For Sale85d on marketHistoric · 106 yrs
2612 Madison St
Gary, IN, 46407 • Midtown • Lake County
$15,000
$14/sqft
-$1,000 since Feb 19, 2026
Down payment assistance available
2Beds
1,100Sqft
0.07 acLot
1920Built
Property DNA
Other Views
Other
Character Home
Built 1920 · 106 years of history
Chicago Tolleston Land & Inv Co
Midtown
This home is getting attention
Listed 85 days ago · 400 views · 16 saves
Market activity
Demand and pricing signals for this listing
400 views
People checking out this listing
16 saves
Buyers have saved this home
85 days on market
Established listing
$14/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 45% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1920 · Historic
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 1,120 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.
Standout features identified
Our analysis highlights full basement and flexible layout as key attractions of this home.
Estimated monthly payment
Based on current rates
$98/month
Principal & Interest$78
Property Tax$15
Insurance$5
Down payment20% ($3,000)
3%50%
Est. 6.75% rate · 30yr fixed · $12,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1920
HeatingNone
ParkingOther
Lot3,005 sqft
Days on Zillow85 Days
Price/sqft$14
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1920
Systems
HeatingNone
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOther
BasementFull,Unfinished
Lot3,005 sqft
Location & Tax
NeighborhoodMidtown
Annual tax$191
Parcel450816410023000004
Features & details
6 categories of property features
Interior Features
Interior
Other
Appliances
Other
Heating
None
Exterior Features
Parking
Other
Lot Features
Other
Views
Other
Room details
2 rooms detailed
Primary Bedroom
10×10 ft100 sqft
Bedroom2
10×10 ft100 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market85
Est. rent$1,292/mo
Tax rate0.98%
Price/sqft$14
On marketJan 13, 2026
PostedJan 13, 2026
Last sold$2,500
MLS statusActive
MLS updatedApr 6, 2026
Tour days6
Views400
Favorites16
How are the schools in Gary?
3 schools rated nearby
Location
Gary, IN, 46407
Price history
5 events
DateEventPrice$/sqftSource
Feb 19, 2026Price Change$15,000$14NIRA as distributed by MLS GRID
Jan 28, 2026Price Change$16,000$15NIRA as distributed by MLS GRID
Jan 13, 2026Listed For Sale$18,000$16NIRA as distributed by MLS GRID
Jan 7, 2026Sold$2,500$2Public Record
Feb 8, 2005Sold$3,900$4Public Record
Price Change$15,000
Feb 19, 2026•$14/sqft•NIRA as distributed by MLS GRID
Price Change$16,000
Jan 28, 2026•$15/sqft•NIRA as distributed by MLS GRID
Listed For Sale$18,000
Jan 13, 2026•$16/sqft•NIRA as distributed by MLS GRID
Sold$2,500
Jan 7, 2026•$2/sqft•Public Record
Sold$3,900
Feb 8, 2005•$4/sqft•Public Record
Tax history
18 years of records
YearTax paidAssessed value
Apr 9, 2024$187$7,600
Apr 9, 2023$115$7,400
Apr 9, 2022$389$4,500
Apr 9, 2021$372$15,200
Apr 9, 2020$312$14,500
Apr 9, 2019$22,930$15,600
Apr 9, 2018$20,409$25,800
Apr 9, 2017$590$26,400
Apr 9, 2016$590$27,500
Apr 9, 2014$733$31,300
Apr 9, 2013$676$30,100
Apr 9, 2012$703$30,300
Apr 9, 2011$640$26,700
Apr 9, 2010$677$27,100
Apr 9, 2009—$23,400
Apr 9, 2007—$21,800
Apr 9, 2006—$12,000
Apr 9, 2005—$12,000
Nearby homes
Neighborhood details
Local context around this listing
Gary, IN • Lake County
Nearby neighborhoods
AetnaAmbrige MannBlack OakBrunswickDowntownMarquette ParkMidtownTollestonUniversity ParkWestside
Nearby cities
Crown PointDyerEast ChicagoGaryHammondHighlandHobartMerrillville
Nearby zip codes
464014640246403464044640546406464074640846409
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Based on information submitted to the MLS GRID as of 2026-04-08 21:42:37 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](/mls-disclaimers/#185)
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