Seller's Agent in 2025
John Schneider
EXIT Realty HGM
(608) 217-4602
2 in this area
126 Total Sales
111 E Gilman St Unit 3 Madison, WI 53703
Downtown Madison Neighborhood
--
Bed
--
Bath
--
Sq Ft
4,792
Sq Ft Lot
Highlights
- Wood Flooring
- Forced Air Heating System
- 1-minute walk to Period Garden Park
- Property is near a bus stop
About This Home
As of October 2025Fantastic investment opportunity in the heart of Madison! This charming brick three-unit rental building is perfectly located in one of the city’s most desirable & high-demand neighborhoods. The property features a mix of units—one spacious two-bedroom, one one-bedroom, & one studio—offering versatility and broad appeal to renters. Currently, the two-bedroom & studio units are tenant-occupied, providing immediate rental income, while the one-bedroom unit is available & being marketed for short-term rental use. This allows an investor to step into an income-producing property with additional upside potential. The historic brick exterior, proximity to downtown amenities, and strong rental market in this area make this property a standout choice for seasoned or first-time investors!
Last Agent to Sell the Property
EXIT Realty HGM License #73373-94 Listed on: 09/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,487
Year Built
- Built in 1927
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Wood Flooring
- Shared Basement
- Oven or Range
Parking
- 4 Open Parking Spaces
- Outside Parking
Schools
- Lapham/Marquette Elementary School
- Okeeffe Middle School
- East High School
Additional Features
- 4,792 Sq Ft Lot
- Property is near a bus stop
- Forced Air Heating System
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 0709-144-0410-1
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2025
Closed on
Oct 13, 2025
Sold by
Limitless 3 Llc
Bought by
Mkmr Properties Llc
Seller's Agent
John Schneider
EXIT Realty HGM
Buyer's Agent
Pat Burke
DeBurgo Realty Inc
List Price
$725,000
Sold Price
$720,000
Premium/Discount to List
-$5,000
-0.69%
Views
21
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.16%
Original Mortgage
$540,000
Outstanding Balance
$540,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$150,015
Purchase Details
Closed on
Dec 16, 2008
Sold by
Erickson Martha W
Bought by
Fabick Francis Steven
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,600
Interest Rate
6.3%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $720,000 | Nations Title | |
| Warranty Deed | $307,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,000 | New Conventional | |
| Previous Owner | $230,600 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/15/2025 10/15/25 | Sold | $720,000 | -0.7% | -- |
| 09/09/2025 09/09/25 | For Sale | $725,000 | +0.7% | -- |
| 09/02/2025 09/02/25 | Off Market | $720,000 | -- | -- |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $16,973 | $499,300 | $161,000 | $338,300 |
| 2023 | $8,112 | $466,600 | $161,000 | $305,600 |
| 2021 | $8,709 | $423,200 | $153,300 | $269,900 |
| 2020 | $7,995 | $368,000 | $148,800 | $219,200 |
| 2019 | $7,608 | $350,500 | $162,500 | $188,000 |
| 2018 | $7,627 | $350,500 | $162,500 | $188,000 |
| 2017 | $7,960 | $350,500 | $162,500 | $188,000 |
| 2016 | $7,772 | $333,800 | $147,700 | $186,100 |
| 2015 | $7,492 | $302,800 | $147,700 | $155,100 |
| 2014 | $7,127 | $302,800 | $147,700 | $155,100 |
| 2013 | $6,596 | $294,000 | $139,300 | $154,700 |
Source: Public Records
Agents Affiliated with this Home
-
John Schneider
-
Pat Burke
P
Buyer's Agent in 2025
Pat Burke
DeBurgo Realty Inc
(608) 576-4027
2 in this area
7 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2007812
APN: 0709-144-0410-1
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