3 Madison St Algonquin, IL 60102
Algonquin AreaEstimated payment $2,498/month
Highlights
- Property is near park
- Sun or Florida Room
- Forced Air Heating System
- Eastview Elementary School Rated A
- 1 Car Attached Garage
- 3-minute walk to Cornish Park
About This Home
In-town income property with massive capital updates! This turn-key 2-flat in Algonquin's Historic District features a vacant owner's unit and a steady $1,300 month-to-month tenant upstairs. The main unit includes a garage, neutral carpet, and French doors to a sunroom. The adorable upper unit offers a private entrance, 2 bedrooms, newer appliances, and a laundry/desk area. Over $30K in recent upgrades provides total peace of mind: 2025 roof, 2025 chimney rebuild/tuckpointing/liner/cap, 2022 furnace and AC, 2022 electrical panel, and twin water heaters (2022 & 2025). Separate electric meters. Steps to downtown dining, bike paths, and the Fox River.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,794
Year Built
- Built in 1902
Lot Details
- Lot Dimensions are 66 x 66
- Paved or Partially Paved Lot
Parking
- 1 Car Attached Garage
- Parking Available
- Garage Door Opener
- Driveway
- Off-Street Parking
- Parking Included in Price
Home Design
- Stone Foundation
- Frame Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Stone or Rock in Basement
Schools
- Eastview Elementary School
- Algonquin Middle School
- Dundee-Crown High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Additional Features
- Sun or Florida Room
- Property is near park
Community Details
- 2 Units
Map
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 |
|---|---|---|---|---|
| 2024 | $6,386 | $81,638 | $11,761 | $69,877 |
| 2023 | $6,112 | $73,015 | $10,519 | $62,496 |
| 2022 | $5,286 | $61,641 | $14,527 | $47,114 |
| 2021 | $5,096 | $57,426 | $13,534 | $43,892 |
| 2020 | $4,974 | $55,393 | $13,055 | $42,338 |
| 2019 | $4,868 | $53,018 | $12,495 | $40,523 |
| 2018 | $4,668 | $48,978 | $11,543 | $37,435 |
| 2017 | $4,595 | $46,140 | $10,874 | $35,266 |
| 2016 | $4,551 | $43,275 | $10,199 | $33,076 |
| 2013 | -- | $43,637 | $9,515 | $34,122 |
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 |
|---|---|---|---|---|
| 08/31/2026 08/31/26 | Pending | -- | -- | -- |
| 08/27/2026 08/27/26 | For Sale | $350,000 | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Advanced Title Services Inc |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $72,500 | New Conventional | |
| Closed | $88,493 | New Conventional | |
| Closed | $100,000 | Unknown |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12718325
APN: 19-34-159-007
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
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