2401 Madison St

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🔥 Gary Full Rehab Deal | Large SqFt | Value-Add Opportunity 🔥

Address: 2401 Madison St, Gary, IN 46407

Property Overview

Spacious 3-bed, 1-bath home offering 1,359 sq ft with a full unfinished basement. This is a major rehab opportunity ideal for investors looking to execute a flip or build a cash-flowing rental.

Key Features

• 3 Beds / 1 Bath
• 1,359 Sq Ft
• 0.114 Acre Lot
• Built in 1949
• Full Basement
• Utilities On
• Vacant

Condition & Scope

• Major rehab required
• Roof age unknown
• Furnace age unknown
• Window A/C units
• Foundation: Good
• Opportunity for full interior renovation

Investment Highlights

• Larger-than-average square footage for the area
• Utilities active = easier rehab process
• Full basement adds storage or potential value
• Ideal for fix & flip or buy-and-hold

Deal Potential

• Flip into higher price tier with full renovation
• Rental with strong cash flow post-rehab
• Opportunity to force significant equity

⚡ Large Gary rehabs with utilities on and solid structure don’t last — move quickly
 

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Resources:

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• Run this scenario through our Fix and Flip Calculator.
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