2548 Madison Street Active Save Request In-Person Tour Request Virtual Tour
Gary,IN 46407
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,522 sqft
Price per Sqft $59
Subdivision Oak Park Add 02
MLS Listing ID 811536
Bedrooms 3
Full Baths 1
Year Built 1919
Annual Tax Amount $2,095
Tax Year 2023
Lot Size 3,005 Sqft
Lot Dimensions 25x121
Property Description
Welcome to this 3-bedroom, 1-bath two-story home, offering a fantastic opportunity to either purchase outright at $89,900 or take advantage of seller financing. With a purchase price of $95,000, seller financing terms include a 30-year loan at 6% interest and a monthly payment of just $550 per month , making it an affordable option for first-time buyers or investors looking for a rent-to-own opportunity. This home has seen several recent updates to ensure peace of mind for its new owner. The electrical system has been fully updated, and the plumbing has been completely redone throughout the house, complemented by a brand-new water heater. The bathroom on the main floor has been fully renovated with new fixtures, giving it a fresh and modern look. The roof, just 9 years old, and newly installed gutters ensure the exterior of the home is well-maintained. Inside, the entire house has been freshly painted, creating a bright and welcoming atmosphere. The restored wooden floors on both the main floor and the second story add character and warmth to the home, blending the charm of original features with modern updates. The walk-out basement provides additional space for storage, a workshop, or the potential to finish for extra living space. Located just 1/4 block from the expressway with Broadway, commuting is a breeze. Plus, you're conveniently situated down the street from the fire department, adding an extra sense of security. This property is ideal for anyone looking for a move-in-ready home with the option to purchase or rent-to-own at an affordable rate.
Location
State IN
County Lake
Rooms
Basement Interior Entry
Interior
Interior Features Primary Downstairs
Heating Forced Air,Natural Gas
Cooling None
Flooring Hardwood,Tile
Fireplace No
Appliance None
Exterior
Exterior Feature None
Garage None
Roof Type Asphalt
Parking Type None
Building
Lot Description Landscaped,Level
Structure Type Asphalt
Others
Acceptable Financing Cash,Owner Assisted,Lease Purchase,Contract
Listing Terms Cash,Owner Assisted,Lease Purchase,Contract