2040 Madison St, Gary, IN 46407
Property image
Property image
OFF MARKET

$94,900

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,107 sqft

2040 Madison St, Gary, IN 46407

Midtown
Est. Refi. Payment $664/mo*
Refinance Your Home
Currently Off Market - Sold Feb 10, 2012 for $23,000

Home Value

Trulia Estimate
$94.9K
Since last month
Decreased$1K (-1.1%)
Since last year
Decreased$7K (-6.9%)
Since last sale
Increased$72K (+312.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +169% in the last 10 years
MonthEstimated value
2026
September 2026$95K
August 2026$96K
July 2026$96K
June 2026$98K
May 2026$106K
April 2026$100K
March 2026$98K
February 2026$97K
January 2026$95K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2005 Madison St, Gary, IN
0.06
Single-Family Home
$35,000
10/02/25
3
3
1,136
1957 Madison Ln, Gary, IN
0.09
Single-Family Home
$65,450
08/04/26
3
1
999
2049 Monroe Ln, Gary, IN
0.13
Single-Family Home
$168,000
02/27/26
3
2
1,411
2420 Connecticut St, Gary, IN
0.59
Single-Family Home
$20,000
09/29/25
3
1
1,060
1980 Massachusetts St, Gary, IN
0.31
Single-Family Home
$20,000
06/11/26
3
1
802
1814 Adams St, Gary, IN
0.25
Single-Family Home
$55,000
03/09/26
4
1.5
2,808
2301 Delaware St, Gary, IN
0.60
Single-Family Home
$29,400
10/28/25
2
1.5
1,064
1561 Tyler St, Gary, IN
0.47
Single-Family Home
$12,000
06/16/26
3
1
1,008
466 W 20th Pl, Gary, IN
0.06
Single-Family Home
$199,899
12/01/25
3
1.5
1,950
1953 Connecticut St, Gary, IN
0.41
Single-Family Home
$40,000
11/10/25
3
1
1,814

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
409 W 20th Pl, Gary, IN 46407
0.05
$120,300
3
1
1,998
Off Market
469 W 20th Pl, Gary, IN 46407
0.07
$110,500
3
2
2,046
Off Market
466 W 20th Pl, Gary, IN 46407
0.06
$199,899
3
1.5
1,950
Recently Sold
477 W 20th Pl, Gary, IN 46407
0.08
$158,100
3
4
1,600
Off Market
2067 Monroe Ln, Gary, IN 46407
0.11
$167,100
3
2
1,528
Off Market
2000 Madison Ln, Gary, IN 46407
0.10
$157,900
3
-
1,782
Off Market
2049 Monroe Ln, Gary, IN 46407
0.13
$168,000
3
2
1,411
Recently Sold
1954 Madison Ln W, Gary, IN 46407
0.13
-
4
2
2,100
Off Market
1975 Jefferson St, Gary, IN 46407
0.12
$185,400
3
2
1,247
Off Market
2037 W Adams St, Gary, IN 46407
0.15
-
3
3.5
3,200
Off Market
2085 W Adams St, Gary, IN 46407
0.16
$108,500
3
2
1,329
Off Market
2015 Van Buren St, Gary, IN 46407
0.19
$148,800
3
1
1,896
Off Market

Local Information

  • Map ViewExplore the area around 2040 Madison St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1961
1,107 sqft
$86/sqft
Garage

About this House

Be home for Thanksgiving or Christmas. Get the most for your money in This Beautiful Brick home. Quick Possession, Automatic garage opener for convenience, Radiate neighborhood with community pride. Check with Lake County Treasure Office Recorded Current Taxes are Low Low Low. Property being sold As-Is
2040 Madison St, Gary, IN 46407 is a 3 bedroom, 2 bathroom, 1,107 sqft single-family home in Midtown, built in 1961. It last sold for $23,000 on Feb 10, 2012. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $94,900, with a rent estimate of $1,399/month.

