1987 Madison Ln, Gary, IN 46407 Property Records

Lake County property record for 1987 Madison Ln, Gary, IN 46407

Property Summary

Property Type	Single Family Home
Details	3 bd · 1 ba · 1,998 sqft · built 1961
Lot Size	0.238 acres (10,367 sqft)
Owner	Individual Name on File
Last Sale	$79,000 (Feb 2021)
Tax Bill	$2,034 (2024)
Deeds & Mortgages	Feb 2021 Foreclosure
Flood Zone	Zone X (minimal risk)
APN	`001-25-46-0586-0043`

Property Details

APN / Parcel Number

Primary APN	`001-25-46-0586-0043`
Alternative APNs	`45-08-09-455-005.000-004` `254605860043`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Plumbing Fixtures	5 Plumbing Fixtures
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,998 sqft Living Area
Gross Area	2,997 sqft
1st Floor Area	999 sqft
Basement Area	999 sqft
Game Room	Game Room

Exterior

Year Built	Built 1961
Effective Year Built	Effective 1981
Construction Type	Brick
Roof Material	Asphalt
Lot Area	10,367 sqft (0.238 acres)
Lot Dimensions	146 ft deep x 71 ft wide
View / Lot	Alley
Garage Area	999 sqft
Shed	1 Shed
Shed Area	80 sqft

Utilities, Heating & Cooling

Cooling System	None
Heating System	Central
Heating Fuel	Gas
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	1987 MADISON LN
City	GARY
State	IN
Zip	46407-2554
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	ANDREW MEANS 4TH PARK MANOR 43
Legal Subdivision	ANDREW MEANS 4TH PARK
Legal Lot Number	1
Jurisdiction	LAKE IN
Township / Civil Division	CALUMET
Census Block Group	1
Census Block	1026
Census Tract	11800

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Andrew Means Park Manor Historic District listed 2024 · 409 contributing resources · NRIS 100010739

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

1987 Madison Ln is owned by an individual who bought it in February 2021.

Source: Lake County records, as of December 29, 2025

Owner of Record	Individual Name on File
Mailing Address	1134 PYRAMID DR, GARY, IN 46407-1274
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 12, 2021 · Amount on File
Deed Sale	Feb 12, 2021 · Amount on File
Prior Sale	Jun 13, 2014 · Amount on File
Deed Document Number	202114136
Prior Transfer Date	Feb 3, 2021
Prior Transfer Doc	0000014136
Record Updated	Oct 29, 2026

February 2021: Trustee's Deed, Foreclosure

Document Type	Trustee's Deed
Jurisdiction	LAKE IN
Recording Date	Feb 12, 2021
Property Address	1987 MADISON LN, GARY, IN 46407-2554
Document Number	0000014136
Map Reference	MB 33 PG 7
Instrument Date	Feb 3, 2021
Instrument	2021-014136
Transaction Type	Foreclosure
Record Updated	Aug 10, 2023
Title Company	FIDELITY NATIONAL TITLE, FIDELITY NATIONAL TITLE CO

Transaction

Tax	$0.00

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1134 PYRAMID DR, GARY, IN 46407-1274

Mortgage

Document Number	0000014137
Date	Feb 12, 2021
Instrument	2021-014137

Lender

Name	LEADER ONE FINANCIAL CORP
Type	Mortgage Company

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Mar 1, 2051

Tax Assessment & Valuation

Source: Lake County assessment roll, as of December 29, 2025

Property Jurisdictions

Type	Name
State	Indiana
County	Lake County
County Subdivision	Calumet Township
Municipality	Gary City
Unified School District	Gary Community School Corporation (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$99,100 Land $10,800 Building $88,300	$99,100 Land $10,800 Building $88,300
2024	$2,034.00
2023		$78,300 (+2.76%) Land $11,600 Building $66,700	$78,300 (+2.76%) Land $11,600 Building $66,700
2022	$1,959.00 (-61.75%)	$76,200 Land $9,700 Building $66,500	$76,200 Land $9,700 Building $66,500
2021	$5,121.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 1987 Madison Ln in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective October 16, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 1987 Madison Ln has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	INDIANA AMERICAN WATER - NORTHWEST private · serves 210,510 people · EPA ID IN5245015
Water Source	Surface water
Last State Inspection	Jun 2025
Lead	3 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 414 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20

May also be available: T-Mobile.

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