Public Remarks: Tucked just outside the charming river town of Madison, this cozy 1 bedroom, 1 bath home is the kind of place that feels like a warm light left on for you. Perfectly sized and easy to maintain, it offers comfortable living with just the right amount of space. Whether you're looking to downsize, invest, or purchase your first home, this one checks the boxes without overcomplicating life. Enjoy the quiet setting while still being minutes from Madison's historic downtown, local shops, dining, and riverfront views. Mornings feel slower here. Evenings feel calmer. And weekends? They practically invite you to explore. Simple. Comfortable. Close to everything you love about Madison.
Single-familyProperty Type
1970Year Built
0.65 acresLot Size
$192Price/Sq.Ft.
1 spaceParking
Listed by Justin Clifford• Realty ONE Group River Valley
Est. $1,484 per month, based on comparable rentals
Sale and tax history for 740 Michigan Rd
Sale History
Tax History
Date
Event
Price
SIRA #202607612
Apr 21, 2026
Sold
$160,000
$192/sq ft
Apr 21, 2026
Listed
$159,500
$192/sq ft
Metro Search MLS #1709437
Apr 6, 2026
Sold
$160,000
$192/sq ft
Mar 13, 2026
Pending
—
Feb 20, 2026
Listed
$159,500
$192/sq ft
SIRA #2022013938
May 19, 2023
Sold
$124,000
$149/sq ft
Apr 6, 2023
Pending
—
Mar 3, 2023
Relisted
—
Feb 21, 2023
Pending
—
Dec 31, 2022
Listed
$130,000
$156/sq ft
+11
UPGRADED ELECTRICAL! If you want a piece of downtown, but are not looking for a 19th Century building, this property may be for you. Offering a single bedroom, this property is at the foot of Michigan Hill and can easily provide accommodations to downtown attractions. Move-in-ready or ready for an easy redesign. This footprint is simply easy, CHECK IT OUT!
Public Records
Oct 12, 2012
Sold
$20,500
$25/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$144 (−62.5%)
$16,400 + $40,200
$56,600
2024
$383 (+3.2%)
$16,400 + $32,700
$49,100
2023
$371 (−61.9%)
$16,400 + $32,700
$49,100
2022
$974 (+248.6%)
$16,400 + $32,300
$48,700
2021
$279 (+1.9%)
$16,400 + $29,600
$46,000
2020
$274 (+4.4%)
$16,400 + $29,600
$46,000
2019
$262 (−5.5%)
$16,400 + $29,600
$46,000
2018
$278 (−71.7%)
$16,400 + $33,100
$49,500
2017
$980
$16,400 + $32,600
$49,000
2016
$980 (+1.4%)
$16,400 + $32,600
$49,000
2015
$966 (−20.3%)
$16,400 + $31,900
$48,300
2013
$1,212
$16,400 + $32,400
$48,800
Public record
Beds
1
Baths
1
Stories
1
Lot width
94 ft.
Lot depth
300 ft.
Lot size
0.65 Acres
Year renovated
1970
Sq. Ft.
832
Year built
1970
Style
Single Family Residential
County
Jefferson County
APN
390835334006000007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
Property details
Parking
Parking Information
Parking Features: Driveway
Interior
Bedroom Information
Bedrooms Total: 1
First Floor PBR: Yes
# Upper Floor Bedrooms: 0.0
# 2nd Floor Bedrooms: 0.0
# 1st Floor Bedrooms: 0.0
# Basement Bedrooms: 0.0
Bathroom Information
Bathrooms Full: 1
Bathrooms Half: 0
Interior Features
# of Rooms: 3
Other Room Information
# of Rooms: 3
Rooms Total: 3
Basement: None
Fireplaces Total: 0
First Floor Laundry: Yes
Room 1 Information
Room 1 Level: First
Room 1 Type: Kitchen
Room 2 Information
Room 2 Level: First
Room 2 Type: Living Room
Room 3 Information
Room 3 Level: First
Room 3 Type: Laundry
Exterior
Exterior Features
Exterior Features: None
Land Information
Fencing: None
Fencing: None: Yes
Lot Description
Lot Features: Sidewalk, Cleared, Wooded
Lot Size Acres: 0.65
Lot Size Area: 0.65
Lot Size Units: Acres
Lot Size Dimensions: 94 x 300
Cleared: Yes
Irregular: Yes
Sidewalk: Yes
Wooded: Yes
Property Information
Property Sub Type: Single Family Residence
Residential
Subdivision / Condo Amenities
Subdivision Name: NONE
Building Information
Building Area Source: Other
Building Area Total: 832.0
Stories: 1
Year Built: 1970
Roof: Metal
Foundation Details: Slab
Construction Materials: Vinyl Siding, Block, Brick
Above Grade Finished: 832
Living Area: 832.0
Financial
Tax Information
Tax Block: 0
Tax Lot: 0
Financial Information
Yes
Closing Costs and Prepaids: 2500
Utilities
Utility Information
Utilities: Electricity Connected
Heating
Heating Y/N: Yes
Heating: Electric, Heat Pump
Cooling
Cooling Y/N: Yes
Cooling: Wall/Window Unit(s)
Location
HOA Information
Association Fee: 0.0
Neighborhood Information
Subdivision Name: NONE
Location Information
Directions: From US-421 N, Turn right onto Jefferson St, Turn left on to Milton St, End at 740 Michigan Rd
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 832
Stories: 1.0
Lot Size: 0.65 acres
Style: Single Family Residential
Year Built: 1970
Year Renovated: 1970
County: Jefferson County
APN: 390835334006000007
Home facts updated by county records on Aug 26, 2026
Other
Listing Date Information
Documents Change Timestamp: 2026-05-07T05:16:50Z
Around this home
29/100 Car-Dependent22/100 Somewhat bikeable
Schools
Places
Transit
Lydia Middleton Elementary School
Public PreK-4 • Assigned • 0.4mi
6/10
Madison Consolidated Junior High School
Public 5-8 • Assigned • 2.2mi
6/10
Madison Consolidated High School
Public 9-12 • Assigned • 2.5mi
6/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 105° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Madison, IN • 47250
Average low and high temperatures (°F)
35
19
44
27
62
41
69
49
71
54
83
64
87
70
84
63
81
58
70
47
55
39
44
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$156,000 – $189,000
Sell confidently with a local market expert in Madison.