Active

109 W Madison Street

Philo, IL 61864
Mark as Favorite
Bed 4

Bed

Bath 2

Bath

SqFt2,000

Sqft

Acres0.28

Acre(Lot)

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 gar age, 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $170,000

AD Id : 88522318

MLS Id : MRD12717006

Beds : 4

Lot Size : 0.28 Acre

Living Area Size : 2,000

Year Built : 1880

Garage : 4

County : Champaign

Subdivision: Orig Town Of Philo

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedroom: 4 Room Types: No additional rooms

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 8

    Interior Features

    1st Floor Bedroom Appliances: Range, Refrigerator
  • Flooring Information

    Construction Materials: Aluminum Siding
  • Heating & Cooling

    Heating: Natural Gas, Forced Air Cooling: Window Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1880

  • Lot Information

    Lot Dimensions: 80X150 Lot Acres: 0.28 Lot Size: .25-.49 Acre

    Property Information

    Property Type: Residential Style: Farmhouse Sub Type: Detached Single Type Detached: 2 Stories

  • Listing Price Information

    Original List Price:$170000

  • Tax Information

    Annual Tax: $2930.82 Tax Year: 2025 Parcel Number: 192723158002 Tax Exemption: None

  • Parking Information

    Total Parking: 4 Garage, Yes, Detached Is Parking Included in Price: Yes

    Garage Information

    Garage Space: 4

    Homeowners Association Information

    Included Fees: None

  • School Information

    Elementary School: Unity East Elementary School Junior High School: Unity Junior High School Senior High School: Unity High School
  • Utility Information

    Sewer: Septic Tank Water Source: Public
  • Location Information

    Subdivision: Orig Town of Philo City: Philo Direction: Take RT 130 to Madison St and house is on the right.
Sell a home like this and save $9,701 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5 Truman Court, Philo, IL, 61864 $235,000 3 2 1,950 1,950 SqFt
203 Eisenhower Drive, Philo, IL, 61864 $234,900 3 2 1,629 1,629 SqFt
425 County Road 1575, Philo, IL, 61864 $328,500 3 2 1,784 1,784 SqFt
Broker Logo

Disclaimer: The information being provided courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Midwest Real Estate Data LLC (MRED). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of Midwest Real Estate Data LLC (MRED). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 07/29/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 07/29/2026 @ 06:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 07/29/2026 @ 06:20

MLS: MRED #12717006 LISTED BY: Shannon Collins, Green Street Realty SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

Selling? Save $9,701 when you sell a home like this

Tour with a ByOwner Agent