1416 S Madison Street, Bloomington, IN 47403

• 3 beds |
• 2 baths |
• 1,460 sqft

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.

Listing Status:

Active

Date Added:

June 19, 2026

Data Last Updated:

July 7, 2026 at 7:59AM

Listing Office:

RE/MAX Acclaimed Properties : 812-332-3001

Listing Agent:

Ajmal Safi : 812-219-1598

MLS ID:

202624325

Interior

• Basement: CrawlSlab
• Flooring: VinylWood
• A/C: Central AirWall AC
• Heating: Forced AirGas

Exterior

• General: Vinyl
• Style: RanchCabin/CottageOne Story
• Other Structures: None
• Parking: GravelStreetParking spaces: 4

Location

• HOA Amenities: 0.0
• School District: Monroe County Community School Corp.

Lot

• Driveway: Gravel
• Zoning: 015-44810-00 Dodds Lot 3753-08-05-406-025.000-009