$170,000

109 W Madison St Philo, IL 61864

Estimated payment $1,147/month

Total Views 2,923
4 Beds
2 Baths
2,000 Sq Ft
$85 Price per Sq Ft

Highlights

  • Main Floor Bedroom
  • Formal Dining Room
  • Porch
  • Farmhouse Style Home
  • 4 Car Detached Garage
  • 5-minute walk to Hazen Park

About This Home

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.

Listing Agent

Shannon Collins

Green Street Realty License #475178418 Listed on: 07/28/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,931

Year Built

  • Built in 1880

Lot Details

  • 12,197 Sq Ft Lot
  • Lot Dimensions are 80x150

Parking

  • 4 Car Detached Garage
  • Parking Available
  • Parking Included in Price

Home Design

  • Farmhouse Style Home
  • Aluminum Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Finished Basement
  • Partial Basement
  • Range
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Schools

  • Unity East Elementary School
  • Unity Junior High School
  • Unity High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Septic Tank
  • Cable TV Available

Community Details

  • Orig Town Of Philo Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,931

Year Built

Built in 1880

Lot Details

0.28 Acres

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Orig Town of Philo
  • Year Built: 1880
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: Lot 2 Block 8 Philo - Original Town
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: Finished, Partial
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: 1st Floor Bedroom
  • LivingArea: 2000
  • Other Equipment: TV-Cable
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 2000
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2832

Exterior Features

  • Construction Materials: Aluminum Siding
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Garage, Yes, Detached
  • ParkingTotal: 4

Utilities

  • Sewer: Septic Tank
  • Cooling: Window Unit(s)
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Unity East Elementary School
  • High School: Unity High School
  • Middle/Junior School: Unity Junior High School

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 80X150
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2930.82
  • Tax Year: 2025
  • Tax Exemptions: None

Map

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Tax History

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Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,827 $51,510 $3,990 $47,520
2024 $2,713 $47,350 $3,670 $43,680
2023 $2,713 $43,880 $3,400 $40,480
2022 $2,617 $41,200 $3,190 $38,010
2021 $2,524 $39,130 $3,030 $36,100
2020 $2,507 $38,280 $2,960 $35,320
2019 $2,628 $36,630 $2,830 $33,800
2018 $2,515 $35,390 $2,730 $32,660
2017 $2,520 $33,670 $2,600 $31,070
2016 $2,464 $32,400 $2,500 $29,900
2015 $2,449 $31,580 $2,440 $29,140
2014 $2,409 $30,990 $2,390 $28,600
2013 $1,958 $30,990 $2,390 $28,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2026 07/28/26 For Sale $170,000 -- $85 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $79,500 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $63,600 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12717006

Midwest Real Estate Data (MRED)

APN: 19-27-23-158-002

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