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

$1,500

Last sold price
  • 6 Beds
  • 4 Baths
  • 2,740 sqft

3988 Madison St, Gary, IN 46408

University Park
Currently Off Market - Sold Nov 8, 2024 for $1,500

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
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
3872 Jefferson St, Gary, IN
0.16
Single-Family Home
$205,000
09/18/26
4
2
1,966
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

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
3983 Monroe St, Gary, IN 46408
0.03
$108,400
3
1
1,022
Off Market
3980 Madison St, Gary, IN 46408
0.01
$8,500
3
1
1,000
Recently Sold
3953 Monroe St, Gary, IN 46408
0.05
$57,000
2
1
740
Recently Sold
4024 Monroe St, Gary, IN 46408
0.08
$70,900
2
1
728
Off Market
3956 Monroe St, Gary, IN 46408
0.08
$69,300
2
1
1,035
Off Market
3935 Monroe St, Gary, IN 46408
0.07
-
Studio
-
-
Off Market
3940 Monroe St, Gary, IN 46408
0.09
-
Studio
-
600
Off Market
4004 Jackson St, Gary, IN 46408
0.13
$17,200
2
1
729
Recently Sold
3915 Madison St, Gary, IN 46408
0.09
$20,000
4
2
-
Recently Sold
501 W 39th Ave, Gary, IN 46408
0.12
-
2
1
1,803
Off Market
3905 Madison St, Gary, IN 46408
0.10
$81,500
3
1
1,728
Recently Sold
519 W 39th Ave, Gary, IN 46408
0.12
$150,000
3
1
1,369
Recently Sold

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

Single-Family Home
Built in 1921
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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $1,858/month.

Home Details for 3988 Madison St

Interior Features

Interior Details
BasementNumber of Rooms: 15
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 and Tax history

DateEventPrice
Nov 8, 2024
Source: N/A
Sold
$1,500
Oct 23, 2013
Source: Agent Provided
ListingRemoved
$9,985
Jul 23, 2013
Source: Agent Provided
PriceChange
$9,985
Price decreased by 15%
Jan 22, 2013
Source: Agent Provided
PriceChange
$11,750
Price increased by 18%
Jan 19, 2012
Source: Agent Provided
PriceChange
$10,000
Price decreased by 22%

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

Frequently asked questions about 3988 Madison St

  • What is the price history for 3988 Madison St?
    3988 Madison St in Gary, IN last sold for $1,500 in November 2024.
  • 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.
  • What do residents say about the University Park neighborhood?
    Residents describe the University Park neighborhood in Gary, IN as well-kept, pedestrian-friendly, and easy to park in. See recently sold homes in University Park, Gary.
  • How big is the lot at 3988 Madison St?
    The lot at 3988 Madison St in Gary, IN is about 0.11 acres (4,791 sq ft).

Explore by feature - Pet Friendly

58 pet-friendly rentals in Gary, IN

Explore by feature - Garage

22 rentals with a garage in Gary, IN

Explore by feature - Air Conditioning

57 rentals with air conditioning in Gary, IN

Explore by feature - Washer/dryer

29 rentals with a washer/dryer in Gary, IN

Explore by feature - Outdoor Space

30 rentals with an outdoor space in Gary, IN

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 3988 Madison St

Skip to last item
Skip to first item

Homes for sale near 3988 Madison St

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item