1416 S Madison ST, Bloomington, IN 47403
1416 S Madison ST, Bloomington, IN 47403
1416 S Madison ST, Bloomington, IN 47403
1416 S Madison ST, Bloomington, IN 47403
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by RE/MAX Acclaimed Properties
$ 275,000
Est. payment | /mo

3 Beds

2 Baths

1,460 SqFt

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$ 275,000
Est. payment | /mo
Save Virtual Tour

3 Beds

2 Baths

1,460 SqFt

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 1,460 sqft

MLS Listing ID IRM202624325

Style Ranch,Cabin

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1960

Annual Tax Amount $4,258

Tax Year 4258

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 132' x 66'

Property Sub-Type Other

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.

Location

State IN

County Monroe County

Rooms

Basement Crawl Space, Slab

Interior

Heating Gas, Forced Air

Inclusions Building, Land, Lease

Fireplace N

Exterior

Parking Features Gravel, On Street

View Y/N true

Total Parking Spaces 4

Building

Lot Description Level

Story One

Sewer Public Sewer

Water City

Level or Stories One

New Construction No

Schools

Elementary Schools Templeton

Middle Schools Jackson Creek

High Schools Bloomington South

School District Monroe County Community School Corp.

Others

Pets Allowed No

Tax ID 53-08-05-406-025.000-009

Acceptable Financing IRM202624325

Listing Terms IRM202624325

Special Listing Condition None

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202624325

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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1416 S Madison ST

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Kegan Inman
Kegan Inman

Managing Broker Indiana RB22002037

+1(812) 798-0204 | kegan@inmanrealty.com

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