4947 Madison Street Gary, IN ^$ 135,000

4947 Madison Street

^$ 135,000

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Recently Listed

4947 Madison Street

Gary, IN, 46408

^$ 135,000

Bedrooms3 Baths1.0 Sq 867

Monthly Estimate*

^$ 831

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Single Family Home for sale in Gary, IN

for $135,000 with 3 bedrooms and 1 full bath. This 867 square foot home was built in 1952 on a lot size of 0.12.

Charming 3-bedroom, 1 bath home located at 4947 Madison St in Gary, Indiana. This move-in ready property offers a great opportunity with just a little updating needed to make it your own. Featuring a functional layout with original hardwood floors, updated bathroom and a full basement with endless possibilities for additional living space or storage. Ideal for both homeowners and investors. It is conveniently located near local amenities, shopping, and major roadways. Home is being sold as-is.

Single Family Active

Price

^$ 135,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 141

Style

Single Family Residence

Lot Size

0.12

Year Built

1952

Town/City

Gary

County/Region

Lake

MLS | Web ID

837705

Features

Interior

Interior Amenities Entrance Foyer Eat-in Kitchen

Fireplace Y/N N

Above Grade Finished Area 867

Half Baths 0

3/4 Baths 0

Total Bedrooms 3

Room Type Bedroom 2 Primary Bedroom Living Room Kitchen Bedroom 3

Total Baths 1

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Appliances Dryer Washer Refrigerator Gas Water Heater Gas Range

Garage Spaces 2

Patio/Porch Features Covered

Security Features Fire Alarm Smoke Detector(s)

Year Built 1952

Electric 100 Amp Service

View Neighborhood

Township Calumet

Levels One

Property Subtype Single Family Residence

Tax Year 2026

County Lake

New Construction N

Property Type Residential

HOA N

Subdivision Name Junedale Sub

Garage Y/N Y

Total Rooms 5

Full Baths 1

Status Active

Directions From Ridge road Turn South on Broadway then turn West on 49th Ave and turn South on to Madison St house will be on East side of the street

City Gary

Lot Size Square Feet 5227.2

Listing Terms Cash FHA Conventional

Property Attached Y/N N

Tax Annual Amount 141.75

Standard Status Active

Legal Description JUNEDALE SUBDIV. L.10 BL.17

Exterior

Parking Features Garage Door Opener

Lot Features Back Yard Paved Front Yard

Water Source Public

Lot Size Acres 0.12

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Antanisha Phelps

Listing Agent

Realty Executives Premier

Broker

antanishaphelps.realtor@gmail.com

Affordability Calculator

$843

Per Month

Monthly Principal & Interest: $831
Monthly Property Taxes: $12
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

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

Single family listings in Gary, IN

Average List Price ^$144,283

Percent of Sale Price 7%

About Gary, IN

71,243 Population

-31% Since 2002

^$29,286 Median Income

37.13 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/24/2026	$135,000		Listed Price

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4947 Madison Street, Gary, IN, 46408 is a Single Family Home for sale at $135,000 with 867 sqft and a lot size of 0.12. 4947 Madison Street has 3 bedrooms, 1.0 baths, and was built in 1952. The property's zip code is 46408 which is in Gary, 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 4/25/2026.

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4947 Madison Street

Single Family Home for sale in Gary, IN

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