Listed with Ajmal Safi, RE/MAX Acclaimed Properties, Cell: 812-219-1598

Price $275,000
Status Active
Beds 3
Baths 2 Baths
Home size 1,460 sqft
Lot Size 8,712 sqft
Days on Market 33
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.
Property Type(s): Multi Family
Last Updated 6/19/2026 Tract None
Year Built 1960 County Monroe

SCHOOLS

School District Monroe County Community School C
Elementary School Templeton
Jr. High School Jackson Creek
High School Bloomington South

Additional Details

AIR Central Air, Wall Unit(s)
AIR CONDITIONING Yes
APPLIANCES Disposal, Dryer, Range, Refrigerator, Washer
BASEMENT Crawl Space
CONSTRUCTION Vinyl Siding
HEAT Forced Air, Natural Gas
LOT 8712 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 132' x 66'
PARKING Gravel, On Street
SEWER Public Sewer
STORIES 1
STYLE Cabin/Cottage, Ranch
SUBDIVISION None
TAXES 4258.48
WATER Public
Listed with Ajmal Safi, RE/MAX Acclaimed Properties, Cell: 812-219-1598
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 7/22/26 6:10 AM PDT
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2026.

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