NOT LISTED FOR SALE

722 Iowa St Madison, IL 62060

Madison Area

Estimated Value: $51,000 - $98,000

Studio
3 Baths
1,768 Sq Ft
$40/Sq Ft Est. Value

Sale Details

Date Sold: March 30, 2018

Last sale price $39,000 $22 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $545 / mo

293 Days on Market

About This Home

As of March 2018

Great Investment property. Three 1 bedroom, 1 bath units with steady occupancy. New roof in 2014.

Last Agent to Sell the Property

Debbie Cerkoski

Palm Tree Realty, Llc License #471017025 Listed on: 06/07/2017

Last Buyer's Agent

Andrew Hannigan

Keller Williams Pinnacle License #475151706

Keller Williams Pinnacle

Property Details

Home Type

  • Multi-Family

Year Built

  • 1934

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 37.5x127.5

Parking

  • On-Street Parking

Home Design

  • 1,768 Sq Ft Home
  • Triplex
  • Brick Exterior Construction
  • Frame Construction
  • Concrete Block And Stucco Construction

Utilities

  • Mini Split Air Conditioners
  • Two Cooling Systems Mounted To A Wall/Window
  • Cooling System Mounted To A Wall/Window
  • Two Heating Systems
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric

Property Details

Home Type

Multi-Family

Year Built

1934

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: 7th
  • Municipality Township: Venice
  • Special Description: No Exemptions
  • Age: 83
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1934

Interior Features

  • Square Footage: 1768

Exterior Features

  • Construction: Brick Veneer Predom, Concrete Block, Frame

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: 1 Window/Wall, 2 Window/Wall, Individual Units
  • Heating: Dual System

Lot Info

  • Lot Dimensions: 37.5X127.5
  • Lot Sq Ft: 4792
  • Acres: 0.1100

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Cable TV/Satellite, Electric

Multi Family

  • Gross Operating Income: 15600.00
  • Units: 3
  • Total Expenses: 3240.00
  • Type Of Units: 3-Family

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 1710

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2026
Sold by
Bought by
Current Estimated Value
$71,232

Purchase Details

Listed on
Jun 7, 2017
Closed on
Mar 30, 2018
Sold by
Bought by
Seller's Agent
Debbie Cerkoski
Palm Tree Realty, Llc
Buyer's Agent
Andrew Hannigan
Keller Williams Pinnacle
List Price
$49,000
Sold Price
$39,000
Premium/Discount to List
-$10,000
-20.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$29,250
Interest Rate
0.0525%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 27, 2014
Closed on
May 13, 2014
Sold by
Bought by
Seller's Agent
Ryan Gehris
USRealty.com, LLP
Buyer's Agent
Ryan Gehris
USRealty.com, LLP
List Price
$21,900
Sold Price
$13,000
Premium/Discount to List
-$8,900
-40.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.63%

Purchase Details

Closed on
May 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,500
Interest Rate
0.0617%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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 Buyer Sale Price Title Company
-- Abstracts & Titles
$39,000 Abstracts & Titles
$13,000 None Available
$25,000 Landstar Title Company
Source: Public Records

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 Borrower Loan Amount
Previous Owner $29,250
Previous Owner $25,500
Previous Owner $18,900
Source: Public Records

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 Prior Sale
03/30/2018 03/30/18 Sold $39,000 -13.3% $22 / Sq Ft
12/31/2017 12/31/17 Price Changed $45,000 -8.2% $25 / Sq Ft
06/07/2017 06/07/17 For Sale $49,000 +276.9% $28 / Sq Ft
05/09/2014 05/09/14 Sold $13,000 -40.6% $7 / Sq Ft View Prior Sale
05/09/2014 05/09/14 For Sale $21,900 -- $12 / Sq Ft
Source: MARIS MLS

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
2025 $1,923 $16,600 $1,070 $15,530
2024 $1,844 $15,010 $970 $14,040
2023 $1,844 $13,240 $1,040 $12,200
2022 $1,731 $11,710 $920 $10,790
2021 $1,603 $11,030 $870 $10,160
2020 $1,609 $10,790 $850 $9,940
2019 $1,623 $10,990 $870 $10,120
2018 $1,653 $12,920 $1,020 $11,900
2017 $1,738 $13,060 $1,030 $12,030
2016 $1,711 $13,060 $1,030 $12,030
2015 $1,373 $10,530 $1,000 $9,530
2014 $1,373 $10,530 $1,000 $9,530
2013 $1,373 $10,650 $1,010 $9,640
Source: Public Records

Agents Affiliated with this Home

  • Debbie Cerkoski

    Seller's Agent in 2018

    Debbie Cerkoski

    Palm Tree Realty, Llc

    (618) 709-0909

    14 Total Sales

    Debbie Cerkoski
    Section Image
  • Andrew Hannigan

    Buyer's Agent in 2018

    Andrew Hannigan

    Keller Williams Pinnacle

    (314) 677-6230

    214 Total Sales

    Andrew Hannigan
    Section Image

  • R

    Seller's Agent in 2014

    Ryan Gehris

    USRealty.com, LLP

    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS17045848

MARIS MLS

APN: 21-2-19-25-11-204-020

Illinois Madison County Madison 62060

722 Iowa St, Madison, IL

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.

MARIS MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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