3877 Madison St, Gary, IN 46408
Property image
Property image
OFF MARKET

$71,500

Trulia Estimate
  • 4 Beds
  • 4 Baths

3877 Madison St, Gary, IN 46408

University Park
Est. Refi. Payment $516/mo*
Refinance Your Home
Currently Off Market - Sold Jun 20, 2025 for $70,000

Home Value

Trulia Estimate
$71.5K
Since last month
Decreased$800 (-1.1%)
Since last year
Increased$900 (+1.3%)
Since last sale
Increased$1K (+1.9%)
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 +168% in the last 10 years
MonthEstimated value
2026
September 2026$71K
August 2026$71K
July 2026$72K
June 2026$73K
May 2026$73K
April 2026$73K
March 2026$73K
February 2026$73K
January 2026$70K
2025
2023
2022
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
3915 Madison St, Gary, IN
0.05
Multi-Family Home
$20,000
01/07/26
4
2
-
3780 Jackson St, Gary, IN
0.20
Multi-Family Home
$250,000
11/12/25
8
4
-

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
3901 Madison St, Gary, IN 46408
0.04
-
2
1
816
Off Market
3905 Madison St, Gary, IN 46408
0.05
$81,500
3
1
1,728
Recently Sold
3915 Madison St, Gary, IN 46408
0.05
$20,000
4
2
-
Recently Sold
3871 Monroe St, Gary, IN 46408
0.06
$183,500
3
2
1,960
Off Market
3935 Monroe St, Gary, IN 46408
0.10
-
Studio
-
-
Off Market
3886 Adams St, Gary, IN 46408
0.09
$109,900
4
2
2,268
For Sale
3866 W Adams St, Gary, IN 46408
0.09
-
3
2
-
Off Market
501 W 39th Ave, Gary, IN 46408
0.10
-
2
1
1,803
Off Market
3844 Adams St, Gary, IN 46408
0.10
$94,900
2
1
2,910
Off Market
519 W 39th Ave, Gary, IN 46408
0.11
$150,000
3
1
1,369
Recently Sold
3953 Monroe St, Gary, IN 46408
0.12
$57,000
2
1
740
Recently Sold

Local Information

  • Map ViewExplore the area around 3877 Madison St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1920
Garage

About this House

Opportunity knocks with this diamond in the rough! This unique three unit offers incredible flexibility and income potential. The main building features two spacious units, each with separate entrances, ideal for multi-family living or steady rental income.Tucked above the detached garage, the third unit provides privacy and charm, perfect for a guest suite, short-term rental, or creative space. The real bonus is the basement offers the potential for a fourth unit, complete with its own separate entrance and bath--just waiting for the right vision to unlock its value.Each unit has independent access, offering privacy and convenience for occupants. With some TLC, this property could shine as a strong income generator or multigenerational home.Don't miss the chance to transform this rare find into something truly special. Whether you're an investor, flipper, or homeowner looking for extra rental income, this property is a must-see! Sold As-Is and no contingencies.
3877 Madison St, Gary, IN 46408 is a 4 bedroom, 4 bathroom multi-family in University Park, built in 1920. It last sold for $70,000 on Jun 20, 2025 (13% below the $80,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $71,500, with a rent estimate of $932/month.
Last check for updates: about 4 hours ago
Listed by Johnette Gore
Premier Midwest Realty, INC, (708) 801-9840
Bought with: Jeff McCormick, McCormick Real Estate, Inc., (219) 663-9300
Source: NIRA as distributed by MLS GRID, MLS#821654

Home Details for 3877 Madison St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Bath/Stubbed,Unfinished
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 4
Appliances & Utilities
Appliances: None
Heating & Cooling
Heating: OtherHas Heating
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Levels: Other

Exterior Features

Exterior Home Features
Exterior: Other
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Garage Faces Rear,On Street
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1876

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Triplex
Building
Not a New Construction
Property Information
Condition: FixerParcel Number: 450828230013000004

Price & Status

Price
List Price: $80,000

Location

Direction & Address
City: GaryCommunity: Seroczynskis 1st Add

Lot Information

Lot Area: 3746.16 sqft

Listing Info

Special Conditions: None

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional

Rental Terms, Policies & Fees

Rent Includes: NoneOwner Pays: None

Miscellaneous

BasementMls Number: 821654Attribution Contact: jgoreproperties@gmail.comAbove Grade Unfinished Area: 1876Below Grade Unfinished Area: 938

