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.
Active
$170,000
109 W Madison St, Philo, IL 61864
4beds
2,000sqft
Single Family Residence
Built in 1880
0.28 Acres Lot
$-- Zestimate®
$85/sqft
$-- HOA
What's special
Updated bathroomRear tenant parkingUpdated kitchen areaLarge welcoming front porchSpacious main-level unitUpdated paint
- 23 days |
- 1,049 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
Shannon Collins 217-493-3776,
Green Street Realty
Source: MRED as distributed by MLS GRID,MLS#: 12717006
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15X13
Bedroom 2
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14X11
Bedroom 3
- Level: Second
- Area: 210 Square Feet
- Dimensions: 14X15
Bedroom 4
- Level: Second
- Area: 154 Square Feet
- Dimensions: 14X11
Dining room
- Features: Flooring (Carpet)
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15X15
Family room
- Features: Flooring (Hardwood)
- Level: Second
- Area: 225 Square Feet
- Dimensions: 15X15
Kitchen
- Features: Kitchen (Eating Area-Table Space), Flooring (Vinyl)
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12X14
Living room
- Features: Flooring (Carpet)
- Level: Main
- Area: 195 Square Feet
- Dimensions: 13X15
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Range, Refrigerator
Features
- 1st Floor Bedroom
- Basement: Finished,Partial
Interior area
- Total structure area: 2,832
- Total interior livable area: 2,000 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Garage, Yes, Detached
- Garage spaces: 4
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
- Patio & porch: Porch
Lot
- Size: 0.28 Acres
- Dimensions: 80X150
Details
- Parcel number: 192723158002
- Special conditions: None
- Other equipment: TV-Cable
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: Orig Town Of Philo
HOA
- Services included: None
Location
- Region: Philo
Financial & listing details
- Price per square foot: $85/sqft
- Tax assessed value: $142,050
- Annual tax amount: $2,930
- Date on market: 7/28/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Listed for sale | $170,000+113.8%$85/sqft |
Source:  MRED as distributed by MLS GRID #12717006 Report a problem | ||
| 1/18/2013 | Sold | $79,500-0.5%$40/sqft |
Source: MRED as distributed by MLS GRID #09440329 Report a problem | ||
| 12/4/2012 | Listed for sale | $79,900-11.1%$40/sqft |
Source: The McDonald Group #2125334 Report a problem | ||
| 4/2/2011 | Listing removed | $89,900$45/sqft |
Source: Keller Williams Realty - The Real Estate Center of Illinois, LLC. #2110266 Report a problem | ||
| 1/16/2011 | Price change | $89,900-10%$45/sqft |
Source: Keller Williams Realty - The Real Estate Center of Illinois, LLC. #2110266 Report a problem | ||
| 12/6/2010 | Price change | $99,900+5.3%$50/sqft |
Source: Keller Williams - Champaign #2103399 Report a problem | ||
| 12/3/2010 | Price change | $94,900-13.6%$47/sqft |
Source: Keller Williams Realty - The Real Estate Center of Illinois, LLC. #2103399 Report a problem | ||
| 7/3/2010 | Listed for sale | $109,900$55/sqft |
Source: Keller Williams Realty The Real Estate Center #2103399 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,827 +4.2% | $47,350 +7.9% |
| 2023 | $2,713 +3.7% | $43,880 +6.5% |
| 2022 | $2,617 +3.7% | $41,200 +5.3% |
| 2021 | $2,524 +0.7% | $39,130 +2.2% |
| 2020 | $2,507 -0.3% | $38,280 +4.5% |
| 2019 | $2,515 | $36,630 +3.5% |
| 2018 | $2,515 -0.2% | $35,390 +5.1% |
| 2017 | $2,520 +2.3% | $33,670 +3.9% |
| 2016 | $2,464 | $32,400 +2.6% |
| 2015 | $2,464 +2.3% | $31,580 +1.9% |
| 2014 | $2,409 +23% | $30,990 |
| 2013 | $1,958 +20.1% | $30,990 |
| 2012 | $1,630 +3.2% | $30,990 |
| 2011 | $1,580 +90.3% | $30,990 -1.2% |
| 2010 | $830 | $31,370 -21.8% |
| 2009 | -- | $40,130 +1% |
| 2008 | -- | $39,740 +5.2% |
| 2007 | $2,551 +3.1% | $37,770 +6.3% |
| 2006 | $2,475 +3.6% | $35,530 +6.2% |
| 2005 | $2,388 +6.3% | $33,450 +8.1% |
| 2004 | $2,247 -1.5% | $30,940 |
| 2003 | $2,281 +6.7% | $30,940 +5.8% |
| 2002 | $2,137 +6.5% | $29,250 +4.2% |
| 2001 | $2,007 +12.6% | $28,070 +11.3% |
| 2000 | $1,783 | $25,220 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 61864
Nearby schools
GreatSchools rating
- 7/10Unity EastGrades: PK-5Distance: 1.5 mi
- 5/10Unity Jr High SchoolGrades: 6-8Distance: 4.9 mi
- 3/10Unity High SchoolGrades: 9-12Distance: 4.9 mi
Schools provided by the listing agent
- Elementary: Unity East Elementary School
- Middle: Unity Junior High School
- High: Unity High School
- District: 7
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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