$105,000
$5K PRICE DROP

1957 Madison Ln Gary, IN 46407

Midtown Neighborhood

Estimated payment $613/month

Total Views 4,109
3 Beds
1 Bath
1,998 Sq Ft
$53 Price per Sq Ft

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Porch
  • No HOA
  • 2 Car Detached Garage
  • Living Room

About This Home

Investor Special or Handy Homeowner Opportunity! Located in the heart of the historic Means Manor neighborhood of Midtown Gary, this 3-bedroom, 1-bathroom fixer-upper offers endless potential. Featuring a full basement and solid bones, it's perfect for your next renovation project. Just minutes from the I-90 Toll Road and Highway 80/94, with quick and easy access to Chicago--ideal for commuters or investors looking for a strategic location. Don't miss out on this diamond in the rough. Schedule your showing today!

Listing Agent

Timothy Grayson

Williams Executive Realty & As License #RB19002053 Listed on: 07/11/2025

Co-Listing Agent

Linda Davis

Williams Executive Realty & As License #RB14050294

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $640

Year Built

  • Built in 1961

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Fixer Upper

Interior Spaces

  • 1-Story Property
  • Living Room
  • Neighborhood Views
  • Laundry Room
  • Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • No Utilities

Additional Features

  • Porch
  • 7,623 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Andrew Means 4Th Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450809455002000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$640

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Back Yard, Front Yard
  • Reso View: Neighborhood
  • Co List Office Mls Id: NRA1001
  • Co List Office Phone: (219) 663-6363
  • Co List Office Mls Id: NRA1001
  • Subdivision Name: Andrew Means 4th Park
  • Above Grade Finished Sq Ft: 999
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • Financial Info Electric: 100 Amp Service
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Water Heater
  • Interior Amenities: None
  • Basement: Full, Partially Finished
  • Flooring: Hardwood, Tile
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 999

Exterior Features

  • Exterior Features: Private Yard
  • Acres: 0.175
  • Waterfront: No
  • Patio And Porch Features: Porch
  • Reso Roof: Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, On Street, Off Street

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, None, Natural Gas Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7623
  • Additional Parcels: No
  • Parcel #: 450809455002000004

Tax Info

  • Year: 2023
  • Tax Annual Amount: 640

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,017 $72,200 $8,900 $63,300
2023 $640 $56,900 $9,800 $47,100
2022 $614 $55,000 $8,200 $46,800
2021 $622 $55,700 $8,200 $47,500
2020 $607 $54,400 $8,200 $46,200
2019 $604 $54,400 $8,200 $46,200
2018 $618 $54,400 $8,200 $46,200
2017 $627 $54,900 $8,200 $46,700
2016 $647 $57,100 $8,200 $48,900
2014 $871 $80,300 $8,900 $71,400
2013 $836 $78,900 $8,900 $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Price Changed $105,000 -4.5% $53 / Sq Ft
07/25/2025 07/25/25 Price Changed $110,000 -4.3% $55 / Sq Ft
07/11/2025 07/11/25 For Sale $115,000 0.0% $58 / Sq Ft
07/10/2025 07/10/25 Price Changed $115,000 +4.5% $58 / Sq Ft
06/04/2025 06/04/25 Pending -- -- --
06/01/2025 06/01/25 For Sale $110,000 -- $55 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $20,436 FHA
Source: Public Records

Source: Northwest Indiana Association of REALTORS®

MLS Number: 821842

Northwest Indiana Association of REALTORS®

APN: 45-08-09-455-002.000-004

Indiana Lake County Gary 46407 Midtown

1957 Madison Ln, Gary, IN

This home is located at 1957 Madison Ln, Gary, IN 46407 and is currently priced at $105,000, approximately $52 per square foot. This property was built in 1961. 1957 Madison Ln is a home located in Lake County with nearby schools including Beveridge Elementary School, Gary Middle School, and West Side Leadership Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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Listing Agent
Timothy Grayson
Section Image
Williams Executive Realty & As
(219) 529-2818