For Sale3d on marketHistoric · 126 yrs
7200 Madison St
Merrillville, IN, 46410 • 46410 • Lake County
$199,900
Down payment assistance available
3Beds
2Baths
0.29 acLot
1900Built
Property DNA
Scenic Views
Neighborhood · Trees/Woods
Character Home
Built 1900 · 126 years of history
None
46410
Outdoor Living
Covered · Front Porch · Enclosed
3d on Market
Listed Apr 11, 2026
This home is getting attention
Listed 3 days ago · 639 views · 70 saves
Market activity
Demand and pricing signals for this listing
639 views
People checking out this listing
70 saves
Buyers have saved this home
3 days on market
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About this home
Multi Family · Built 1900 · Historic
Great Investment property contains 2 units; a two story 2 bedroom with walk-in closet, living, dining and kitchen, enclosed front porch and central air. Laundry available in the basement. Cyclone fenced yard. Other unit is one level 1 bedroom, living room, kitchen and bath with a window AC unit currently stored in basement. There are a total 3 gravel parking spaces. Property is to be sold As-is, cash or conventional financing only. Gas and electric are separated, water is on one bill.
Standout features identified
Our analysis highlights central air, cyclone fenced yard, and enclosed front porch as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,303/month
Principal & Interest$1,036
Property Tax$200
Insurance$67
Down payment20% ($39,980)
3%50%
Est. 6.74% rate · 30yr fixed · $159,920 loan
Full calculator →At a glance
Key facts and listing details
TypeDuplex
Year Built1900
HeatingNatural Gas
Parking3 Parking spaces
Days on Zillow3 Days
Property
Home typeMulti Family
Sub-typeDuplex
Year built1900
Systems
HeatingNatural Gas
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingGravel, Off Street
BasementSump Pump,Unfinished
Lot0.29 Acres
Location & Tax
Neighborhood46410
Annual tax$2,285
Parcel451216252006000030
Bathrooms & Fees
Full baths2
Features & details
11 categories of property features
Interior Features
Interior
Eat-in Kitchen
Walk-In Closet(s)
Appliances
Dryer
Washer
Refrigerator
Heating
Natural Gas
Laundry
Gas Dryer Hookup
Washer Hookup
Laundry Room
Lower Level
Exterior Features
Parking
Gravel
Off Street
Patio & Porch
Covered
Front Porch
Enclosed
Lot Features
Few Trees
Landscaped
Security
Smoke Detector(s)
Views
Neighborhood
Trees/Woods
Pool Features
None
Utilities
Natural Gas Connected
Water Connected
Sewer Connected
Listing insights
Market data and value estimates
StatusFor Sale
Days on market3
Est. value$196,200
Est. rent$1,421/mo
Tax rate0.98%
On marketApr 11, 2026
PostedApr 11, 2026
MLS statusActive
MLS updatedApr 11, 2026
Tour days9
Views639
Favorites70
How are the schools in Merrillville?
3 schools rated nearby
Location
Merrillville, IN, 46410
Price history
4 events
DateEventPrice$/sqftSource
Apr 11, 2026Listed For Sale$199,900—NIRA as distributed by MLS GRID
Mar 30, 2012Listing Removed$59,999—McColly Real Estate
Dec 22, 2011Price Change$59,999—McColly Real Estate
Oct 28, 2011Listed For Sale$62,000—McCOLLY Real Estate
Listed For Sale$199,900
Apr 11, 2026•NIRA as distributed by MLS GRID
Listing Removed$59,999
Mar 30, 2012•McColly Real Estate
Price Change$59,999
Dec 22, 2011•McColly Real Estate
Listed For Sale$62,000
Oct 28, 2011•McCOLLY Real Estate
Tax history
15 years of records
YearTax paidAssessed value
Apr 14, 2024$2,450$127,100
Apr 14, 2023$2,217$125,400
Apr 14, 2022$2,027$110,800
Apr 14, 2021$1,936$101,300
Apr 14, 2020$1,844$96,800
Apr 14, 2019$898$92,200
Apr 14, 2018$1,220$90,800
Apr 14, 2017$644$90,000
Apr 14, 2016$644$89,500
Apr 14, 2014$631$90,400
Apr 14, 2013$668$91,100
Apr 14, 2012$782$90,700
Apr 14, 2011$733$89,700
Apr 14, 2010$734$90,600
Apr 14, 2009—$93,200
Nearby homes
Neighborhood details
Local context around this listing
Merrillville, IN • Lake County
Nearby cities
Crown PointDyerEast ChicagoGaryHammondHighlandHobartMerrillville
Nearby zip codes
4641046411
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Based on information submitted to the MLS GRID as of 2026-04-14 15:17:37 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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