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1106 S Madison Street

Bloomington, IN 47403

ActiveListed Oct 5, 2026 · 1 day on market

Key facts

Lot
0.2 acres
Year built
1930
Type
Residential Income · Duplex
Stories
One
Garage
1 space
MLS #
22122261
County
Monroe
Subdivision
No Subdivision

About this home

Two units, one investment opportunity, and plenty of room to add value. This bungalow-style duplex offers two 2-bedroom, 1-bath units. The front unit is currently occupied on a month-to-month basis, while the rear unit is vacant, giving the next owner flexibility to make improvements, secure new tenants, or explore owner-occupancy options. The front unit has street parking, with 2-3 parking spaces available for the rear unit. New gutters are already in place, but the property does have deferred maintenance and is priced with its condition and potential in mind. Located near walking trails and popular Switchyard Park, this is an opportunity for an investor who isn't afraid of a little work and can see the possibilities beyond the punch list.

Description provided by the listing brokerage.

Interior

Basement
Unfinished

Exterior

Foundation
Block
Style
Bungalow
Parking and garage
Detached

Systems

Heating
Gas
Cooling
Window Unit(s)

Schools

Elementary school
Templeton Elementary School
Middle school
Jackson Creek Middle School
High school
Bloomington High School South
School district
Monroe County Community Sch Corp

Taxes

Estimated annual tax
$8,868 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,763per month, estimated
Principal and interest $958Property tax $739Insurance $67
20% · $38,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$190,000
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