$555,000
SOLD MAR 31, 2026

555 E Madison St Riverton, IL 62561

8 Beds
-- Bath
4,800 Sq Ft
1991 Built

Sale Details

Date Sold: March 31, 2026

$116 Per Sq Ft

3% Below List Price

6 Days on Market

Highlights

  • 10 Car Detached Garage
  • Guest Parking
  • Level Lot
  • Storage
  • Forced Air Heating and Cooling System

About This Home

As of March 2026

Well maintained, 10 total units including an all brick 8-plex with eight 2 BR, 1 BA units. 4-car detached garage, all brick with two 1 BR, 1 BA units above. Landlord pays for garbage, water/sewer. Two-coin operated laundry rooms. The 4-car garage offers storage or could be additional rent income--it also has a bathroom. Rent roll and expense report in Documents. NEW ROOF WILL BE INSTALLED ON THE MAIN 8-PLEX. Please give 24 hour notice for all showings.

Last Agent to Sell the Property

Debra Sarsany

The Real Estate Group, Inc. Brokerage Phone: 217-313-0580 License #475118739 Listed on: 02/10/2026

The Real Estate Group, Inc.

Last Buyer's Agent

Logan Frazier

The Real Estate Group, Inc. License #475192592

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,333

Year Built

  • Built in 1991

Lot Details

  • Lot Dimensions are 107x170
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 8 Bedrooms
  • 4,800 Sq Ft Home
  • Storage

Parking

  • 10 Car Detached Garage
  • Parking Pad
  • Guest Parking

Schools

  • Riverton District #14 High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Trash Expense $1,440

Listing and Financial Details

  • Assessor Parcel Number 15090476009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,333

Year Built

Built in 1991

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1991
  • New Construction: No
  • Structure Type: Two or More Story
  • Attribution Contact: Mobl: 217-313-0580
  • Special Features: None

Interior Features

  • Basement: None
  • Total Bedrooms: 8
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Brick
  • Foundation Details: Slab
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Detached, Guest, Parking Pad
  • Total Parking Spaces: 10

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 10
  • NumberofRefrigerators: 10
  • NumberOfWashers: 2
  • NumberOfDryers: 2
  • NumberOfDishwashers: 10
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1440
  • AdvertisingExpense: 0

Schools

  • High School: Riverton District #14

Lot Info

  • Lot Size: 107x170
  • Parcel #: 15090476009

Rental Info

  • Lease Term: Variable

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9333.2
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2026
Closed on
Mar 31, 2026
Sold by
Gregory Pelc
Bought by
Tc Premier Rentals Llc
Seller's Agent
Debra Sarsany
The Real Estate Group, Inc.
Buyer's Agent
Logan Frazier
The Real Estate Group, Inc.
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%
Views
17

Purchase Details

Listed on
Sep 12, 2017
Closed on
Oct 25, 2017
Sold by
Lascody Douglas E
Bought by
Pelc Gregory
Seller's Agent
Melissa Vorreyer
RE/MAX Professionals
Buyer's Agent
Debra Sarsany
The Real Estate Group, Inc.
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.55%
Original Mortgage
$260,000
Interest Rate
3.78%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $555,000 Chicago Title
Executors Deed $325,000 Illinois Real Estate Title Cen
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $260,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2026 03/31/26 Sold $555,000 -3.5% $116 / Sq Ft
02/16/2026 02/16/26 Pending -- -- --
02/10/2026 02/10/26 For Sale $575,000 +76.9% $120 / Sq Ft
10/25/2017 10/25/17 Sold $325,000 -7.1% -- View Prior Sale
09/18/2017 09/18/17 Pending -- -- --
09/12/2017 09/12/17 For Sale $350,000 -- --
Source: RMLS Alliance

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 $9,333 $138,891 $8,344 $130,547
2023 $8,703 $128,472 $7,718 $120,754
2022 $8,654 $119,576 $7,184 $112,392
2021 $8,420 $114,580 $6,884 $107,696
2020 $8,228 $113,840 $6,840 $107,000
2019 $11,298 $159,931 $6,938 $152,993
2018 $10,877 $156,964 $6,809 $150,155
2017 $10,635 $152,645 $6,622 $146,023
2016 $10,389 $147,955 $6,419 $141,536
2015 $10,216 $143,855 $6,241 $137,614
2014 $9,984 $141,603 $6,143 $135,460
2013 $9,939 $142,933 $6,201 $136,732
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1041690

RMLS Alliance

APN: 15-09.0-476-009

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