617 W Madison St Pontiac, IL 61764
Estimated payment $929/month
Total Views
27,093
4
Beds
3
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
This is an excellent income-producing duplex in a central location. This property features 2 spacious, 2 bedroom/1 full bath units with separate utilities, making it ideal for investors or owner-occupants. The main-level unit has been fully renovated with a brand-new kitchen, updated finishes, and new electrical throughout, and is currently occupied by tenant with a one year lease that expires 2/26. The upper-level unit has a long term tenant with a month/month lease. Located across from a park and just minutes from downtown, shopping, and grocery stores, this property offers convenience. Additional highlights include a large yard and off-street parking. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, 617 W Madison is a smart and turnkey opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,636
Year Built
- Built in 1890 | Remodeled in 2024
Parking
- 3 Parking Spaces
Home Design
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Schools
- Pontiac High School
Additional Features
- Lot Dimensions are 50 x 111.75
- Heating System Uses Natural Gas
Community Details
- 2 Units
Map
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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 | $2,706 | $29,265 | $2,573 | $26,692 |
| 2023 | $2,636 | $27,376 | $2,407 | $24,969 |
| 2022 | $2,567 | $25,530 | $2,407 | $23,123 |
| 2021 | $2,497 | $24,548 | $2,314 | $22,234 |
| 2020 | $2,475 | $23,809 | $2,244 | $21,565 |
| 2019 | $2,419 | $22,767 | $2,146 | $20,621 |
| 2018 | $2,335 | $22,129 | $2,168 | $19,961 |
| 2017 | $2,326 | $22,107 | $2,166 | $19,941 |
| 2016 | $2,336 | $22,375 | $2,192 | $20,183 |
| 2015 | $2,360 | $22,375 | $2,192 | $20,183 |
| 2013 | -- | $18,224 | $2,349 | $15,875 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $130,000 | -7.1% | -- |
| 07/10/2025 07/10/25 | Price Changed | $140,000 | -9.7% | -- |
| 05/16/2025 05/16/25 | Price Changed | $155,000 | 0.0% | -- |
| 05/16/2025 05/16/25 | For Sale | $155,000 | +110.9% | -- |
| 12/28/2021 12/28/21 | Sold | $73,500 | -8.0% | $32 / Sq Ft |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 11/23/2021 11/23/21 | For Sale | $79,900 | -- | $34 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $73,500 | None Available | |
| Warranty Deed | $70,000 | -- | |
| Sheriffs Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $58,800 | Commercial | |
| Previous Owner | $67,495 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $75,000 | No Value Available |
Source: Public Records
Similar Homes in Pontiac, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12364832
APN: 15-15-22-327-010
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