Bloomington, IN 47403 308 S Madison Street
$499,000
23 more
Presented By: Scott Owens with Owens Realty Group;
Beds • 5
Baths • 3
SQFT • 2,351
Home Details
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.
Presented By: Scott Owens with Owens Realty Group;
Interior Features for 308 S Madison Street
Bedrooms
Num. of 1 Bedrooms1
Num. of 2 Bedrooms0
Num. of 3 Bedrooms0
Num. of 4 Bedrooms1
Above Grade Bedrooms5
Beds5
Below Grade Bedrooms
Bathrooms
Below Grade Baths
Other Interior Features
Total Finished SqFt2351
Basement Y/NYes
Above Grade Finished SqFt2351
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt403
Num. of Efficiencies1
BasementUnfinished
Dishwasher(s)2
Disposal(s)2
Dryer(s)2
FlooringWood
Microwaves2
Ranges/Ovens2
Refrigerators2
Total Number of Units2
W/D Hookups2
Washers2
Other Rooms
Total Rooms Below Grade1
General for 308 S Madison Street
Age95
Agent First NameScott
Agent Last NameOwens
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense1000
Annual Trash Expense
AreaMonroe County
Assoc. Dues FrequencyNot Applicable
Associated Document Count
Auction Y/NNo
Bathrooms3
CityBloomington
ClassINVESTMENT
CoolingCentral Air
DOM35
Elementary SchoolFairview
FIPS Code18105
FeaturesBasement, Cable Available, Deck Open
Full Baths3
Half Baths
HeatingForced Air
High SchoolBloomington North
Legal Description015-13110-00 McPheeters Pt Lot 4
Middle SchoolTri-North
ModificationTimestamp2025-07-10T12:24:33.7
Net Income28215
New ConstructionNo
OwnerPaysBuilding Insurance, Tax
Pet Restrictions Y/NNo
REONo
Rent Income50700
School DistrictMonroe County Community School C
SewerCity
StatusActive
StatusActive
Status Detail0
Stories Count1.5
StyleOne and Half Story
SubdivisionNone
Tax Year2025
Tenant PaysCable, Electric, Heating, Sewer, Water
Total Sq Ft2754
TownshipPerry
TypeOther
Virtual TourClick here
Year Built1930
Exterior for 308 S Madison Street
Approx. Lot Size Acres0.2
ExteriorAluminum, Stone
Lot DescriptionIrregular
Lot DimensionsRectangular
Lot Size Area8712
Number of Parking Spaces4
OutbuildingNone
PoolNo
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Tri-North Middle School
Elementary School
Fairview Elementary School
High School
Bloomington North High School
Sarah Goers
Real Estate Broker
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