1534 7th St Madison, IL 62060
Estimated payment $707/month
Highlights
- Traditional Architecture
- Covered Patio or Porch
- Combination Kitchen and Dining Room
- No HOA
- Forced Air Heating and Cooling System
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
Home Design
- Duplex
- Traditional Architecture
- Vinyl Siding
Interior Spaces
- 1,807 Sq Ft Home
- 1.5-Story Property
- Combination Kitchen and Dining Room
- Gas Oven
- Laundry in unit
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- No Driveway
- Off-Street Parking
Schools
- Madison Dist 12 Elementary And Middle School
- Madison High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Additional Features
- Covered Patio or Porch
- 5,345 Sq Ft Lot
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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/16/2025 12/16/25 | Pending | -- | -- | -- | |
| 10/10/2025 10/10/25 | For Sale | $109,900 | 0.0% | $61 / Sq Ft | |
| 09/19/2025 09/19/25 | Pending | -- | -- | -- | |
| 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 | View Prior Sale |
| 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 |
|---|---|---|---|
| Previous Owner | $41,400 | Purchase Money Mortgage |
Source: MARIS MLS
MLS Number: MIS25054797
APN: 21-2-19-25-11-206-010
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