$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 11 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
Data Last Updated:
May 22, 2026 at 7:59AM
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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