1416 S Madison Street Bloomington, IN - Image 11416 S Madison Street Bloomington, IN - Image 21416 S Madison Street Bloomington, IN - Image 3

$275,000

3 Beds 1 Baths 1,460 SQFT 0.20 Acres
Type: Single Family

1416 S Madison Street
Bloomington, IN 47403

MLS#: 202624329
Steve Smith
Steve Smith
Irish Realty
Managing Broker
Phone: 574.210.5800
Office: 574.891.8311
Presented by: Ajmal Safi with RE/MAX Acclaimed Properties; Cell: 812-219-1598

Property Description

 

FANTASTIC DOWNTOWN LOCATION with an income producing opportunity! The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot. The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop. Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back, as well as additional alley access on the north and west sides of the property. The main house features hardwood floors, a large eat-in kitchen, range, refrigerator, washer, dryer, central air, and a large shady yard. This house rents for $1400 per month, tenant pays utilities. The 600 SF grandfathered cottage is tucked away behind the main house, with off street parking, a covered front porch, open living room and kitchen, 2 nice sized bedrooms and a large full bath. This home comes with a refrigerator, range, and window a/c unit. It rents for $1250 per month, tenant pays utilities. The address of the cottage is 1416 1/2 S Madison.


 

Interior Features

Bedrooms

1st Bedroom LevelMain
1st Bedroom Width12 sqft
2nd Bedroom Length10 sqft
2nd Bedroom LevelMain
2nd Bedroom Width10 sqft
3rd Bedroom Length10 sqft
3rd Bedroom LevelMain
3rd Bedroom Width10 sqft
Above Grade Bedrooms3
Beds3
Below Grade Bedrooms0

Bathrooms

Below Grade Baths0
Full Baths Below Grade0
Full Baths Main1
Full Baths Upper0
Half Baths Below Grade0
Half Baths Main0
Half Baths Upper0

Other Interior Features

Total Finished SqFt1,460 sqft
Basement Y/NNo
Above Grade Finished SqFt1,460 sqft
Above Grade Unfin. SqFt0 sqft
Below Grade Finished SqFt0 sqft
Below Grade Unfin. SqFt0 sqft
Main Level SqFt1,460 sqft
BasementCrawl
FireplaceNone
FlooringHardwood Floors

Other Rooms

Total Rooms5

General

Age66
Agent First NameAjmal
Agent Last NameSafi
AmenitiesDisposal, Dryer Hook Up Electric, Eat-In Kitchen, Porch Covered, Main Floor Laundry, Washer Hook-Up
Annual Taxes4258.48
Architectural StyleRanch
AreaMonroe County
Assoc. Dues FrequencyNot Applicable
Associated Document Count0
Auction Y/NNo
Bathrooms1
CityBloomington
ClassRESIDENTIAL
Common AmenitiesNone
CoolingCentral Air
DOM117
Elementary SchoolTempleton
FIPS Code18105
FireplacesNo
Full Baths1
Half Baths0
HeatingGas, Forced Air
High SchoolBloomington South
Inside City LimitsYes
Laundry Y/NMain
Legal Description015-44810-00 Dodds Lot 37
LocationCity/Town/Suburb, Near Walking Trail
Lot Number37
Middle SchoolJackson Creek
New ConstructionNo
PROPOSED FINANCINGCash, Conventional
REONo
School DistrictMonroe County Community School C
SewerCity
StatusActive
StatusActive
Status Detail0
StyleOne Story
SubdivisionSouthwest Bloomington City
Tax Year2026
Total Sq Ft1,460 sqft
TownshipPerry
TypeSite-Built Home
Virtual TourClick here
Year Built1960

Exterior

Approx. Lot Size Acres0 acre
DrivewayGravel
ExteriorVinyl
Garage Y/NNo
Lot DescriptionLevel
Lot Dimensions132 x 66
Lot Size Area8,712 sqft
PoolNo
ROOF MATERIALAsphalt
Water FeaturesNone
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School Jackson Creek Middle School
Elementary School Templeton Elementary School
High School Bloomington South High School

  

Similar Properties

$275,000

3 Beds 1 Baths 1,460 SQFT 0.20 Acres
Type: Single Family

1416 S Madison Street
Bloomington, IN 47403

MLS#: 202624329
Steve Smith
Steve Smith
Irish Realty
Managing Broker
Phone: 574.210.5800
Office: 574.891.8311

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