1416 S Madison St, Bloomington, IN 47403

$275,000
3
BD
2
BA
1,460
SqFt

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List Price
$275,000
MLS#
202624325
Sqft. of Residence
1,460
Status
ACTIVE

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.

Additional Information

Tenant Pays
Electricity, Fuel, Heat, Sewer, Water
Style
Ranch, Cabin
Basement
Crawl Space, Slab
Stories
1
Acres
0.20
Cooling
Central Air, Window/Wall
Water
City
Region
Monroe County
School District
Monroe County Community School Corp.

Listing courtesy of Ajmal Safi from RE/MAX Acclaimed Properties. Cell: 812-219-1598

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Calculator source: Real Geeks

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID.