Fantastic investment opportunity in the heart of Madison! This charming brick three-unit rental building is perfectly located in one of the city’s most desirable & high-demand neighborhoods. The property features a mix of units—one spacious two-bedroom, one one-bedroom, & one studio—offering versatility and broad appeal to renters. Currently, the two-bedroom & studio units are tenant-occupied, providing immediate rental income, while the one-bedroom unit is available & being marketed for short-term rental use. This allows an investor to step into an income-producing property with additional upside potential. The historic brick exterior, proximity to downtown amenities, and strong rental market in this area make this property a standout choice for seasoned or first-time investors!
Sold for $720,000
$720,000
111 E Gilman St, Madison, WI 53703
4beds
--sqft
Multi Family
Built in 1927
-- sqft lot
$769,300 Zestimate®
$--/sqft
$2,685 Estimated rent
Home value
$769,300
$700,000 - $846,000
$2,685/mo
Zestimate® history
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$4,690/mo
Est. payment
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$4,690/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
John Schneider,
EXIT Realty HGM
Bought with:
Patrick Burke, 53515-90 960-9
DeBurgo Realty Inc
Source: SCWMLS,MLS#: 2007812
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2)
Features
- Shared basement
- Flooring: Wood or Simulated Wood (Unit 1)
- Basement: None
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 4
- Parking features: Outside
- Details: Outside
Features
- Levels: Two
Lot
- Size: 4,791 sqft
- Features: Near Public Transit
Details
- Parcel number: 070914404101
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 32400
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $720,000-0.7% |
Source: Public Record Report a problem | ||
| 9/17/2025 | Contingent | $725,000 |
Source:  WIREX MLS #2007812 Report a problem | ||
| 9/9/2025 | Listed for sale | $725,000+20.8% |
Source: WIREX MLS #2007812 Report a problem | ||
| 7/16/2025 | Sold | $600,000+95.1% |
Source: Public Record Report a problem | ||
| 12/18/2008 | Sold | $307,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,774 +4% | $499,300 +7% |
| 2023 | $9,401 | $466,600 +5% |
| 2022 | -- | $444,400 +5% |
| 2021 | -- | $423,200 +15% |
| 2020 | -- | $368,000 +5% |
| 2019 | $7,627 | $350,500 |
| 2018 | $7,627 -4.2% | $350,500 |
| 2017 | $7,960 +6.2% | $350,500 +5% |
| 2016 | $7,492 +5.1% | $333,800 +10.2% |
| 2014 | $7,127 +8% | $302,800 +3% |
| 2013 | $6,596 -4.9% | $294,000 |
| 2012 | $6,933 +5.1% | $294,000 |
| 2011 | $6,596 +2% | $294,000 |
| 2010 | $6,465 -20.5% | $294,000 -26.3% |
| 2009 | $8,135 +5.2% | $399,000 |
| 2008 | $7,730 -7.4% | $399,000 -6.1% |
| 2007 | $8,350 +18% | $425,000 +18.3% |
| 2006 | $7,079 +4.3% | $359,300 +10% |
| 2005 | $6,788 +2.8% | $326,600 +10% |
| 2004 | $6,605 +10.4% | $296,900 |
| 2003 | $5,985 +1.8% | $296,900 +18.4% |
| 2002 | $5,881 +9.7% | $250,700 +15% |
| 2001 | $5,359 +6.9% | $218,000 +10% |
| 2000 | $5,015 | $198,200 |
Find assessor info on the county website
Neighborhood: Capitol
Nearby schools
GreatSchools rating
- NALapham Elementary SchoolGrades: PK-2Distance: 0.9 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 1.6 mi
- 8/10East High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Lapham/Marquette
- Middle: OKeeffe
- High: East
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$769,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$769,300
- Wisconsin
- Dane County
- Madison
- 53703
- Capitol
- 111 E Gilman St
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Nearby neighborhoods
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