$278,500
SOLD JUL 15, 2025

514 Mccormick Ave Unit 2 Madison, WI 53704

Eken Park Neighborhood
-- Bed
-- Bath
1,263 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$221 Per Sq Ft

7% Below List Price

7 Days on Market

Highlights

  • Waterfront
  • Main Floor Bedroom
  • Bathroom on Main Level
  • Wood Flooring
  • Fireplace
  • 3-minute walk to McCormick Park

About This Home

As of July 2025

Investor alert! This vacant 2-flat in Madison features a flexible layout with a 2-bedroom main level unit and a 1-bedroom upper unit—perfect for an owner-occupant to live upstairs while renovating the main floor. With some updates and creativity, this property could be transformed into a charming duplex or easily converted into a single-family home. The house backs up to Starkweather Creek, offering a serene backyard setting, while still being conveniently located near parks, bike trails, and public transit. Seller has never lived in the property and is being sold "as is" condition.

Last Agent to Sell the Property

Scott Stauter

Stauter Homes LLC License #55813-90 Listed on: 05/29/2025

Last Buyer's Agent

Matthew Levenson

Keller Williams Realty License #98783-94

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,114

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Waterfront

Home Design

  • Duplex

Interior Spaces

  • Fireplace
  • Dining Room
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Open Parking Spaces
  • 1 Covered Space
  • Driveway Level

Schools

  • Emerson Elementary School
  • Sherman Middle School
  • East High School

Additional Features

  • Low Pile Carpeting
  • Property is near a bus stop
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-052-0204-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,114

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Items Included: refrigerator and window coverings
  • Miscellaneous: Close to bus line
  • Year Built: 1927
  • Reso Accessibility Features: First floor bedroom, First floor full bath, Level drive, Low pile or no carpeting
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Block foundation
  • Number Furnaces: 1
  • Number Refrigerators: 1
  • Number Stoves: 1
  • Number Water Heaters: 1

Exterior Features

  • Waterfront: Has actual water frontage
  • Waterfront: Yes
  • Lake/River: Starkweather Creek
  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 1
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, 2 spaces

Schools

  • School District: Madison
  • Elementary School: Emerson
  • Middle School: Sherman
  • High School: East
  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Aces: 0.14
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 10800

Tax Info

  • Total Assessment: 289100
  • Assessment year: 2025
  • Net Taxes: 4114
  • Tax Year: 2023
  • Assessor Parcel Number: 0710-052-0204-0

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 New Conventional
Previous Owner $16,000 Unknown
Previous Owner $123,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Sold $278,500 -7.1% $221 / Sq Ft
05/29/2025 05/29/25 For Sale $299,900 -- $237 / 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 $8,677 $262,800 $112,500 $150,300
2023 $4,113 $245,600 $105,100 $140,500
2021 $3,233 $166,500 $81,600 $84,900
2020 $3,236 $154,200 $75,600 $78,600
2019 $3,061 $146,900 $72,000 $74,900
2018 $3,024 $144,000 $72,000 $72,000
2017 $3,290 $148,300 $67,300 $81,000
2016 $3,374 $148,300 $67,300 $81,000
2015 $3,214 $137,100 $59,300 $77,800
2014 $3,112 $137,100 $59,300 $77,800
2013 $3,493 $133,100 $59,300 $73,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Scott Stauter

    Stauter Homes LLC

    (608) 444-4856

    1 in this area

    20 Total Sales

    Scott Stauter
    Section Image

  • M

    Buyer's Agent in 2025

    Matthew Levenson

    Keller Williams Realty

    (608) 220-8184

    1 Total Sale

    Matthew Levenson
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2001040

South Central Wisconsin Multiple Listing Service

APN: 0710-052-0204-0

Wisconsin Dane County Madison 53704 Eken Park

514 Mccormick Ave Unit 2, Madison, WI

This home is located at 514 Mccormick Ave Unit 2, Madison, WI 53704 and is currently priced at $278,500, approximately $220 per square foot. This property was built in 1927. 514 Mccormick Ave Unit 2 is a home located in Dane County with nearby schools including Emerson Elementary School, Sherman Middle School, and East High School.

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.

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