1416 S Madison Street

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Address: 1416 S Madison St, Bloomington, IN 47403, USA
Chicago & Midwest + Apartment Buildings
Created date: June 29, 2026
Date last updated: September 14, 2026
Price: $275,000Investment Analyzer NEW!

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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Broker Details

Ajmal Safi
Ajmal Safi

RE/MAX Acclaimed Properties (812) 332-3001 MLS ID: 52407 State License Number: RB19001767

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $275,000
No. of Units: 1
Year Built: 1960
Lot Size: 1,460.00 Sq ft
Opportunity Zone: No
Price per unit: $275,000
Number of Bedrooms: 3
Number of Bathrooms: 2
Address: 1416 S Madison Street, Bloomington, IN 47403, USA
Provided by:
Standard Status: Active
MLS Listing Number: 202624325
ID: 3yd-BMLSIN-202624325
Copyright Disclaimer: Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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