$499,000

308 S Madison Street, Bloomington, IN 47403

  • 5 beds |
  • 3 baths |
  • 2,754 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $181/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison) has a new bathroom, refreshed kitchen and new heating and cooling systems. There is a laundry area for the apartment in the garage. Both units rent easily; inquire for rental information. Homestead tax exemption not currently filed; taxes would be lower with homestead exemption. Listing agent is owner.

Listing Status:
Active
Date Added:
June 26, 2025 at 05:00AM
Listing Office:
Owens Realty Group : 812-272-8535
Listing Agent:
Scott Owens : 812-322-6888
MLS ID:
202524536
  • Basement: Unfinished
  • Flooring: Wood
  • A/C: Central Air
  • Heating: Forced Air
  • General: AluminumStone
  • Style: One and Half Story
  • Other Structures: None
  • Parking: Parking spaces: 4
  • School District: Monroe County Community School Corp.
  • Zoning: 015-13110-00 McPheeters Pt Lot 453-08-05-101-016.000-009

This listing courtesy of Scott Owens, Owens Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Fairview Elementary School

627 W 8th St, Bloomington, IN, 47404

Grades PK-6

0.34 miles away

T

Tri-North Middle School

1000 W 15th St, Bloomington, IN, 47404

Grades 7-8

0.95 miles away

T

The Academy of Science & Entrepreneurship

444 S Patterson Dr, Bloomington, IN, 47403

Grades 9-12

0.75 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.