- 3
- beds
- 1
- baths
- 1910
- year built
- Status:
- Active
- MLS #:
- 840876
- Neighborhood:
- Gary Land Companys 01
- County:
- Lake
- Listed By:
- Dennis Nichols - Weichert, Realtors-Moke Agency
- Agent Phone:
- (219) 257-2800
- Agent Email:
- dennis.nichols2020@gmail.com
Sponsoring Broker: David Camp, Berkshire Hathaway HomeServices Chicago
Opportunity knocks in Gary! This property is ready for a complete renovation and offers tremendous potential for investors, flippers, or buyers looking to build sweat equity. Whether you're searching for your next fix-and-flip project, rental investment, or a chance to create a home tailored to your vision, this property provides a blank canvas for your ideas. Located in a community experiencing renewed investment and growth, now is the time to secure your place in Northwest Indiana's exciting future. With the Chicago Bears' new stadium development bringing increased attention and economic activity to the region, opportunities like this are becoming harder to find. Bring your tools, your imagination, and your vision. Property is being sold as-is where is. Cash or hard money welcome.
Highlights
- Residential
- Single Family Residence
- Built in 1910
- 0.086 Acre Lot
- 149 days on Market
-
- Bedrooms
- 3
-
- Bathrooms
- 1
-
- Year Built
- 1910
-
- Parking Features
- On Street
-
- Appliances
- None
-
- Cooling
- None
-
- Heating
- None
-
- Basement
- Full, Unfinished, Other
-
- Acres
- 0.086
-
- Lot Features
- Rectangular Lot, Back Yard
-
- View
- City
-
- Water
- Public
-
- County
- Lake
-
- City
- Gary
-
- Neighborhood
- Gary Land Companys 01
-
- Zip Code
- 46402
-
Ask a Question
ez Mortgage Calculator
Enter your details below to estimate your monthly mortgage payment with taxes, fees and insurance.
$
Please enter a valid number
Cost of the current home: $27500
$
%
Please enter a valid number
Cash you pay when you close
Affects interest rates. 30- or 15- year loans are standard.
%
Default rate is illustrative, set internally by ez Home Search and updated periodically; actual rates vary by lender, credit score, and market conditions.
$
%
Please enter a valid number
$
Please enter a valid number
Typically 0.25% of home value per year.
$
Please enter a valid number
Homeowners association dues.
$ 0
Monthly
Principal and interest:
Property Taxes:
Homeowners Insurance:
HOA Dues:
$0 (0%)
$0 (0%)
$0 (0%)
$0 (0%)
The ez Mortgage Calculator is for educational purposes only. Real-world interest rates and payments can differ due to factors like market trends, location, and loan specifics. Calculations are based on your inputs and might not consider extra costs a lender may add, such as insurance, taxes, and fees; thus, actual repayments could surpass estimates. Please note, ez Home Search does not provide loans, and this tool does not promise lending.
Estimated Value
$89,225
Estimated Sales Price Range:
$62,457 - $115,992
Source: Constellation Data Labs
Price History
| 06/18/2026 | Listed | $27,500 |
| Source: Northwest Indiana Association of REALTORS #840876 | ||
Source: MLS Data
Deed History
| 10/24/2019 | Public Action - Common in Florida (Clerks Tax Deed or Tax Deeds). Also when property sold for taxes. | $500 |
Source: Public records via Constellation Data Labs
What's your home worth?
Calculate your current home value within seconds.
Similar Listings
Look Throughout Gary
There are currently 445 properties available in Gary, with 3 under contract to close soon. Properties in the city have an average sale price of $129,924 and typically spend 93 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
With 28 zip codes in Lake County, you have many options in the area. Be sure to claim your free ez Home Search account to make sure you get alerts when a property that meets your needs becomes available.
Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 547 Madison St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 547 Madison St.
They know residentials in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 547 Madison St?
Click Ask a Question to talk with our team. You already know it is a 3 bed, 1 bath, listed for $27,500. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Gary, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 547 Madison St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 547 Madison St at around $250. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 547 Madison St?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 547 Madison St?
In most cases, yes. Whether 547 Madison St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Gary's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 547 Madison St?
We can handle that for you. Our preferred local agent specializes in residentials in Gary and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
How long has this property been on the market?
547 Madison St was listed on June 18, 2026, which means it's been on the market for 149 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1910, making it approximately 116 years old.
What is the lot size of this property?
547 Madison St sits on a 0.09-acre lot, which is 3,920 square feet.
What are the property taxes for 547 Madison St?
The most recent public record shows annual property taxes for 547 Madison St were approximately $1,128. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 547 Madison St still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
Popular Home Searches in Gary, IN
Open Houses Near Gary, IN
Land for Sale Near Gary, IN
Townhomes for Sale Near Gary, IN
Waterfront Homes for Sale Near Gary, IN
Waterfront Condos for Sale Near Gary, IN
Homes with Pools for Sale Near Gary, IN
Gated Community Homes for Sale Near Gary, IN
Homes with No Hoa for Sale Near Gary, IN
Homes in Adult Communities for Sale Near Gary, IN
Search Nearby Cities
Search Nearby Counties
Search Nearby Postal Codes
Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Northwest Indiana Association of REALTORS. All rights reserved.
Last Updated: November 14, 2026 at 05:25AM | Source: Northwest Indiana Association of REALTORS | MLS#: 840876
