Search
Side-by-Side Duplex
For Sale
$150,000
Pending

201 S Madison St, Lincoln, IL 62656

Single-story duplex with matching two-bedroom layouts, attached garages, and covered rear outdoor areas.

Property Size1,696 SF
Days on Market9

Property Features for 201 S Madison St

General Information

Standard status Pending
Size 1,696 SF
Total Parking Spaces 2
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

covered rear porch/patio

Building Details

Year Built 1977
Buildings 1
Stories 1
Listing Agency: ME Realty
Listed By: Seth Goodman () · License #475126097
Source: Searchillinoishomesforsale
Added: Sep 1 Changed: Sep 8 Last Checked: Sep 8 at 8:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ME Realty

Investment Insights

Based on property information with market context.

This 1,696-square-foot duplex was built in 1977 and is arranged as two side-by-side, single-story residences. Each unit includes a front-facing living room, eat-in kitchen, laundry or mudroom area, two bedrooms, and a full hall bathroom. Attached garage space and a covered rear porch or patio serve both sides.

The property occupies a corner lot at 201 S Madison St in Lincoln, Illinois. Exterior improvements include vinyl siding, vinyl replacement windows, and an architectural roof. The 203 side is currently occupied, while the 201 side is vacant and available for immediate occupancy upon settlement.

Key Highlights

  • 1,696‑square‑foot side‑by‑side duplex on a corner lot
  • Built in 1977 with two single‑story residential units
  • Each unit offers two bedrooms and one full hall bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Daycare Center Plumbing Service Garden Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

290
Businesses Nearby

Demographics for 62656, IL

18,634
Population
7,569
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
90%
High-School Grad
142.8 sq mi
ZIP Area
130
Density / Sq Mi
$59,129
Median Household Income
$32,170
Median Earnings
$807
Median Rent
$128,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Single-story duplex with matching two-bedroom layouts, attached garages, and covered rear outdoor areas.
Where is this duplex located?
The property is located at 201 S Madison St Lincoln, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,696‑square‑foot side‑by‑side duplex on a corner lot; Built in 1977 with two single‑story residential units; Each unit offers two bedrooms and one full hall bathroom
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message