Active

1416 S Madison Street

Other • 66Y Old
$275,000 Listed 3 months ago
3 Bedrooms
2 Bathrooms
1460 sqft
0.20 Acres
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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. 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.

Directions

South on Rogers, Left on Wilson St, then Right on Madison, to home on the Right.

Property
MLS # 202624325
Date Listed 2026-06-19
Status Active
Property Type Investment
Property SubType Other
Square Feet 1,460 sqft
New Construction No
Style One Story
Type Other
Bedrooms 3
Bathrooms 2
Year Taxes Payable 4258.48
Year Built 1960
Virtual Tour propertypanorama.com »
Days on Market 107
Homestead Year No
Room Dimensions
Living Room 1 × 0 Level
4th Bedroom 2 × 2 Level
5th Bedroom 2 × 2 Level
Loft 2 × 1 Level
Extra Room 1 × 1 Level
Bathroom Locations
Full Baths 3 Main
External Features
Construction Other
Lot Size 8,712 sq ft
Acreage 0.20 Acres
Lot Dimensions 132' x 66'
Fence None
Location
Area Monroe County
County Monroe
Subdivision None
Township Perry
City Bloomington
State IN
Zip 47403
Schools
School District Monroe County Community School Corp.
Elementary Templeton
Middle School Jackson Creek
High School Bloomington South
Financial
Assoc. Dues $0.00 Not Applicable
Assoc. Restrictions No
Contact

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MLS# 202624325
Listing Provided Courtesy of Ajmal Safi
RE/MAX Acclaimed Properties
Cell: 812-219-1598

Listing updated August 13, 2026 at 9:00 pm
Last checked 6 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.