514 Mccormick Ave Unit 2 Madison, WI 53704
Eken Park NeighborhoodEstimated payment $2,027/month
Highlights
- Hot Property
- Wood Flooring
- Property is near a bus stop
- Waterfront
- Fireplace
- 3-minute walk to McCormick Park
About This Home
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.
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
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 2 Open Parking Spaces
- 1 Covered Space
Schools
- Emerson Elementary School
- Sherman Middle School
- East High School
Additional Features
- 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
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 | $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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $299,900 | -- | $237 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document |
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: South Central Wisconsin Multiple Listing Service
MLS Number: 2001040
APN: 0710-052-0204-0
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