109 W Madison Street, Philo, IL 61864

Philo
Local realty services provided by:ERA Naper Realty
109 W Madison Street,Philo, IL 61864
$165,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: shannon collins
Office: green street realty
MLS#:12775415
Source:MLSNI

Price summary

  • Price:$165,000

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 #:12775415
  • Updated:October 05, 2026 at 11:29 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:12
  • Basement Description:Partial, Unfinished

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1880
  • Lot area:0.28 Acres
  • Architectural Style:Farmhouse

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:$165,000
  • Tax amount:$2,931 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:4
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