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  • Listed by: McKelvey Properties • Kim J Richter • Contact: 314-333-9844
    Bought with: Keller Williams Realty West
    Price Unknown

    568 Madison St, Saint Charles, MO 63301

    4beds
    4baths
    2,868sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $404,500 Zestimate®
    $--/sqft
    $1,726 Estimated rent

    Home value

    $404,500

    $380,000 - $433,000

    $1,726/mo

    Zestimate® history
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    What's special

    Fully furnished duplex
    Exceptional investment opportunity in the heart of Historic St. Charles! This fully furnished duplex at 568 Madison Street is currently operating as a successful Airbnb/VRBO with proven gross income of $75,000 in the past year — documentation available for qualified buyers. Offered completely turnkey, the property is being sold with all furniture, décor, housewares, and operational setup included, allowing a new owner to step in and begin generating income immediately from day one. The duplex layout offers flexibility for multiple investment strategies, including short-term rental, long-term duplex leasing, or owner-occupancy with supplemental rental income. However, the highest and best use is its continued operation as a short-term rental. A major value-add: the existing short-term rental permit transfers with the sale, which is extremely rare, as the City of St. Charles is no longer issuing new Airbnb permits. This creates a strong barrier to entry and enhances the long-term income potential and uniqueness of the asset. Located just minutes from Historic Main Street, restaurants, shopping, riverfront attractions, and major commuter routes, this property is ideally positioned to attract year-round visitors and maximize occupancy. Investment Highlights: -Duplex configuration -Currently operating as Airbnb/VRBO -$75,000 proven gross annual income 2025 -Sold fully furnished – turnkey operation -Transferable short-term rental permit -No new Airbnb permits allowed in St. Charles City -Ideal for investors or owner-operators -Prime location near Historic Main Street & attractions -A rare opportunity to acquire a cash-flowing short-term rental asset in one of St. Charles’ most desirable and supply-constrained markets.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kim J Richter 314-333-9844,

    McKelvey Properties,

    Kim J Richter 314-333-9844,

    McKelvey Properties

    Bought with:

    Tony D Tiller, 2024028715

    Keller Williams Realty West

    Source: MARIS,MLS#: 26007724MLS LogoOriginating MLS: St. Louis Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Cooling
    • Central Air
    Appliances
    • Included: Stainless Steel Appliance(s), Dishwasher
    Features
    • Flooring: Hardwood, Luxury Vinyl, Tile
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,868
    • Total interior livable area: 2,868 sqft
    • Finished area above ground: 2,868

    Property

    Lot
    • Size: 6,229 Square Feet
    Details
    • Additional structures: Shed(s)
    • Parcel number: 6009DB186000011.0000000
    • Special conditions: Standard,Real Estate Owned

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: A-Frame
    • Property subtype: Multi Family
    Materials
    • Brick, Other
    • Roof: Shingle
    Condition
    • Year built: 1920

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Subdivision: Park Chas South 04
    HOA
    • Has HOA: No
    Location
    • Region: Saint Charles

    Financial & listing details

    • Tax assessed value: $245,310
    • Annual tax amount: $5,289
    • Date on market: 2/11/2026
    • Cumulative days on market: 22 days
    • Listing terms: Cash,Conventional
    • Ownership: Bank

    Price history

    DateEventPrice
    3/5/2026Sold--
    Source: MARIS #26007724 Report a problem
    7/31/2019Listing removed$275,000$96/sqft
    Source: Property Management Svcs #19037645 Report a problem
    6/28/2019Price change$275,000-3.5%$96/sqft
    Source: Property Management Svcs #19037645 Report a problem
    6/7/2019Listed for sale$285,000$99/sqft
    Source: Property Management Svcs #19037645 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,666 +14%$78,499 +8.7%
    2024$4,972 +30.7%$72,208 +26.6%
    2023$3,805 +10.9%$57,048 +18.4%
    2022$3,432 $48,173
    2021-- $48,173 +32%
    2020-- $36,494
    2019$2,548 $36,494 +10.3%
    2018$2,548 +1.3%$33,091
    2017$2,515 +8.2%$33,091 +12.1%
    2016$2,325 +0.7%$29,522
    2015$2,309 +0.3%$29,522 +2.7%
    2014$2,301 $28,755
    2013-- $28,755 -0.8%
    2011-- $28,980
    2010-- $28,980 -4.1%
    2009-- $30,230 -4.5%
    2008-- $31,650 -73.3%
    2007-- $118,680
    2006-- $118,680
    2005-- $118,680
    2002-- --
    2001-- --
    Find assessor info on the county website

    Neighborhood: 63301

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Harris Elem.
    • Middle: Jefferson / Hardin
    • High: St. Charles High

    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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    Estimated market value
    $404,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $404,500