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Madison, IL Multifamily Home for Sale

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    $109,900

    • 5 Beds
    • 2 Baths
    • 1,807 Sq Ft

    1534 7th St, Madison, IL 62060

    Opportunity knocks with this freshly updated duplex at 1534 7th Street in Madison. Whether you're expanding your portfolio or looking to offset your mortgage by living in one unit and renting the other, this property delivers! Unit A is 2 bed/1 bath and is currently rented for $500/mo, while Unit B is 3 bed/1 bath and currently rented to a long term tenant for $850/mo. Recent upgrades include new

    Erica Timko Keller Williams Marquee

    1534 7th St, Madison, IL 62060

Why Live in Madison

Madison, Illinois, situated just six miles northeast of downtown St. Louis, offers a blend of small-town tranquility and vibrant attractions. The city is renowned for the World Wide Technology Raceway, a 65,000-seat venue hosting NASCAR and professional drag racing events, which has significantly boosted local growth and economy. Residents can enjoy performances from world-famous musicians at the raceway, adding to the city's lively atmosphere. Madison features several parks, including 7th & Lee Public Park and Madison Baseball Diamonds, where community sports leagues are popular. The Mississippi River provides scenic outdoor activities with the Old Chain of Rocks Bridge & Park and Chouteau Island Nature Trail, ideal for hiking, bird-watching, and fishing. Gateway National Golf Course, known for its public bent grass fairways, offers golfing opportunities and a clubhouse for social gatherings. Dining options include the historic Marko’s Fish Restaurant and nearby Madison Meat Market, with larger supermarkets like Walmart and Schnucks located in Granite City. Housing in Madison primarily consists of single-story shotgun and Craftsman-style homes from the early 1900s, reflecting affordable prices. The city is in a transition period, moving from rentals to home ownership. Transportation to St. Louis is convenient via State Route 203 and interstates 55 and 70, with regional bus services connecting to the City Metro Link.

Home Trends in Madison, IL

Housing Trends

Median Sale Price
$51,000
Median Single Family Sale Price
$58,000
Median Townhouse Sale Price
$18,250
Average Price Per Sq Ft
$54
Number of Homes for Sale
5
Last 12 months Home Sales
21
Months of Supply
2.90
Median List Price
$63,500
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
-15%
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