3980 Madison St, Gary, IN 46408
Property image
Property image
SOLD
JUL 6, 2026

3980 Madison St
Gary, IN 46408

University Park
  • 3 Beds
  • 1 Bath
  • 1,000 sqft

$8,500

Last Sold: Jul 6, 2026
$9/sqft
Est. Refi. Payment $125/mo*
Refinance Your Home

$8,500

Last Sold: Jul 6, 2026
$9/sqft
Est. Refi. Payment $125/mo*
Refinance Your Home
3 Beds
1 Bath
1,000 sqft

Local Information

  • Map ViewExplore the area around 3980 Madison St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Investor Special - Massive Potential & Solid Bones This home is the ultimate blank canvas for your next project. If you are looking for a property with "good bones" that can be reimagined into a much larger residence, this is it. Key Features: Full Basement: providing massive potential to double your usable square footage or add extra bedrooms. Flexible Layout: The interior is ready to be reconfigured. With 1,000 sq. ft. to work with, you can easily open up the floor plan to create a more spacious, modern living area. This house needs a total renovation.
3980 Madison St, Gary, IN 46408 is a 3 bedroom, 1 bathroom, 1,000 sqft single-family home in University Park, built in 1917. It last sold for the $8,500 asking price on Jul 6, 2026. It is currently off market. The Trulia Estimate rent is $1,378/month.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$9/sqft
Listed
180+ days ago

Home Details for 3980 Madison St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: FullNumber of Rooms: 3Types of Rooms: Primary Bedroom, Bedroom 2, Bedroom 3
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1000 Square Feet
Appliances & Utilities
Appliances: None
Heating & Cooling
Heating: NoneNo Heating
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Levels: One
View
Has a ViewView: Other

Exterior Features

Parking & Garage
No Garage
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1000

Property Information

Year Built
Year Built: 1917
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached Property
Property Information
Parcel Number: 450828254031000004

Price & Status

Price
List Price: $8,500Price Per Sqft: $9/sqft

Location

Direction & Address
City: GaryCommunity: Carl Bolius 1st Add

Building

Building Area
Building Area: 1000 Square Feet

HOA

No HOA

Lot Information

Lot Area: 4704.48 sqft

Listing Info

Special Conditions: None

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash

Miscellaneous

BasementMls Number: 832736Above Grade Unfinished Area: 1000Below Grade Unfinished Area: 1000
Last check for updates: about 4 hours ago
Listed by Elyahu Herszberg
Realest.com, (219) 808-1520
Bought with: Non-Member Agent, Non-Member MLS Office, (219) 795-3600
Source: NIRA as distributed by MLS GRID, MLS#832736

Price History for 3980 Madison St

DatePriceEventSource
07/06/2026$8,500Sold
NIRA as distributed by MLS GRID #832736
05/12/2026$8,500PendingNIRA as distributed by MLS GRID #832736
03/20/2026$8,500PriceChange
NIRA as distributed by MLS GRID #832736
02/19/2026$9,000PriceChange
NIRA as distributed by MLS GRID #832736
01/28/2026$10,000PriceChange
NIRA as distributed by MLS GRID #832736
01/13/2026$12,000Listed For SaleNIRA as distributed by MLS GRID #832736
01/07/2026$2,700Sold
N/A
12/07/2006$72,000Sold
NIRA as distributed by MLS GRID #172982
03/29/2006$22,000Sold
NIRA as distributed by MLS GRID #149239

Market trends in Gary

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$124K
$6.09KMoM
Sale-to-List Price
98.1%
0.1%MoM
Price per sq ft
$86
$3MoM
Available listings
352
3MoM
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Property Tax and Assessment

Year2025
Tax$258
Assessment$11,100
Home facts updated by county records

Comparable Sales for 3980 Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4173 Jackson St, Gary, IN
0.26
Single-Family Home
$13,500
09/24/25
3
1
1,232

Nearby homes

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Assigned Schools

These are the assigned schools for 3980 Madison St.
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.

  • 89 % 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 kids play outside

  • 57 % Say it's dog friendly

  • 53 % Say there's wildlife

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

  • 44 % Say it's quiet

  • 43 % Say neighbors are friendly

  • 29 % Say there are community events

  • 28 % Say it's walkable to restaurants

  • 28 % Say streets are well-lit

  • 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

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Homes for sale near 3980 Madison St

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Off Market Homes Near 3980 Madison St

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Based on information submitted to the MLS GRID as of 2026-07-15 12:17:30 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