1416 S Madison Street Bloomington, IN $ 275,000
1416 S Madison Street
$ 275,000
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1416 S Madison Street

Bloomington, IN, 47403
$ 275,000
Bedrooms2 Baths2.0 Sq 1,460

Monthly Estimate*

$ 1,693

1416 S Madison Street, Bloomington, IN 47403 - Image 1
1416 S Madison Street, Bloomington, IN 47403 - Image 2
1416 S Madison Street, Bloomington, IN 47403 - Image 3
1416 S Madison Street, Bloomington, IN 47403 - Image 4
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Multi-Family Home for sale in Bloomington, IN

for $275,000 with 2 bedrooms and 2 full baths. This 1,460 square foot home was built in 1960.

FANTASTIC DOWNTOWN LOCATION with an income producing opportunity! The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot. The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop. Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back, as well as additional alley access on the north and west sides of the property. The main house features hardwood floors, a large eat-in kitchen, range, refrigerator, washer, dryer, central air, and a large shady yard. The 600 SF grandfathered cottage is tucked away behind the main house, with off street parking, a covered front porch, open living room and kitchen, 2 nice sized bedrooms and a large full bath. This home comes with a refrigerator, range, and window a/c unit. It rents for $1250 per month, tenant pays utilities. The address of the cottage is 1416 1/2 S Madison.

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Multi-Family Active

Price

$ 275,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,258

Style

Ranch,Cabin/Cottage

Year Built

1960

Town/City

Bloomington

County/Region

Monroe

MLS | Web ID

202624325

Features
General
Heating Gas Forced Air
Cooling Central Air Wall AC
Sewer City
# of Buildings 2
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1960
Parking Gravel Street
New Construction No
Tenant Pays Electric Fuel Heating Sewer Water
Subdivision None
Style One Story
Stories Count 1
Township Perry
Class INVESTMENT
Type Other
Age 66
Net Income 10741.52
Rent Income 15000
Features Off Street Parking Near Walking Trail Countertops-Laminate Detector-Smoke Porch Covered Water Heater Electric Water Heater Gas
Inside City Limits Yes
REO No
Status Detail 0
Area Monroe County
Location City/Town/Suburb
High School Bloomington South
City Bloomington
School District Monroe County Community School C
HOA Fees $ 0
Architectural Style Ranch Cabin/Cottage
Total Sq Ft 1460
Elementary School Templeton
Middle School Jackson Creek
Legal Description 015-44810-00 Dodds Lot 37
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202624325
Agent First Name Ajmal
Agent Last Name Safi
DOM 1
Tax Year 4258.48
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Exterior
Road Surface Asphalt
Road Access City
Exterior Vinyl
Driveway Gravel
Pool No
Number of Parking Spaces 4
Lot Size Area 8712
Lot Dimensions 132' x 66'
Lot Description Level
Water Meters 2
Electric Meters 2
Outbuilding None
Gas Meters 2
Waterfront Y/N No
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Interior
Basement Crawl Slab
Flooring Vinyl Wood
Beds 3
Total Number of Units 1
Microwaves 0
Refrigerators 2
Washers 1
Dryer(s) 1
Dishwasher(s) 0
Disposal(s) 2
Above Grade Bedrooms 3
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 2
W/D Hookups 1
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* Excluded Features
List By
Ajmal Safi

Listing Agent

Re/Max Acclaimed Properties

Broker

ajmal.safi@homefinder.org

Email

Affordability Calculator

$2,048
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,693
Monthly Property Taxes
$355
Monthly 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
1236896 Elementary School
1236228 Middle School
Bloomington South High School High School
Pricing History
DatePricePrice ChangeDescription
6/19/2026$275,000 Listed Price

Map


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1416 S Madison Street, Bloomington, IN, 47403 is a Multi-Family Home for sale at $275,000 with 1,460 sqft. 1416 S Madison Street has 2 bedrooms, 2.0 baths, and was built in 1960. The property's zip code is 47403 which is in Bloomington, IN