Investment opportunity in Madison! This four-bedroom, one-bathroom residence offers opportunity for rental income or value-add renovation. The home features convenient main-floor laundry and a functional layout. Located just a short distance from downtown, the property provides easy access to shopping, dining, and local amenities—an appealing option for tenants. Property is being sold AS IS.
For sale
Price cut: $4.9K (7/30)
$75,000
412 SW 2nd St, Madison, SD 57042
4beds
1,280sqft
Single Family Residence
Built in 1894
8,515 Square Feet Lot
$-- Zestimate®
$59/sqft
$-- HOA
What's special
One-bathroom residenceFunctional layoutConvenient main-floor laundry
- 178 days |
- 610 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Julie A Jones Cell:605-270-9715,
Signature Realty Group LLC 605-427-7777,
Lori A Hansen,
Signature Realty Group LLC
Source: Realtor Association of the Sioux Empire,MLS#: 22601276
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Description: Carpet, Closet
- Level: Main
- Area: 99
- Dimensions: 11 x 9
Bedroom 2
- Description: Carpet, Closet
- Level: Main
- Area: 90
- Dimensions: 10 x 9
Bedroom 3
- Description: Carpet
- Level: Upper
- Area: 110
- Dimensions: 11 x 10
Bedroom 4
- Description: Carpet
- Level: Upper
- Area: 90
- Dimensions: 9 x 10
Dining room
- Description: carpet
- Level: Main
- Area: 140
- Dimensions: 10 x 14
Kitchen
- Description: Vinyl
- Level: Main
- Area: 99
- Dimensions: 9 x 11
Living room
- Description: Carpet
- Level: Main
- Area: 182
- Dimensions: 13 x 14
Heating
- Electric
Cooling
- None
Features
- Main Floor Laundry
- Flooring: Carpet, Vinyl
- Basement: Partial
Interior area
- Total interior livable area: 1,280 sqft
- Finished area above ground: 1,280
- Finished area below ground: 0
Property
Features
- Levels: Two
Lot
- Size: 8,515 Square Feet
- Dimensions: 50 x 170.33
- Features: City Lot
Details
- Parcel number: 210400080008010
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Hard Board, Wood Siding
- Roof: Composition
Condition
- Year built: 1894
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Price per square foot: $59/sqft
- Tax assessed value: $60,800
- Annual tax amount: $1,104
- Date on market: 2/26/2026
- Road surface type: Curb and Gutter
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Price change | $75,000-6.1%$59/sqft |
Source:  Realtor Association of the Sioux Empire #22601276 Report a problem | ||
| 7/7/2026 | Price change | $79,900-11.1%$62/sqft |
Source: Realtor Association of the Sioux Empire #22601276 Report a problem | ||
| 6/4/2026 | Price change | $89,900-10%$70/sqft |
Source: Realtor Association of the Sioux Empire #22601276 Report a problem | ||
| 2/26/2026 | Listed for sale | $99,900$78/sqft |
Source: Realtor Association of the Sioux Empire #22601276 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,009 +3.1% | $60,800 +0.1% |
| 2024 | $978 +9.9% | $60,740 +6.7% |
| 2023 | $890 +1.1% | $56,900 +26.7% |
| 2022 | $880 +3.8% | $44,900 +21.7% |
| 2021 | $848 +11.3% | $36,900 |
| 2020 | $762 | $36,900 +15.7% |
| 2019 | -- | $31,900 |
| 2018 | -- | $31,900 |
| 2017 | -- | $31,900 |
| 2016 | -- | $31,900 +24.1% |
| 2013 | -- | $25,700 |
| 2012 | -- | $25,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 57042
Nearby schools
GreatSchools rating
- 8/10Madison Elementary School - 07Grades: K-5Distance: 1 mi
- 7/10Madison Middle School - 02Grades: 6-8Distance: 1.2 mi
- 6/10Madison High School - 01Grades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Madison ES
- Middle: Madison MS
- High: Madison HS
- District: Madison Central 39-2
Source: Realtor Association of the Sioux Empire. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
