The savvy investor can see great potential in this property. There is a duplex in the front and a single home at the back of the lot, perfect for an experienced investor or for the first time investor wanting rental property. This as-is sale offers an incredible opportunity with just some general renovations. Some clean out needed but not bad. The duplex units offer a large living/dining area with a half bath off the kitchen. The back house is great for a private residence. There is covered parking at the rear of the units. Laundry hook-ups available in the basement of the duplex. The units could be updated and ready to market in a reasonable amount of time. Well kept street with established neighbors. Please note, the property is sold in its current condition, with inspections solely for informational purposes.
Closed
Listed by: eXp Realty • Pam Cook • Contact: 618-789-7879
Bought with: eXp Realty
$100,000
1616 4th St, Madison, IL 62060
6beds
2baths
--sqft
Multi Family
Built in 1940
-- sqft lot
$131,300 Zestimate®
$--/sqft
$1,240 Estimated rent
Home value
$131,300
$113,000 - $151,000
$1,240/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Pam Cook 618-789-7879,
eXp Realty
Bought with:
Pam Cook
eXp Realty
Source: MARIS,MLS#: 24062676
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Property
Parking
- Parking features: Carport, Covered
- Has carport: Yes
Lot
- Size: 7,100 Square Feet
- Dimensions: 50 x 142
Details
- Parcel number: 212192515403012
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Madison
Financial & listing details
- Tax assessed value: $108,240
- Annual tax amount: $4,131
- Date on market: 10/3/2024
- Cumulative days on market: 8 days
- Listing terms: Conventional
- Ownership: Private
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2024 | Sold | $100,000-4.8% |
Source:  MARIS #24062676 Report a problem | ||
| 10/11/2024 | Pending sale | $105,000 |
Source: MARIS #24062676 Report a problem | ||
| 10/3/2024 | Listed for sale | $105,000 |
Source: MARIS #24062676 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,432 +7.3% | $36,080 +14.1% |
| 2023 | $4,132 +6.1% | $31,610 +13.1% |
| 2022 | $3,892 +1.7% | $27,950 +6.2% |
| 2021 | $3,827 -0.3% | $26,330 +2.3% |
| 2020 | $3,839 -0.8% | $25,750 -1.8% |
| 2019 | $3,871 | $26,210 -14.9% |
| 2018 | -- | $30,810 |
| 2017 | $4,145 +5.4% | $30,810 -1.1% |
| 2016 | $3,933 | $31,140 +3.2% |
| 2015 | $3,933 | $30,170 |
| 2014 | $3,933 | $30,170 -1.1% |
| 2013 | $3,933 | $30,520 -3% |
| 2012 | -- | $31,470 -7.5% |
| 2011 | -- | $34,030 -1.4% |
| 2010 | -- | $34,520 -1.1% |
| 2009 | -- | $34,920 +5.2% |
| 2007 | -- | $33,200 +3.9% |
| 2005 | -- | $31,940 +12.8% |
| 2004 | $3,272 +9.1% | $28,310 -0.7% |
| 2003 | $3,000 +27.8% | $28,520 +10.1% |
| 2002 | $2,347 | $25,900 +12.4% |
| 2001 | -- | $23,050 +16.4% |
| 2000 | $2,017 | $19,800 |
Find assessor info on the county website
Neighborhood: 62060
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Nearby schools
GreatSchools rating
- 2/10Bernard Long Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Madison Jr High SchoolGrades: 6-8Distance: 0.7 mi
- 1/10Madison Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Madison Dist 12
- Middle: Madison Dist 12
- High: Madison
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Madison County
- Madison
- 62060
- 1616 4th St
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