillville, IN 46410 - Image 10

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Multi-Family Home for sale in Merrillville, IN

for $199,900 with 3 bedrooms and 2 full baths. This home was built in 1900 on a lot size of 0.286.

Great Investment property contains 2 units; a two story 2 bedroom with walk-in closet, living, dining and kitchen, enclosed front porch and central air. Laundry available in the basement. Cyclone fenced yard. Other unit is one level 1 bedroom, living room, kitchen and bath with a window AC unit currently stored in basement. There are a total 3 gravel parking spaces. Property is to be sold As-is, cash or conventional financing only. Gas and electric are separated, water is on one bill.

Multi-Family Active

Price

^$ 199,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,285

Style

Duplex

Lot Size

0.286

Year Built

1900

Town/City

Merrillville

County/Region

Lake

MLS | Web ID

836930

Features

Interior

Interior Amenities Eat-in Kitchen Walk-In Closet(s)

Fireplace Y/N N

Above Grade Finished Area 2386

Half Baths 0

3/4 Baths 0

Laundry Features Gas Dryer Hookup Washer Hookup Laundry Room Lower Level

Total Bedrooms 3

Total Baths 2

General

Sewer Public Sewer

Heating Natural Gas

Utilities Natural Gas Connected Water Connected Sewer Connected

Appliances Dryer Washer Refrigerator Gas Range

Patio/Porch Features Covered Front Porch Enclosed

Pool Features None

Security Features Smoke Detector(s)

Pets Allowed Yes

Year Built 1900

View Neighborhood Trees/Woods

Township Ross

Levels One and One Half

Property Subtype Duplex

Tax Year 2025

County Lake

New Construction N

Property Type Residential Income

HOA N

Subdivision Name None

Garage Y/N N

Rent Includes None

Total Rooms 8

Full Baths 2

Status Active

Directions Broadway to 73rd west to Madison North property on the West side of street Use parking spaces by fence do not park in driveway as it blocks the lot behind.

High School Merrillville High School

City Merrillville

High School District Merrillville

Zoning Description Residential

Lot Size Square Feet 12458

Listing Terms Cash Conventional

Tax Annual Amount 2285

Middle/Junior High School Merrillville Intermediate School

Lease Considered Y/N N

Standard Status Active

Tax Assessed Value 114800

Legal Description E.152.6X82FT. OF E.1/2 SW. NE. LY'G. S. OF C&O RR. S.16 T.35 R.8 .287AC.

Exterior

Parking Features Gravel Off Street

Lot Features Few Trees Landscaped

Water Source Public

Total Parking 3

Lot Size Acres 0.286

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Meagan Skinner

Listing Agent

Coldwell Banker Realty

Broker

meagan.skinner@cbexchange.com

Affordability Calculator

$1,421

Per Month

Monthly Principal & Interest: $1,231
Monthly Property Taxes: $190
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Merrillville, IN

Average List Price ^$321,300

Percent of Sale Price 61%

About Merrillville, IN

37,313 Population

20% Since 2002

^$52,125 Median Income

37.92 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4001600 Elementary School

4622358 Middle School

Merrillville High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/11/2026	$199,900		Listed Price

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7200 Madison Street, Merrillville, IN, 46410 is a Multi-Family Home for sale at $199,900 with a lot size of 0.286. 7200 Madison Street has 3 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 46410 which is in Merrillville, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/13/2026.

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7200 Madison Street

Multi-Family Home for sale in Merrillville, IN

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