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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 910-5022

$ 165,000

Est. payment -/mo

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Price Dropped by $5K

109 W Madison ST Philo, IL 61864

4 Beds

2 Baths

2,000 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $82

Subdivision Orig Town Of Philo

MLS Listing ID 12717006

Style Farmhouse

Bedrooms 4

Full Baths 2

Year Built 1880

Annual Tax Amount $2,930

Tax Year 2025

Lot Size 0.280 Acres

Lot Dimensions 80X150

Property Sub-Type Detached Single

Property Description

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.

Location

State IL

County Champaign

Area Southern Champaign County / Douglas County

Rooms

Basement Finished, Partial

Interior

Interior Features 1st Floor Bedroom

Heating Natural Gas, Forced Air

Cooling Window Unit(s)

Equipment TV-Cable

Fireplace N

Appliance Range, Refrigerator

Exterior

Garage Spaces 4.0

Building

Dwelling Type Detached Single

Building Description Aluminum Siding, No

Sewer Septic Tank

Water Public

Level or Stories 2 Stories

Structure Type Aluminum Siding

New Construction false

Schools

Elementary Schools Unity East Elementary School

Middle Schools Unity Junior High School

High Schools Unity High School

School District 7 , 7, 7

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

Listed by Shannon Collins of Green Street Realty

Nearby School & Business

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MY BLOGS

Vacant Land Scams are REAL

About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow

less is more, unless, it’s for less.

I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds

Contact Us

Phone

+1(847) 910-5022

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL 60005, USA