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Jennifer Garza
REALTOR®
(574) 210-2737
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1416 S Madison Street, Bloomington, IN 47403 Photo
1416 S Madison Street, Bloomington, IN 47403 Photo
1416 S Madison Street, Bloomington, IN 47403 Photo
1416 S Madison Street, Bloomington, IN 47403 Photo
1416 S Madison Street, Bloomington, IN 47403 Photo
1416 S Madison Street, Bloomington, IN 47403 Photo
1416 S Madison Street, Bloomington, IN 47403 Photo
1416 S Madison Street, Bloomington, IN 47403 Photo

4 Total Photos [Click to View All]

$275,000
Status: Active
1416 S Madison Street Bloomington, IN 47403
  • 3
    Bedrooms
  • 2
    Total Baths
  • 1,460
    Square Feet
  • 0.20
    Acres
  • 1960
    Year Built
  • HOA

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.

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Listed By / Shown By

Listed By

Broker Name: RE/MAX Acclaimed Properties
Broker Contact: Cell: 812-219-1598
Agent Name: Ajmal Safi

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Shown By

Agent Name: Jennifer Garza
Agent Phone: (574) 210-2737
Broker Title: Cressy & Everett Real Estate

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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

Property Features

MLS Number: 202624325
Subdivision:
County: Monroe
Bedrooms: 3
Total Square Feet: 1,460
Style: Other
New Constuction: No
Construction: Vinyl
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Crawl, Slab
Cooling: Central Air, Wall AC
Heating: Gas, Forced Air
Lot Size: 0.20 Acres
Stories: 1.0
Year Built: 1960

Feature Descriptions

Above Grade Finished SQFT: 1460
Amenities: Off Street Parking, Near Walking Trail, Countertops-Laminate, Detector-Smoke, Porch Covered, Water Heater Electric, Water Heater Gas
Days on CressyEverett.com: 2
Exterior: Vinyl
Home Style: Other
Location: City/Town/Suburb
Lot: Level
Lot Dimensions: 132' x 66'
Owner Pays: Building Insurance, Maintenance, Tax
Sale Inclusions: Building, Land, Lease
Sewer: City
Tenant Pays: Electric, Fuel, Heating, Sewer, Water
Total Finished SQFT: 1460
Units: 1
Water: City

Location

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Estimated Payment

$ 1,441.95 per month $1,361.74 Principal & Interest $0.00 Property Tax (data not provided by mls) $80.21 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 06/21/2026. The listing information on this page last changed on 06/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 06/21/2026 3:00:42 AM EST) or MichRic (Michigan Regional Information Center) (last updated Sat 06/20/2026 11:17:45 PM EST) or NIRA MLS (last updated Sat 06/20/2026 11:04:50 PM EST) or IRMLS (last updated Sat 06/20/2026 11:12:00 PM EST). Real estate listings held by brokerage firms other than Cressy & Everett Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. 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
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Agency License Information: Cressy & Everett Real Estate is licensed in the states of Indiana and Michigan.



Agent License Information: Jennifer Garza is licensed to sell real estate in the state of Indiana.

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