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About the Listing 95234 - 950182
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 Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Range, Refrigerator, TV-Cable
- Air Cond: Window Unit(s)
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: 0
- Basement: Finished,Partial
- Other: 1st Floor Bedroom
- Water: Public
Exterior Details
- Garage Capacity: 4 car
- Parking Spaces: 4
- Lot Dimensions: 80X150
- Roof:
- Others:
- Sewer: Septic Tank
- Parking Features: Garage,Yes,Detached
Financial Details
- Tax Amount: $2,931
- Taxes w/Assessments: N/A
- Tax/Property ID: 192723158002
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
109 W Madison St Philo, IL 61864
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