Seller's Agent in 2024
Mary Cossey
Coldwell Banker Realty
(219) 313-5072
9 in this area
104 Total Sales
701 Madison St Gary, IN 46402
Downtown Gary NeighborhoodEstimated Value: $58,000 - $176,000
10
Beds
5
Baths
5,719
Sq Ft
$21/Sq Ft
Est. Value
Highlights
- 2 Car Detached Garage
- Tile Flooring
- 3-minute walk to Borman Square Park
About This Home
As of January 2024Don't miss this prime investment opportunity! This 5-unit building is a blank canvas awaiting your creative touch. Perfect for investors looking to capitalize on the booming real estate market by transforming this property into a lucrative asset.This building consists of five individual units each with versatile floor plans, providing ample rental income potential once renovated.Don't miss out on this incredible opportunity to turn this 5-unit building into a profitable investment. Act fast, and let your imagination bring this property to life!
Last Agent to Sell the Property
Coldwell Banker Realty License #RB14051491 Listed on: 01/05/2024
Co-Listed By
Shanesha Chester
Coldwell Banker Realty License #RB23000271
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1909
Lot Details
- 5,619 Sq Ft Lot
- Lot Dimensions are 45x125
Parking
- 2 Car Detached Garage
Home Design
- Brick Foundation
Interior Spaces
- 5 Full Bathrooms
- 5,719 Sq Ft Home
- Elevator
- Basement
Flooring
- Carpet
- Tile
- Vinyl
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for sewer, water
- Assessor Parcel Number 450804476001000004
Community Details
Overview
- 5 Units
- Gary Land Companys 01 Subdivision
Building Details
- New Taxes Expense $2,924
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 5, 2024
Closed on
Jan 23, 2024
Sold by
Rentformation Realty Llc
Bought by
701 Madison Llc
Seller's Agent
Mary Cossey
Coldwell Banker Realty
Buyer's Agent
Angela Manning
Integrity Realty Partners
List Price
$63,000
Sold Price
$58,000
Premium/Discount to List
-$5,000
-7.94%
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,667
Avg. Annual Appreciation
43.03%
Purchase Details
Listed on
Jan 5, 2024
Closed on
Jan 17, 2024
Sold by
Rentformation Realty Llc
Bought by
701 Madison Llc
Seller's Agent
Mary Cossey
Coldwell Banker Realty
Buyer's Agent
Angela Manning
Integrity Realty Partners
List Price
$63,000
Sold Price
$58,000
Premium/Discount to List
-$5,000
-7.94%
Views
32
Purchase Details
Closed on
May 13, 2016
Sold by
Lewis Frederick and Lewis Virginia
Bought by
Rentformation Realty Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 701 Madison Llc | -- | Chicago Title Insurance Compan | |
| 701 Madison Llc | $58,000 | Chicago Title Insurance Compan | |
| Rentformation Realty Llc | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2024 01/23/24 | Sold | $58,000 | -7.9% | $10 / Sq Ft |
| 01/05/2024 01/05/24 | For Sale | $63,000 | -- | $11 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
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 |
|---|---|---|---|---|
| 2025 | $2,907 | $108,200 | $7,300 | $100,900 |
| 2024 | $9,954 | $95,900 | $7,300 | $88,600 |
| 2023 | $2,864 | $112,900 | $6,200 | $106,700 |
| 2022 | $2,864 | $111,800 | $6,100 | $105,700 |
| 2021 | $2,644 | $103,200 | $6,100 | $97,100 |
| 2020 | $2,644 | $103,200 | $6,100 | $97,100 |
| 2019 | $2,156 | $103,200 | $6,100 | $97,100 |
| 2018 | $2,281 | $103,200 | $6,100 | $97,100 |
| 2017 | $2,323 | $104,700 | $6,100 | $98,600 |
| 2016 | $2,392 | $109,400 | $6,100 | $103,300 |
| 2014 | $2,815 | $120,300 | $7,600 | $112,700 |
| 2013 | $2,618 | $116,500 | $7,600 | $108,900 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Cossey
-
S
Seller Co-Listing Agent in 2024
Shanesha Chester
Coldwell Banker Realty
-
Angela Manning
Buyer's Agent in 2024
Angela Manning
Integrity Realty Partners
(219) 628-3432
2 in this area
122 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 543552
APN: 45-08-04-476-001.000-004
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Based on information submitted to the MLS GRID
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