BEDS4
BATHS2 full
SQUARE FEET2,000
MLS#12717006
STATUSNew
PROPERTY TYPEResidential - Single Family
SUBDIVISIONOrig Town of Philo
SCHOOLDistrict 7
Property Description
Excellent investment opportunity in the heart of Philo! This income-producing property offers over 2,000 square feet and has been successfully operated as a duplex for many years. Currently configured as two 2-bedroom, 1-bath units, the home also offers the potential to be converted back into a single-family residence by reopening the interior staircase to the second floor. The upper unit, accessed by a private exterior staircase, features updated paint, an updated bathroom, and an updated kitchen area, while the spacious main-level unit is occupied by long-term tenants. A shared laundry area is located in the basement, and both residential leases extend through April 2027, providing immediate rental income. Additional income is generated by a detached 3-car garage and a separate 1-car garage, both currently leased as storage units. The property features an updated septic system with city water service, a roof replaced by the current owner, separately metered electric service, shared water and gas that are billed back to the tenants, a large welcoming front porch, rear tenant parking, and a common outdoor area perfect for relaxing or grilling. Being sold as is, this handyman special offers outstanding investment potential with multiple possibilities in a desirable small-town community.
Property Features
Property Type: Residential - Single Family
Basement: Finished, Partial
Basement: Yes
Cooling: Window Unit(s)
Garage: 4
Heating: Natural Gas, Forced Air
Home Style: Farmhouse
Lot Size: 0.28 Acres
Taxes: $2,930
Year Built: 1880
Amenities
1st Floor Bedroom
Feature Descriptions
Additional rooms: No additional rooms
Appliances: Range, Refrigerator
Association Includes: None
Dining Room: Separate
Exterior: Aluminum Siding
Lot Dimensions: 80X150
Other Equipment: TV-Cable
Parcel#: 192723158002
Parking: Garage, Yes, Detached
Sewer: Septic Tank
Total Rooms: 8
Township: Philo
Water: Public
Room Sizes
Bedroom 2: 14X11
Bedroom 3: 14X15
Bedroom 4: 14X11
Dining Room: 15X15
Family Room: 15X15
Kitchen: 12X14
Living Room: 13X15
Primary Bedroom: 15X13
Local Schools
High School: Unity High School
Middle School: Unity Junior High School
Elementary School: Unity East Elementary School
School District: District 7
Listed By / Shown By
Listed By
Agency Name: Green Street Realty
Shown By
Agent Name: Dale Williams
Agent Phone: Cell: (815) 519-2243
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 1,065.94 per month $772.19 Principal & Interest $244.17 Property Tax $49.58 Homeowner's InsuranceChange Payment Information
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109 W Madison Street | MLS# 12717006
This single family home located at 109 W Madison Street , Philo, IL 61864 is currently listed for sale with an asking price of $170,000. This property was built in 1880 and has 4 bedrooms and 2 full baths with 2000 sq. ft. W Madison Street is located in the Orig Town of Philo subdivision within the District 7 school district. Search Orig Town Of Philo real estate on dwilliams.gogambino.com today.