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: $10K (6/4)
$89,900
412 SW 2nd St, Madison, SD 57042
4beds
1,280sqft
Single Family Residence
Built in 1894
8,515 Square Feet Lot
$-- Zestimate®
$70/sqft
$-- HOA
What's special
One-bathroom residenceFunctional layoutConvenient main-floor laundry
- 119 days |
- 388 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Julie A Jones,
Signature Realty Group LLC,
Lori A Hansen,
Signature Realty Group LLC
Source: Realtor Association of the Sioux Empire,MLS#: 22601276
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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: $70/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 |
|---|---|---|
| 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 | -- | $25,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
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.
A local agent can set up tours, give advice and negotiate with sellers.
- South Dakota
- Lake County
- Madison
- 57042
- 412 SW 2nd St
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