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109 W Madison Street, Philo, IL 61864

Philo
Local realty services provided by:CENTURY 21 New Heritage
109 W Madison Street,Philo, IL 61864
$170,000
  • 4 Beds
  • 2 Baths
  • 2,000 sq. ft.
  • Single family
  • Active
Listed by: shannon collins
Office: green street realty
MLS#:12717006
Source:MLSNI

Price summary

  • Price:$170,000
  • Price per sq. ft.:$85

About this home

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...

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Home facts

  • Year built:1880
  • Subdivision & Development:Orig Town of Philo
  • Listing ID #:12717006
  • Updated:August 02, 2026 at 11:12 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:8
  • Dining Description:Separate Dining Room
  • Kitchen Description:Range, Refrigerator
  • Basement Description:Finished, Partial
  • Living area:2,000 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1880
  • Building area:2,000 sq. ft.
  • Lot area:0.28 Acres
  • Architectural Style:Farmhouse
  • Levels:2 Story

Schools

  • High school:Unity High School
  • Middle school:Unity Junior High School
  • Elementary school:Unity East Elementary School

Utilities

  • Water:Public

Finances and disclosures

  • Price:$170,000
  • Price per sq. ft.:$85
  • Tax amount:$2,931 (2025)

Features and amenities

  • Amenities:TV-Cable

Parking

  • Total parking spaces:4
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:4
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Lisa Rossow

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