For sale

Price cut: $25.5K (7/23)

$199,500

119 Rethke Ave, Madison, WI 53714

2beds

600sqft

$1,322/mo

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Single Family Residence

Built in 1915

5,227 Square Feet Lot

$-- Zestimate^®

$333/sqft

$-- HOA

What's special

Prime opportunity in an up-and-coming location on the near east side! This 2 bed/1 bath home offers exceptional value for the right buyer, whether you're an investor eyeing upside potential or a hands-on buyer ready to bring your vision to life. Just minutes from Atwood's shops, restaurants, and events, with easy access to parks and bike paths — this is a location that's only getting better. Efficient layout, nice-sized lot, being sold as-is with plenty of room to make it your own. The big shed out back is a standout feature: envision an art studio or creative retreat for an owner-occupant, or an easy value-add for an investor's rental or flip. Yes, this home needs some TLC, but between the bones, the lot, and a location close to everything the near east side has to offer, the upside is real either way. Don't miss this one!

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: Main
Area: 88
Dimensions: 11 x 8

Bedroom 2

Level: Main
Area: 56
Dimensions: 8 x 7

Kitchen

Features: Range/Oven, Refrigerator
Level: Main
Area: 72
Dimensions: 9 x 8

Living room

Level: Main
Area: 117
Dimensions: 13 x 9

Heating

Forced Air

Cooling

Window Unit(s)

Appliances

Laundry: Lower Level

Features

Split bedrooms, Bonus Room, Foyer
Basement: Partial
Has fireplace: No

Interior area

Total structure area: 600
Total interior livable area: 600 sqft
Finished area above ground: 600

Property

Parking

Parking features: No Garage
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1

Lot

Size: 5,227 Square Feet

Details

Parcel number: 071005145958
Zoning: SFR-08

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Vinyl Siding, Aluminum Siding

Condition

Year built: 1915

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $333/sqft
Tax assessed value: $187,500
Annual tax amount: $2,583
Date on market: 6/18/2026
Inclusions: All kitchen appliances
Exclusions: Seller's personal property

Estimated market value

Not available

Estimated sales range

Not available

$1,679/mo

Price history

Date	Event	Price
7/23/2026	Price change	$199,500-11.3%$333/sqft
Source: SCWMLS #2026165 Report a problem
7/7/2026	Listed for sale	$225,000+48.5%$375/sqft
Source: SCWMLS #2026165 Report a problem
7/10/2019	Sold	$151,500$253/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,280 +3%	$187,500 +64.9%
2023	$2,212 +4%	$113,700
2022	$2,128 +5.5%	$113,700
2021	$2,018 +5.7%	$113,700
2020	$1,909 +6.2%	$113,700
2019	$1,798 +0%	$113,700 +11.5%
2018	$1,798 -2.3%	$102,000
2017	$1,841 -6.2%	$102,000
2016	$1,963 -15.3%	$102,000
2015	$2,317 -6.1%	$102,000
2014	$2,468 -0.1%	$102,000
2013	$2,470 +1%	$102,000
2012	$2,446 -1.2%	$102,000
2011	$2,475	$102,000
2010	$2,475 +7.5%	$102,000
2009	$2,303 +17.1%	$102,000 +40.5%
2008	$1,967 +14.1%	$72,600
2007	$1,724 +7.8%	$72,600
2006	$1,599 -0.3%	$72,600
2005	$1,605	$72,600
2004	$1,605 +0.6%	$72,600
2003	$1,596 +18.1%	$72,600 +52.5%
2002	$1,352 +2.7%	$47,600
2001	$1,316 +2.6%	$47,600
2000	$1,283	$47,600

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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