3988 Madison St, Gary, IN 46408
Property image
Property image
OFF MARKET

3988 Madison St
Gary, IN 46408

University Park
  • 6 Beds
  • 4 Baths
  • 2,740 sqft
6 Beds
4 Baths
2,740 sqft

Local Information

  • Map ViewExplore the area around 3988 Madison St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1921
Living Area
2,740 sqft

About this House

ALL PROPERTIES BY SELLER HAVE WON THEIR TAX APPEAL!! ADJUSTMENT FOR TAXES FROM '09-'10 & '11 ARE ON WAY - LOOKING AT APPROX 70-80% REDUCTION ON ALL ACROSS THE BOARD - ANNUAL TAXES ON WAY OUT EST. $480-$520. WANTED - INVESTORS OR DO-IT YOURSELFERS!....CORPORATE LIQUIDATION: Multiple properties and bulk discounts available for CASH buyers. Seller financing and short term CONTRACT terms are also available starting at $500mo....term, down payment and final rate discounts are TBD on case by case scenario. NO CREDIT but have a few dollars? Even Better...build your portfolio here. Owner occupied, rehab, rental - you name it. Open for offers and taking bids daily. FULL TITLE, PRORATIONS AND 100% CLEAR TITLE ON CASH SALE - 100% Arms length transaction w/ CLEAN & CLEAR Insured title closing! Local company pushing for area stabilization- Only a HANDFUL left in this group... Many are surprisingly decent condition - others are as ugly as they come- ALL ARE AS IS and priced because of this fact!
3988 Madison St, Gary, IN 46408 is a 6 bedroom, 4 bathroom, 2,740 sqft single-family home in University Park, built in 1921. It last sold for $1,500 on Nov 8, 2024. It is currently off market. The Trulia Estimate rent is $1,887/month.

Home Details for 3988 Madison St

Interior Features

Interior Details
BasementNumber of Rooms: 15
Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1.7999999523162842

Exterior Features

Exterior Home Features
Roof: Other

Property Information

Year Built
Year Built: 1921
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Lot Information

Lot Area: 4791 sqft

Price History for 3988 Madison St

DatePriceEventSource
11/08/2024$1,500Sold
N/A
10/23/2013$9,985ListingRemovedAgent Provided
07/23/2013$9,985PriceChange
Agent Provided
01/22/2013$11,750PriceChange
Agent Provided
01/19/2012$10,000PriceChange
Agent Provided
12/01/2011$12,900PriceChange
Agent Provided
10/19/2011$16,000Listed For SaleAgent Provided
07/18/2011$12,500Sold
NIRA as distributed by MLS GRID #287173
05/27/2011$14,900Listed For SaleAgent Provided
07/02/2009$5,850Sold
NIRA as distributed by MLS GRID #239396
02/07/2006$78,000Sold
NIRA as distributed by MLS GRID #134811
06/21/2005$40,000Sold
N/A

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$1,021
Assessment$17,300
Home facts updated by county records

Comparable Sales for 3988 Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3908 Adams St, Gary, IN
0.15
Single-Family Home
$1,200
01/14/26
3
1
1,464
228-34 W Ridge Rd, Gary, IN
0.27
Single-Family Home
$2,400
04/28/26
3
1
1,838
3992 Madison St, Gary, IN
0.01
Single-Family Home
$3,300
01/07/26
2
2
960
4136 Madison St, Gary, IN
0.19
Single-Family Home
$15,778
01/14/26
3
2
2,178
3771 Van Buren St, Gary, IN
0.32
Single-Family Home
$252,000
03/04/26
5
3
3,633
4354 Washington St, Gary, IN
0.51
Single-Family Home
$319,000
04/07/26
5
4
2,978
3730 Monroe St, Gary, IN
0.33
Single-Family Home
$17,778
01/14/26
4
2
2,376
3818 Washington St, Gary, IN
0.28
Single-Family Home
$5,300
01/08/26
4
2
1,032
627 W 39th Ave, Gary, IN
0.18
Single-Family Home
$169,900
02/17/26
4
2
1,900
3980 Madison St, Gary, IN
0.01
Single-Family Home
$8,500
07/06/26
3
1
1,000

Nearby homes

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Assigned Schools

These are the assigned schools for 3988 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 3988 Madison St

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Off Market Homes Near 3988 Madison St

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