1534 7th St Madison, IL 62060
Estimated payment $730/month
Highlights
- Hot Property
- No HOA
- Forced Air Heating and Cooling System
- Traditional Architecture
- Covered Patio or Porch
About This Home
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 carpet and LVP flooring, updated appliances and fixtures, a brand-new front porch, fresh interior paint, and a new water heater. This is a turnkey investment from day one! Located just minutes from the McKinley Bridge and a short drive to Worldwide Technology Raceway, this property offers convenience and strong rental appeal. With an attractive price point and low annual taxes, this is a smart buy in a growing area. Don’t wait—schedule your showing today! Information pulled from various sources. Buyer to verify all MLS data.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,600
Year Built
- Built in 1940 | Remodeled
Parking
- Off-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Vinyl Siding
Interior Spaces
- 1,807 Sq Ft Home
- 1.5-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Schools
- Madison Dist 12 Elementary And Middle School
- Madison High School
Additional Features
- Covered Patio or Porch
- 5,345 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 21-2-19-25-11-206-010
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- Gross Lease
- Net Operating Income $2,100
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,716 | $13,970 | $1,270 | $12,700 |
| 2023 | $1,716 | $12,240 | $1,110 | $11,130 |
| 2022 | $1,600 | $10,820 | $980 | $9,840 |
| 2021 | $1,481 | $10,190 | $920 | $9,270 |
| 2020 | $1,486 | $9,970 | $900 | $9,070 |
| 2019 | $1,499 | $10,150 | $920 | $9,230 |
| 2018 | $1,527 | $11,940 | $1,080 | $10,860 |
| 2017 | $1,607 | $12,070 | $1,090 | $10,980 |
| 2016 | $1,581 | $12,070 | $1,090 | $10,980 |
| 2015 | $1,525 | $11,700 | $1,060 | $10,640 |
| 2014 | $1,525 | $11,700 | $1,060 | $10,640 |
| 2013 | $1,525 | $11,830 | $1,070 | $10,760 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | For Sale | $109,900 | +197.0% | $61 / Sq Ft |
| 06/29/2021 06/29/21 | Sold | $37,000 | 0.0% | $27 / Sq Ft |
| 05/26/2021 05/26/21 | Pending | -- | -- | -- |
| 04/21/2021 04/21/21 | For Sale | $37,000 | -- | $27 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $37,000 | Abstracts & Titles | |
| Warranty Deed | $46,000 | Metro Title & Escrow Co | |
| Warranty Deed | $27,000 | Metro Title & Escrow Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $42,250 | New Conventional | |
| Previous Owner | $44,800 | Fannie Mae Freddie Mac | |
| Previous Owner | $41,400 | Purchase Money Mortgage |
Source: MARIS MLS
MLS Number: MIS25054797
APN: 21-2-19-25-11-206-010
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.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 805 Iowa St
- 917 Washington Ave
- 1821 Edwardsville Rd
- 1041 Washington Ave
- 1225 Douglas St
- 1926 Beckwith Ave
- 1607 Kennedy Dr
- 1733 Wayne Lanter Ave
- 305 Meredocia St
- 2013 4th St
- 1120 Meridian Ave
- 1142 Rhodes St
- 2018 Troy St
- 1717 Delmar Ave
- 1832 Cleveland Blvd
- 2013 Grand Ave Unit A,B,A,B
- 1638 Poplar St
- 901 Niedringhaus Ave
- 2013 Delmar Ave
- 1712 Spruce St
- 2001 Edison Ave
- 821 Niedringhaus Ave Unit B
- 1635 W 1st St
- 2412 Bromley Ave
- 2416 Madison Ave Unit B
- 2002 E Obear Ave
- 1204 N 8th St
- 3644 Natural Bridge Ave
- 1405 N 16th St
- 1115 Carr St
- 4610 Pope Ave Unit 1F
- 1060 N 18th St
- 555 N 4th St
- 622 N 7th St
- 400 N 4th St
- 1015 Washington Ave Unit 402
- 1114 Lucas Ave Unit 615
- 1123 Washington Ave Unit 305
- 1133 Washington Ave
- 1000 Washington Ave