Two-Unit Duplex with
New
For Sale
$165,000
109 W Madison Street, Philo, IL 61864
Residential Income, Philo, IL
Property SizeContact for details
Lot Size0.28 Acres
Days on Market4
Property Features for 109 W Madison Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Basement
Parking
4
Parking features
Garage
Patio and Porch features
Porch
Basement
Partial, Unfinished
Subdivision
Orig Town of Philo
Elementary school
Unity East Elementary School
Middle school
Unity Junior High School
High school
Unity High School
Elementary school district
7
Middle school district
7
High school district
7
Directions
Take RT 130 to Madison St and house is on the right.
Standard status
Active
APN
192723158002
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2 Block 8 Philo - Original Town
Tax Annual Amount
2931
Legal Description
Lot 2 Block 8 Philo - Original Town
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
shared laundry area
front porch
common outdoor area
Building Details
Year built
1880
Building materials
Aluminum Siding
Architectural style
Other
Listing Agency:
Green Street Realty
(217) 356-8750
Listed By:
Shannon Collins · License #475178418
(217) 493-3776
Added: Oct 2
Last Checked: Oct 5 at 3:06PM
MLS# 12775415
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Philo, this duplex contains two 2-bedroom, 1-bathroom units and more than 2,000 square feet. The upper apartment has an exterior stairway entrance, updated kitchen area and bathroom, and refreshed paint. The main-level unit is occupied by long-term tenants. A basement laundry area, front porch, rear parking, and shared outdoor space serve the property. The building is being sold as is.
The 0.28-acre property includes a detached 3-car garage and a separate 1-car garage, both leased for storage. Residential leases extend through April 2027. Electric service is separately metered; water and gas are shared and billed back to tenants. The property has public water, an updated septic system, and a roof replaced by the current owner.
The 0.28-acre property includes a detached 3-car garage and a separate 1-car garage, both leased for storage. Residential leases extend through April 2027. Electric service is separately metered; water and gas are shared and billed back to tenants. The property has public water, an updated septic system, and a roof replaced by the current owner.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units; over 2,000 square feet
- 0.28‑acre property in Philo, IL
- Residential leases run through April 2027
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 61864, IL
1,637
Population
595
Households
2.8
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
22.9 sq mi
ZIP Area
71
Density / Sq Mi
$91,827
Median Household Income
$51,635
Median Earnings
$1,063
Median Rent
$203,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential leases run through April 2027, with additional storage income from two detached garages.
Where is this duplex located?
The property is located at 109 W Madison Street Philo, IL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; over 2,000 square feet; 0.28‑acre property in Philo, IL; Residential leases run through April 2027
