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708 N Madison Street, Marion, IL 62959

Marion
Local realty services provided by:CENTURY 21 Broughton Team
708 N Madison Street,Marion, IL 62959
$299,000
  • - Beds
  • - Baths
  • 3,000 sq. ft.
  • Multi-family
  • Active
Listed by: melissa plant
Office: coldwell banker j d thompson
MLS#:PA1271699
Source:IL_CAAR

Price summary

  • Price:$299,000
  • Price per sq. ft.:$99.67

About this home

Investment opportunity in a prime Marion location! This four-unit apartment building is conveniently located within walking distance of the Marion Square, offering easy access to shopping, dining, and local amenities. Each of the four units features 2 bedrooms and 1 bathroom. Kitchen appliances are included, along with a shared washer and dryer located in the basement for tenant convenience. The roof was replaced in 2023, providing an added benefit for the next owner. The owner currently pays Mediacom internet ($84/month), water and sewer (approximately $120/month), trash ($109/month) basement electricity for the shared laundry area, and lawn care (approximately $100/month). Tenants are responsible for their individual electric bills. With four separate living units and a desirable location, this property offers an excellent opportunity for investors looking to expand their rental portfolio or add a multi-unit property to their investment holdings.

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Home facts

  • Year built:1940
  • Subdivision & Development:WW Duncan
  • Listing ID #:PA1271699
  • Added:1 day(s) ago
  • Updated:November 09, 2026 at 10:17 PM

Rooms and interior

  • Basement Description:Full, Unfinished
  • Living area:3,000 sq. ft.

Heating and cooling

  • Heating:Baseboard, Window Unit(s)

Structure and exterior

  • Roof:Shingle
  • Year built:1940
  • Building area:3,000 sq. ft.
  • Lot area:0.2 Acres
  • Construction Materials:Vinyl Siding

Schools

  • High school:Marion
  • Middle school:Marion
  • Elementary school:Marion

Utilities

  • Water:Public

Finances and disclosures

  • Price:$299,000
  • Price per sq. ft.:$99.67
  • Tax amount:$5,237 (2025)

Parking

  • Total parking spaces:6

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