Seller's Agent in 2025
John Schneider
EXIT Realty HGM
(608) 217-4602
2 in this area
124 Total Sales
111 E Gilman St Unit 3 Madison, WI 53703
Downtown Madison NeighborhoodEstimated Value: $695,000 - $798,582
3
Beds
3
Baths
--
Sq Ft
4,792
Sq Ft Lot Lot
Highlights
- Wood Flooring
- Forced Air Heating System
- 1-minute walk to Period Garden Park
- Property is near 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
Lot Details
- 4,792
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 bus stop
- Forced Air Heating System
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 0709-144-0410-1
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2025
Closed on
Oct 13, 2025
Sold by
Bought by
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
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,146
Avg. Annual Appreciation
4.78%
Original Mortgage
$540,000
Outstanding Balance
$540,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$201,146
Purchase Details
Closed on
Dec 16, 2008
Sold by
Bought by
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
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Home Values in the Area
Average Home Value in this Area
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $720,000 | Nations Title | ||
| $307,500 | 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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $540,000 | ||
| Previous Owner | $230,600 |
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 |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $9,788 | $544,200 | $161,000 | $383,200 |
| 2024 | $16,973 | $499,300 | $161,000 | $338,300 |
| 2023 | $8,112 | $466,600 | $161,000 | $305,600 |
| 2022 | $16,886 | $444,400 | $153,300 | $291,100 |
| 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
8 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2007812
APN: 0709-144-0410-1
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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