Sold for $155,000

Zestimate^®

$155,000

201 S Madison St, Lincoln, IL 62656

4beds

2baths

1,696sqft

Multi Family, Duplex

Built in 1977

-- sqft lot

$155,000 Zestimate^®

$91/sqft

$1,145 Estimated rent

Home value

$155,000

Estimated sales range

Not available

$1,145/mo

Zestimate^® history

Owner options

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$1,173/mo

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$1,173/mo

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What's special

Two comfortably sized bedroomsFull hall bathAttached garageEquipped eat-in kitchenSpacious corner lotVinyl replacement windowsVinyl siding

Situated on a spacious corner lot, this handsome side by side single story duplex makes a great place to call home while allowing the other side to contribute toward the mortgage -- or would be a choice property to add to your investment portfolio while you rent out both sides and collect monthly rent! Each unit boasts a large front facing living room, equipped eat-in kitchen, convenient laundry/mudroom area, two comfortably sized bedrooms, and a full hall bath. Each unit also features an attached garage and a covered rear porch/patio. Vinyl replacement windows, vinyl siding, and an architectural roof are added perks. 203 side currently rents for $800.00 month -- tenant pays all utilities except for sewer. 201 side is vacant and will be left vacant for ease of showings -- will allow for immediate occupancy upon settlement! Rare opportunity at a price that makes it hard to pass up -- ACT SWIFTLY!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Range, Refrigerator, Water Heater
Laundry: Units Hook-Ups

Features

Basement: Crawl Space

Interior area

Total structure area: 1,696
Total interior livable area: 1,696 sqft

Property

Parking

Total spaces: 2
Parking features: Attached
Has attached garage: Yes

Lot

Size: 6,324 Square Feet
Dimensions: 51 x 124
Features: Corner Lot, Level

Details

Parcel number: 1251900100

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Duplex

Materials

Vinyl Siding
Foundation: Block, Concrete Perimeter
Roof: Shingle

Condition

New construction: No
Year built: 1977

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Lincoln

Financial & listing details

Price per square foot: $91/sqft
Tax assessed value: $146,790
Annual tax amount: $4,577
Date on market: 9/3/2026
Cumulative days on market: 3 days
Lease term: Month To Month
Tenant pays: Trash Collection, Snow Removal, Water

Price history

Date	Event	Price
9/18/2026	Sold	$155,000+3.3%$91/sqft
Source: RMLS Alliance as distributed by MLS GRID #CA1046253 Report a problem
9/5/2026	Pending sale	$150,000$88/sqft
Source: RMLS Alliance as distributed by MLS GRID #CA1046253 Report a problem
9/3/2026	Listed for sale	$150,000$88/sqft
Source: RMLS Alliance as distributed by MLS GRID #CA1046253 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,425 +4.7%	$48,930 +8%
2023	$4,226 +2.8%	$45,310 +7.2%
2022	$4,109 +3.5%	$42,250 +3.9%
2021	$3,970 -0.2%	$40,680
2020	$3,977 +2.2%	$40,680 +2%
2019	$3,894 +2.7%	$39,880
2018	$3,791 +1.9%	$39,880 +4%
2017	$3,721 -2.1%	$38,340 -1.2%
2016	$3,800	$38,790 -4.5%
2015	$3,800	$40,610
2014	$3,800	$40,610 +8.4%
2013	$3,800	$37,470 -1.4%
2012	$3,800 +1.4%	$38,020 -0.7%
2011	$3,749 -0.8%	$38,290 -2.4%
2010	$3,778	$39,220

Find assessor info on the county website

Neighborhood: 62656

Nearby homes

Nearby schools

GreatSchools rating

7/10
Northwest Elementary School
Grades: K-5Distance: 0.5 mi
4/10
Lincoln Jr High School
Grades: 6-8Distance: 0.8 mi
2/10
Lincoln Community High School
Grades: 9-12Distance: 1.5 mi

Schools provided by the listing agent

High: Lincoln

Source: RMLS Alliance 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.