515 East St, Madison, IN 47250

Step back in time while enjoying the modern conveniences of today in this beautifully historic home built in the 1840s, located just steps from the heart of downtown Madison. With its charming architectural details and ongoing renovation, this property offers a unique opportunity for you to finish it to your exact specifications. Key Features: Historic Charm: Originally built in the 1840s, this home has been lovingly preserved and features classic brickwork that has been tuckpointed for durability and beauty, retaining its historic appeal. Modern Updates: Recent upgrades include a brand-new roof, new floor joists, and a new subfloor. Approximately 80% of the framing has been completed, giving you a solid foundation to continue the work and bring this home to life. Open Floor Plan: The open-concept design provides flexibility and potential for you to create a living space that fits your vision. With plenty of room on both floors, this home can easily be transformed into a spacious single-family home or two separate rental units. 4 Bedrooms & 2.5 Bathrooms: This home features four generously sized bedrooms and room for two and a half bathrooms, providing ample space for a growing family or the potential for separate rental units. Plumbing and electric will need to be completed. Duplex Potential: Set up as a duplex, the property is ready for you to decide whether to keep it as a rental or convert it back into a single-family home. It’s a versatile option for investors or those seeking additional income potential. Spacious Yard & Off-Street Parking: Enjoy the large yard, perfect for outdoor activities, gardening, or relaxing. Plus, off-street parking ensures that you’ll always have a place for your vehicles. Prime Location: Situated in the heart of Madison’s historic downtown, you’re just a short walk from Main Street, where you’ll find an array of local shops, cafes, restaurants, and more. With its rich history and vibrant community, downtown Madison is a perfect blend of small-town charm and modern living. This home offers a rare opportunity to personalize a historic property in one of Indiana’s most picturesque towns. Whether you're looking to create a custom family home or make an investment in a unique piece of history, the potential here is endless. Contact me today to schedule a tour and explore all that this property has to offer!