USAILPhiloOrig Town of Philo109 W Madison St
109 W Madison St | Image 1
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$165,000

For Sale

24 days ago

109 W Madison St, Philo, IL

House

MLS® 12775415

3 Bed

2 Bath

--

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $2,931
Days Active 18
Lot Size 0.28 Acres
Approx. Age 1880
MLS® Number 12775415

Property Address: 109 W Madison St, Philo, IL, 61864-5502

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity in the heart of Philo! This income-producing property offers over 2, 000 square feet and has been successfully operated as a duplex for many years. Currently configured as two 2-bedroom, 1-bath units, the home also offers the potential to be converted back into a single-family residence by reopening the interior staircase to the second floor. The upper unit, accessed by a private exterior staircase, features updated paint, an updated bathroom, and an updated kitchen area, while the spacious main-level unit is occupied by long-term tenants. A shared laundry area is located in the basement, and both residential leases extend through April 2027, providing immediate rental income. Additional income is generated by a detached 3-car garage and a separate 1-car garage, both currently leased as storage units. The property features an updated septic system with city water service, a roof replaced by the current owner, separately metered electric service, shared water and gas that are billed back to the tenants, a large welcoming front porch, rear tenant parking, and a common outdoor area perfect for relaxing or grilling. Being sold as is, this handyman special offers outstanding investment potential with multiple possibilities in a desirable small-town community.
MLS® Number12775415
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1880
BasementUnfinished, Partial
DrivewayGarage, Yes, Garage Owned, Detached
Garage Spaces
HeatNatural Gas, Forced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 2, 2026List Date
$165,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jul 28, 2026List Date
$165,000List Price

Home Appraisal

This property is estimated to sell between: $165,000 and $228,000.
Similar properties in this area sold on average for: $206,875
Expected to sell very soon! Similar properties sold in 4 days. This home has been on eXp Realty for 18 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
109 W Madison St, Philo, IL

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