109 W Madison ST, Philo, IL 61864
109 W Madison ST, Philo, IL 61864
109 W Madison ST, Philo, IL 61864
109 W Madison ST, Philo, IL 61864
109 W Madison ST, Philo, IL 61864
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HomeSmart Connect

HomeSmart Connect

+1(847) 495-5000
$ 165,000
Est. payment | /mo

3 Beds

2 Baths

0.28 Acres Lot

Save
$ 165,000
Est. payment | /mo
Save

3 Beds

2 Baths

0.28 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Subdivision Orig Town Of Philo

MLS Listing ID 12775415

Style Farmhouse

Bedrooms 3

Year Built 1880

Annual Tax Amount $2,930

Tax Year 2025

Lot Size 0.280 Acres

Lot Dimensions 80X150

Property Sub-Type Two to Four Units

Property Description

Excellent investment opportunity in the heart of Philo! This income-producing property offers over 2,000 square feet and has been successfully operated as a duplex for many years. Currently configured as two 2-bedroom, 1-bath units, the home also offers the potential to be converted back into a single-family residence by reopening the interior staircase to the second floor. The upper unit, accessed by a private exterior staircase, features updated paint, an updated bathroom, and an updated kitchen area, while the spacious main-level unit is occupied by long-term tenants. A shared laundry area is located in the basement, and both residential leases extend through April 2027, providing immediate rental income. Additional income is generated by a detached 3-car garage and a separate 1-car garage, both currently leased as storage units. The property features an updated septic system with city water service, a roof replaced by the current owner, separately metered electric service, shared water and gas that are billed back to the tenants, a large welcoming front porch, rear tenant parking, and a common outdoor area perfect for relaxing or grilling. Being sold as is, this handyman special offers outstanding investment potential with multiple possibilities in a desirable small-town community.

Location

State IL

County Champaign

Area Southern Champaign County / Douglas County

Rooms

Basement Unfinished, Partial

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 4.0

Building

Dwelling Type Two to Four Units

Building Description Aluminum Siding, No

Sewer Septic Tank

Water Public

Structure Type Aluminum Siding

New Construction false

Schools

Elementary Schools Unity East Elementary School

Middle Schools Unity Junior High School

High Schools Unity High School

School District 7 , 7, 7

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Shannon Collins of  Green Street Realty 

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109 W Madison ST