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 Details

Interior Features

Exterior Features

Utilities and Appliances

Community

Other Details

IDX information provided by the Indiana Regional MLS. Data was last updated on this website at July 24, 2026 7:59 PM UTC. IDX information is provided exclusively for consumers’ personal, non-commercial use and 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

Name

Your Email Address

Phone

Message Send me the deed for 1416 S Madison Street Bloomington IN 47403 (ID#:202624325)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 1416 S Madison Street Bloomington IN 47403 (ID#:202624325)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 1416 S Madison Street Bloomington IN 47403 (ID#:202624325)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

Property Details

Basic Information

Property

Location

Interior Features

Beds/Baths

Basement

Exterior Features

Features

Utilities and Appliances

Utilities and Appliances

Community

Schools

Other Details

Finance

Map Location

CENTURY 21 Scheetz - Bloomington

Listing Tools

Hi there! How can we help you?

Send to a friend

Property Details

Basic Information

Property

Location

Interior Features

Beds/Baths

Basement

Exterior Features

Features

Utilities and Appliances

Utilities and Appliances

Community

Schools

Other Details

Finance

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

CENTURY 21 Scheetz - Bloomington