# 1416 S Madison Street, Bloomington, IN 47403 > **TL;DR:** 3bd/1ba single family, $275,000 ($188/sqft), built 1960, 1,460 sqft. > Hardwood, A/C. Est. $1,471/mo. Listed 136 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $275,000 | | Price/sqft | $188 | | Bedrooms | 3 | | Bathrooms | 1 full | | Square Feet | 1,460 | | Year Built | 1960 | | Lot Size | 8,712 sqft (0.20 acres) | | Stories | 1 | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 136 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,391 | | Estimated Insurance | $80 | | **Total** | **$1,471** | ## Nearby Schools - **Elementary:** Templeton - **Middle:** Jackson Creek - **High:** Bloomington South ## Key Amenities - Hardwood - A/C ## Property Highlights - Built in 1960 - 0.20 acre lot ## Description ### Agent Description 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. This house rents for $1400 per month, tenant pays utilities. 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. ## Location - **Address:** 1416 S Madison Street, Bloomington, IN 47403 - **County:** Monroe County - **Neighborhood:** Southwest Bloomington City - **Coordinates:** 39.151083, -86.538138 - **Google Maps:** https://www.google.com/maps?q=39.151083,-86.538138 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/irmls/202624329 ## Listing Agent - **Name:** Ajmal Safi - **Brokerage:** RE/MAX Acclaimed Properties - **Broker Phone:** (812) 332-3001 ## Photos ![1416 S Madison Street - Photo 1](http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f54587479r.jpg) ![1416 S Madison Street - Photo 2](http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f1798324438r.jpg) ![1416 S Madison Street - Photo 3](http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f83129693r.jpg) ![1416 S Madison Street - Photo 4](http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f2718720840r.jpg) --- **MLS#:** 202624329 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88#listing", "url": "https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88", "name": "1416 S Madison Street, Bloomington, IN 47403", "description": "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. This house rents for $1400 per month, tenant pays utilities. 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.", "image": [ "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f54587479r.jpg", "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f1798324438r.jpg", "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f83129693r.jpg", "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f2718720840r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f54587479r.jpg", "caption": "1416 S Madison Street - Bloomington, IN" }, "datePosted": "2026-06-19", "dateModified": "2026-10-24T19:22:02.736Z", "mainEntity": { "@type": "Accommodation", "@id": "https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88#property", "name": "1416 S Madison Street, Bloomington, IN 47403", "address": { "@type": "PostalAddress", "streetAddress": "1416 S Madison Street", "addressLocality": "Bloomington", "addressRegion": "IN", "postalCode": "47403", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 39.151083, "longitude": -86.538138 }, "image": [ "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f54587479r.jpg", "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f1798324438r.jpg", "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f83129693r.jpg", "http://lh.rdcpix.com/ca6d4b40c5b2ca799a82aabae6ce2d89l-f2718720840r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "202624329" }, "accommodationCategory": "Single Family Residence", "numberOfBedrooms": 3, "numberOfBathroomsTotal": 1, "numberOfFullBathrooms": 1, "floorSize": { "@type": "QuantitativeValue", "value": 1460, "unitCode": "FTK", "unitText": "square feet" }, "yearBuilt": 1960, "amenityFeature": [ { "@type": "LocationFeatureSpecification", "name": "Cooling", "value": "Central Air" }, { "@type": "LocationFeatureSpecification", "name": "Flooring", "value": "Hardwood" }, { "@type": "LocationFeatureSpecification", "name": "Air Conditioning", "value": true }, { "@type": "LocationFeatureSpecification", "name": "Hardwood Floors", "value": true } ], "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "0.20 acres" }, { "@type": "PropertyValue", "name": "Stories", "value": 1 }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Single Family Residence" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88#offer", "url": "https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88", "price": 275000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88#agent", "name": "Ajmal Safi", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/1416-s-madison-street-bloomington-in-47403-74ee85b3d182472cae64d76a0bbc7f88#brokerage", "name": "RE/MAX Acclaimed Properties", "telephone": "(812) 332-3001", "logo": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/0e94c5313ab411e094e600219b994c72k-c3297093061r.png" } } } } ```