Home Details for 2040 Madison St

Interior Features

Interior Details
BasementNumber of Rooms: 2
Levels, Entrance, & Accessibility
Stories: 1
Heating & Cooling
Air ConditioningCooling System: Central

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1961
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 6054 sqft

Price and Tax history

DateEventPrice
Feb 10, 2012
Source: NIRA as distributed by MLS GRID #288586
Sold
$23,000
Dec 9, 2011
Source: Agent Provided
Listed For Sale
$30,000
Aug 31, 2011
Source: Agent Provided
ListingRemoved
$45,000
Aug 1, 2011
Source: Agent Provided
PriceChange
$45,000
Price increased by 13%
Jul 30, 2011
Source: Agent Provided
Listed For Sale
$40,000

Market trends in Gary

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$136K
$2.18KMoM
Sale-to-List Price
98.6%
0.3%MoM
Price per sq ft
$98
$1MoM
Available listings
303
47MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Midtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Midtown

At least 55 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 86 % Say yards are well-kept

  • 83 % Say parking is easy

  • 80 % Say there are sidewalks

  • 68 % Say there's holiday spirit

  • 54 % Say it's walkable to grocery stores

  • 48 % Say neighbors are friendly

  • 46 % Say it's dog friendly

  • 44 % Say streets are well-lit

  • 44 % Say kids play outside

  • 44 % Say they plan to stay for at least 5 years

  • 43 % Say there's wildlife

  • 43 % Say it's quiet

  • 42 % Say there are community events

  • 32 % Say people would walk alone at night

  • 25 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Shelliecross62
    "Easy and fast if you have a car. The city bus is right up the street to get to and from where ever one is going."
    0
    Flag
  • J8nkc4zyfk
    "Unfortunately, there are no community events no schools in this area 😔 just ,and a lot of gas stations in very bad areas around this community😔don’t see this community getting better ever!!"
    0
    Flag
  • Trulia User
    "Please watch over your children in this or any other neighborhood.. the most important thing is to watch out for everyone especially your children cuz they are our future leaders."
    6
    Flag
  • Trulia User
    "Ones safety is very important for this neighborhood. Be mindful of surroundings.pay attention.can be a very good neighborhood.has potential. Police do patrol the neighborhood as well there is a very good elementary school. Bus routes for the high school. Playgrounds for smaller children surrounded by churches."
    15
    Flag
  • Trulia User
    "It has bus service in this neighborhood but I drive a car to get around the neighborhood. I walk because there is local shops in the area where you can shop and it’s very convenient for me to get around."
    0
    Flag
  • Trulia User
    "how many families in the community Is the area safe for small children are the children safe walking home if needed"
    0
    Flag
  • Trulia User
    "public transportation is offered in my neighborhood that several locations to catch public bus. which travels along major thoroughfares of this community you can connect with other bus routes within the community as well to move you around the city and suburbs"
    1
    Flag
  • Mary B.
    "Nice area good place to sit outside with the family and do family functions....Respectful neighbors everyone gets alone with each other "
    12
    Flag
  • Mykia G.
    "Nothing at all sorry to say. We need to do better. The price of living does match the job earnings.."
    97
    Flag
  • Donald A. E. S.
    "My kids School is in walking distance. it's the neighborhood where I grew up in back in the 70's. with diversity in the neighborhood from African-American ,Polish- American ,German- Americans "
    6
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 2040 Madison St

  • What is 2040 Madison St estimated to be worth?
    Trulia's estimated value for 2040 Madison St in Gary, IN is $94,900.
  • What is the price history for 2040 Madison St?
    2040 Madison St in Gary, IN last sold for $23,000 in February 2012.
  • Is Gary a buyer's or seller's market?
    Gary is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Gary?
    The median sale price in Gary is $136K. That is down $2.18K from the prior month.
  • Does 2040 Madison St have air conditioning?
    Yes, 2040 Madison St in Gary, IN has air conditioning.
  • How big is the lot at 2040 Madison St?
    The lot at 2040 Madison St in Gary, IN is about 0.14 acres (6,055 sq ft).

Explore by feature - Pet Friendly

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Explore by feature - Garage

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Explore by feature - Air Conditioning

60 rentals with air conditioning in Gary, IN

Explore by feature - Washer/dryer

27 rentals with a washer/dryer in Gary, IN

Explore by feature - Outdoor Space

28 rentals with an outdoor space in Gary, IN

Apartments for Rent

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Off Market Homes Near 2040 Madison St

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