Check out this great income producing duplex located in Vandalia, IL. Several recent updates with the biggest being a new roof in 2023, new HAVC system installed in 2023 for one of the units, new water heaters in 2024 and 2019. Each unit has its own laundry hookups. One of the unique aspects about this property is the electric, gas, and water is separately metered so less work for the investor billing back tenants. Majority of windows are vinyl along with vinyl siding, this makes the exterior of the duplex easy to maintain. One unit is 3 bedrooms and 2 full baths. Second unit is 3 bedrooms and 1.5 baths. Rents have ranged from $700-$750 the past year. Property is vacant so new owner has their own choice of tenants. Run your own numbers any way you like and you will see this property is priced appropriately to start making income for the new owner once the units are leased. Any questions feel free to get in touch with me or your favorite agent. Property is being sold as-is.
Closed
Listed by: RE/MAX Alliance • Tyler D Schmitt • Contact: 618-267-9214
Bought with: Fayette County Real Estate
$84,000
203 W Madison St, Vandalia, IL 62471
6beds
3baths
3,013sqft
Multi Family
Built in 1895
-- sqft lot
$90,200 Zestimate®
$28/sqft
$1,111 Estimated rent
Home value
$90,200
Estimated sales range
Not available
$1,111/mo
Zestimate® history
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$462/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Tyler D Schmitt 618-267-9214,
RE/MAX Alliance
Bought with:
Kelly Washburn, 471002525
Fayette County Real Estate
Source: MARIS,MLS#: 24062703
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,013
- Total interior livable area: 3,013 sqft
- Finished area above ground: 3,013
Property
Parking
- Parking features: Off Street
Lot
- Size: 6,098 Square Feet
- Dimensions: 76 x 80
Details
- Parcel number: 181416256011
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Vandalia
Financial & listing details
- Price per square foot: $28/sqft
- Tax assessed value: $93,492
- Annual tax amount: $2,344
- Date on market: 10/2/2024
- Cumulative days on market: 113 days
- Listing terms: Cash,Conventional
- Ownership: Private
- Tenant pays: All Utilities
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2025 | Sold | $84,000-11.6%$28/sqft |
Source:  MARIS #24062703 Report a problem | ||
| 2/18/2025 | Pending sale | $95,000$32/sqft |
Source: MARIS #24062703 Report a problem | ||
| 2/8/2025 | Price change | $95,000-9.5%$32/sqft |
Source: MARIS #24062703 Report a problem | ||
| 12/13/2024 | Listed for sale | $105,000$35/sqft |
Source: MARIS #24062703 Report a problem | ||
| 11/16/2024 | Pending sale | $105,000$35/sqft |
Source: MARIS #24062703 Report a problem | ||
| 10/3/2024 | Listed for sale | $105,000$35/sqft |
Source: MARIS #24062703 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,385 +1.8% | $31,164 +11.9% |
| 2023 | $2,344 +5.8% | $27,850 +11% |
| 2022 | $2,215 -2.5% | $25,090 |
| 2021 | $2,273 -0.5% | $25,090 |
| 2020 | $2,284 -1.2% | $25,090 +4% |
| 2019 | $2,311 | $24,125 |
| 2018 | -- | $24,125 |
| 2017 | -- | $24,125 |
| 2016 | $1,661 | $24,125 +2% |
| 2015 | $1,661 | $23,652 |
| 2014 | $1,661 | $23,652 |
| 2011 | $1,661 -23.9% | $23,652 +3% |
| 2010 | $2,181 | $22,963 |
Find assessor info on the county website
Neighborhood: 62471
Nearby homes
- $154,900-- bd-- ba-- sqft229 W Madison St, Vandalia, IL 62471Off Market
- $124,7003 bd1 ba2.7k sqft221 N 2nd St, Vandalia, IL 62471Off Market
- $120,5003 bd2 ba-- sqft229 N 2nd St, Vandalia, IL 62471Off Market
- $7,087-- bd-- ba-- sqft217 N 2nd St, Vandalia, IL 62471Off Market
- $173,400-- bd-- ba-- sqft230 N 2nd St, Vandalia, IL 62471Off Market
- $116,000-- bd-- ba-- sqft213 W Madison St, Vandalia, IL 62471Off Market
- $154,100-- bd-- ba-- sqft127 W Madison St, Vandalia, IL 62471Off Market
- $160,600-- bd-- ba-- sqft131 N 2nd St, Vandalia, IL 62471Off Market
Nearby schools
GreatSchools rating
- 6/10Vandalia Elementary SchoolGrades: PK-3Distance: 1 mi
- 4/10Vandalia Junior High SchoolGrades: 4-8Distance: 1.1 mi
- 4/10Vandalia Community High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Vandalia Dist 203
- Middle: Vandalia Dist 203
- High: Vandalia
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
- Fayette County
- Vandalia
- 62471
- 203 W Madison St
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