Step into a piece of Franklin's history in this remarkable condo conversion of the historic Franklin Library. The moment you enter, you'll be captivated by the stunning 18-foot mahogany barrel-vaulted ceilings and beautiful solid oak woodwork that adds character throughout the space. This two-bedroom, two-and-a-half-bath residence perfectly blends historic charm with modern conveniences. The welcoming living room features gleaming hardwood floors and doors leading to your private patio - perfect for morning coffee or evening entertainment. The kitchen is a chef's delight with oak cabinets, sleek stainless steel appliances, and a comfortable breakfast area. The primary bedroom offers abundant natural light and includes a spacious walk-in closet and stand-up shower. Your guests will feel equally pampered in the second bedroom, which also features plenty of sunshine and a walk-in closet, with an updated hallway bathroom nearby. Convenience is key with a main-level laundry room offering plenty of shelving for storage. The location couldn't be better - you're just steps from downtown Franklin's charming shops and restaurants. Nearby parks provide a perfect spot for outdoor recreation, while Franklin Community High School is just a short drive away. Living here means being part of Franklin's story while enjoying all the modern amenities you'd expect in a contemporary home. Whether you're a history buff, downtown enthusiast, or someone who appreciates unique architectural details, this distinctive condo offers a lifestyle that's hard to match.
Sold
$325,000
198 E Madison St, Franklin, IN 46131
2beds
2,048sqft
Residential, Condominium
Built in 1915
-- sqft lot
$326,700 Zestimate®
$159/sqft
$2,060 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 16, 2025 at 02:34pm
Listing Provided by:
Jamie Suchotzky Jamie@RedHotRealtors.com,
Red Hot, REALTORS LLC
Bought with:
Sheila Short
Indiana Realty Pros, Inc.
Source: MIBOR as distributed by MLS GRID,MLS#: 22023864

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Features: Carpet
- Level: Basement
- Area: 234 Square Feet
- Dimensions: 18x13
Bedroom 2
- Features: Carpet
- Level: Basement
- Area: 225 Square Feet
- Dimensions: 15x15
Great room
- Features: Hardwood
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15x13
Kitchen
- Features: Hardwood
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Laundry
- Features: Vinyl
- Level: Main
- Area: 72 Square Feet
- Dimensions: 06x12
Heating
- Forced Air, Electric
Appliances
- Included: Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator, Electric Water Heater, Water Softener Owned
- Laundry: Main Level
Features
- Attic Pull Down Stairs, Vaulted Ceiling(s), Eat-in Kitchen, High Speed Internet, Pantry
- Windows: Wood Frames, Wood Work Painted, WoodWorkStain/Painted
- Basement: Ceiling - 9+ feet,Finished,Full
- Attic: Pull Down Stairs
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,048
- Total interior livable area: 2,048 sqft
- Finished area below ground: 983
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Building Common Entry
- Patio & porch: Patio
Lot
- Size: 871.20 sqft
- Features: Corner Lot, Sidewalks
Details
- Parcel number: 410814043006001009
- Other equipment: Radon System
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Residential, Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Other
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Water: Municipal/City
Community & neighborhood
Location
- Region: Franklin
- Subdivision: Carnegie Commons
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $153 monthly
- Services included: Association Home Owners
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$326,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$326,700