$170,000 109 W Madison Street, Philo
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MRD12717006 Farmhouse / Detached Single   109 W Madison Street, Philo, IL 61864 $170,000

Bedrooms: 4 County: Champaign
Full Baths: 2 Town: Philo
Half Baths: 0 Lot Size: 80X150
Total Baths: 2 Apx Age: 100+ Years
Garage: 4 car; Detached Year Built: 1880
Subdivision: Orig Town of Philo Grade School: Unity East Elementary School
Jr. High: Unity Junior High School
PIN: 192723158002 Senior HS: Unity High School
Legal: Lot 2 Block 8 Philo - Original Town
  Room Dim. Level Floor Bath   Room Dim. Level Floor Bath Level Square Footage
Living Room: 13X15 Main Carpet   Bedroom 1: 15X13 Main   None Upper SF: 832
Dining Room: 15X15 Main Carpet   Bedroom 2: 14X11 Main   Main SF: 1,168
Kitchen: 12X14 Main Vinyl   Bedroom 3: 14X15 Second  
Family Room: 15X15 Second Hardwood   Bedroom 4: 14X11 Second   Bsmnt SF: 832
Laundry Room: N/A   A1 N/A Finished. SF: 2,000
A2: N/A A3: N/A  
Tax Yr: 2025 Real Estate Tax: $2,931 Tax Exemptions: None
Association Fees: $ / Not Applicable
Family Room: Yes Fireplace: No Dining Room: Yes Accessibility: No
Basement: Finished, Partial New Const: No   Front Door Faces:
Architecture: Farmhouse / Detached Single Sewer: Septic Tank HVAC: Natural Gas, Forced Air / Window Unit(s)
Outbuildings: Water: Public Roof:
Exterior: Aluminum Siding Foundation Material:  
Fireplace: Appliances: Range, Refrigerator Parking: 4 garage spaces; Detached
Misc Interior: 1st Floor Bedroom
Property Includes: Range, Refrigerator; TV-Cable
Misc Exterior: Porch
Possession: Closing
Remarks: 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.
Listing Firm: Green Street Realty
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Listing Agency: Green Street RealtyBroker reciprocity
$170,000 109 W Madison Street, Philo