Price and Tax history

DateEventPrice
Jun 20, 2025
Source: NIRA as distributed by MLS GRID #821654
Sold
$70,000
Jun 3, 2025
Source: NIRA as distributed by MLS GRID #821654
Pending
$80,000
May 30, 2025
Source: NIRA as distributed by MLS GRID #821654
Listed For Sale
$80,000
May 5, 2014
Source: N/A
Sold
$300

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

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

What Locals Say about University Park

At least 109 Trulia users voted on each feature.

  • 90 % Say car is needed

  • 88 % Say yards are well-kept

  • 81 % Say there are sidewalks

  • 79 % Say parking is easy

  • 62 % Say there's holiday spirit

  • 57 % Say it's dog friendly

  • 57 % Say kids play outside

  • 53 % Say there's wildlife

  • 48 % Say they plan to stay for at least 5 years

  • 43 % Say neighbors are friendly

  • 43 % Say it's quiet

  • 28 % Say it's walkable to restaurants

  • 28 % Say streets are well-lit

  • 28 % Say there are community events

  • 25 % Say it's walkable to grocery stores

  • 22 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Ryleasha Coleman
    "Nothing we don’t have any community events around here the you hear is sirens Loud music no kids playing "
    0
    Flag
  • Joci
    "I just moved here and already want to move back to another part of lake county that feels more safe and like home."
    21
    Flag
  • ernest d eskridge
    "The neighborhood is wonderful there is nothing bad about this neighborhood whatsoever so ever the people are friendly "
    3
    Flag
  • Trulia User
    "the abandoned homes make the neighborhood unique. I work in the area and meet interesting people. most people seem nice. "
    10
    Flag
  • Trulia User
    "Yes they would. Lots of parks and space for owners to walk their dogs. There is even a walking trail near by."
    1
    Flag
  • Trulia User
    "It’s quiet and peaceful. I love my neighbors and the sense of community. I would recommend this community to anyone looking for a good place to raise your family."
    26
    Flag
  • Trulia User
    "Neighborhood is still in depression state from years of families moving out and leaving their homes. But the area is on the up and up with neighbors taking pride in their land and beautifying their lands. I have been here two years and enjoy it."
    0
    Flag
  • Antoinette722
    "It is important that parents feel comfort moving into the home, your kids are safe, and it’s in the district of great area for children can play. "
    10
    Flag
  • Lynceta G.
    "there's none unless you create for your family and friends. Election years politicians seeking office holds events and community meetings. l like it to be none intrusive."
    5
    Flag
  • Monopoltizeent
    "Not a area that needs to be gentrified, we good with the way it is middle class urban community that dont want any change unless it benefits us that have lived here for years"
    7
    Flag
  • Tamera W.
    "There are new businesses opening. I see homes that need tax and they would have great potential for new home owners. Most homes are very well kept and the neighbors are friendly "
    8
    Flag
  • Emerson
    "It was ok. I think the neighbors didn't like me because i had two pit bull dogs, and one got out of the yard without my knowing. When i found out i retrieved him immediately, but i still sensed that the neighbors viewed me with disdain."
    108
    Flag
  • Brandy K.
    "Somewhat easy on the week day, and on the weekend easy breezy. Love the area but would like to be somewhere way different "
    6
    Flag
  • Cullen B.
    "Lived here 10 year and it’s not the worries and can stand to be a lot better but it’s not that bad either. "
    2
    Flag
  • Michaelmimssr95
    "nothing about this place is unique gary needs work it's every where to many abandoned house some places you rent from be having mold problems "
    4
    Flag
  • Michaelmimssr95
    "it's not gary needs alot of work to many abandoned houses and it need cleaning alot of trash every where you go and renting house of here is not good these landlord don't do nothing and it's to many schools closed down."
    2
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-17 00:12:52 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 3877 Madison St

  • What is 3877 Madison St estimated to be worth?
    Trulia's estimated value for 3877 Madison St in Gary, IN is $71,500.
  • What is the price history for 3877 Madison St?
    3877 Madison St in Gary, IN last sold for $70,000 in June 2025.
  • 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.

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