NOT LISTED FOR SALE

15 E Gilman St Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $1,094,435 - $1,312,000

11 Beds
7 Baths
3,224 Sq Ft
$373/Sq Ft Est. Value

Last Sold December 04, 2024

Last sale price $1,850,000 $574 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $7,488/month

335 Days on Market

Highlights

  • Fenced Yard
  • Water Softener is Owned
  • 1-minute walk to Period Garden Park
  • Fireplace
  • Laundry Facilities

About This Home

As of December 2024

Truly unique investment opportunity in Madison's Mansion Hill district. This meticulously maintained 7-unit apartment building has been updated and restored from top to bottom, combining the neighborhood’s historic class with upscale modernization. Next owner will delight in a turnkey operation with little to no maintenance. 3rd floor features a completely remodeled 3-bedroom penthouse with capitol views. Versatile property: ideal for diverse rental strategies—traditional leases at market rates, short-term rentals, or personal use of the penthouse. Steps from the Capitol Square and the shores of Lake Mendota, this building embodies a quintessential Madison experience. (Property updates, lease details, and rent roll attached in additional docs).

Last Agent to Sell the Property

Matthew Lindholm

Bruner Realty & Management Brokerage Phone: 608-333-5301 License #89947-94 Listed on: 11/15/2023

Last Buyer's Agent

Luke Lestikow

First Weber, Inc License #60063-94

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,363

Year Built

  • Built in 1909

Lot Details

  • 4,356 Sq Ft Lot
  • Fenced Yard

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Stucco Exterior

Interior Spaces

  • 3-Story Property
  • Fireplace

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 070914407056

Community Details

Overview

  • 7 Units
  • Mansion Hill Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,363

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: Tenant & owners personal property
  • Items Included: All appliances, window coverings, water softener.
  • Miscellaneous: Shared laundry, Water Softener Owned, Fenced yard
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard, Finished, Poured concrete foundatn
  • Number Dish Washers: 3
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick, Stucco

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer

Schools

  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.1
  • Zoning: DR1 HIS-MH
  • Geo Subdivision: WI

Rental Info

  • Total Income: 92400

Tax Info

  • Net Taxes: 18363
  • Tax Year: 2022
  • Assessor Parcel Number: 070914407056

Multi Family

  • Number Of1 Bedrooms: 3
  • Number Of2 Bedrooms: 3
  • Number Of3 Bedrooms: 1
  • Number Of Units: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2023
Closed on
Dec 3, 2024
Sold by
Miller Jayne M
Bought by
15 E Gilman Llc
Seller's Agent
Matthew Lindholm
Bruner Realty & Management
Buyer's Agent
Luke Lestikow
First Weber, Inc
List Price
$2,800,000
Sold Price
$1,850,000
Premium/Discount to List
-$950,000
-33.93%
Views
563
Current Estimated Value
$1,203,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$646,782
Avg. Annual Appreciation
-32.61%
Original Mortgage
$1,480,000
Outstanding Balance
$1,467,788
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
-$264,570

Purchase Details

Closed on
Jan 21, 2020
Sold by
Miller Kenneth N
Bought by
J Miller Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2015
Sold by
Miller Duane W and Miller Jane M
Bought by
Miller Kenneth N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
15 E Gilman Llc -- None Listed On Document
Miller Jayne M -- None Listed On Document
J Miller Llc $700,000 Knight Barry Title
Miller Kenneth N $1,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 15 E Gilman Llc $1,480,000
Previous Owner J Miller Llc $560,000
Previous Owner Miller Kenneth N $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2024 12/04/24 Sold $1,850,000 0.0% $574 / Sq Ft
06/01/2024 06/01/24 Off Market $1,850,000 -- --
03/22/2024 03/22/24 Price Changed $2,400,000 -14.3% $744 / Sq Ft
11/15/2023 11/15/23 For Sale $2,800,000 -- $868 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $47,631 $1,350,000 $220,000 $1,130,000
2023 $17,825 $980,000 $200,000 $780,000
2021 $19,929 $931,000 $165,000 $766,000
2020 $20,838 $931,000 $165,200 $765,800
2019 $19,929 $887,000 $165,200 $721,800
2018 $18,952 $845,000 $165,200 $679,800
2017 $19,634 $845,000 $165,200 $679,800
2016 $19,217 $805,000 $150,200 $654,800
2015 $18,494 $730,000 $150,200 $579,800
2014 $17,608 $730,000 $150,200 $579,800
2013 $16,256 $709,000 $150,200 $558,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Matthew Lindholm

    Bruner Realty & Management

    (608) 333-5301

    1 in this area

    50 Total Sales

    Matthew Lindholm
    Section Image
  • Luke Lestikow

    Buyer's Agent in 2024

    Luke Lestikow

    First Weber, Inc

    (608) 215-0028

    5 in this area

    123 Total Sales

    Luke Lestikow
    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1967398

South Central Wisconsin Multiple Listing Service

APN: 0709-144-0705-6

Wisconsin Dane County Madison 53703 Downtown Madison

15 E Gilman St, Madison, WI

Not Listed for Sale

MultiFamily

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.

South Central Wisconsin Multiple Listing Service 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.

Nearby Homes