Map
USAILPhiloOrig Town of Philo109 W Madison St
Listing image | Image 1

109 W Madison St, Philo, IL

House

For Sale

Listed price in listed location currency (USD).
$165,000

324

MLS® 12775415

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $2,931
Days Active 18
Lot Size 0.28 Acres
Approx. Age 1880
MLS® Number 12775415

Property Address: 109 W Madison St, Philo, IL, 61864-5502

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number12775415
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1880
BasementUnfinished, Partial
DrivewayGarage, Yes, Garage Owned, Detached
Garage Spaces
HeatNatural Gas, Forced Air
A/C

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

89 days

Today, For Sale for $165,000

For Sale · 24 days

$165,000

MLS® 12775415

24 days ago

Not Sold Yet

October 2026, For Sale for $165,000

For Sale · 24 days

$165,000

MLS® 12775415

24 days ago

Not Sold Yet

July 2026, For Sale for $165,000

For Sale · 89 days

$165,000

MLS® 12717006

3 months ago

Not Sold Yet

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $165,000 and $228,000.
Similar properties in this area sold on average for: $206,875
Expected to sell very soon! Similar properties sold in 4 days. This home has been on Zoocasa for 18 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Powered by Zoocasa

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties

Company

Stay Connected

1-844-683-4663

[email protected]

800 - 1070 Douglas Street, Victoria, BC, V8W2C4

Download Our App

Apple StoreGoogle Play Store
US Real Estate ListingsCanada Real Estate Listings

Owned by

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved

Owned by

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved

A group of people at an event are laughing and cheering, with one man enthusiastically greeting a seated couple in the front row.
A group of people at an event are laughing and cheering, with one man enthusiastically greeting a seated couple in the front row.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

MLS® Compliance Statements
Tony King – Designated Managing Broker, Broker Operations – TX. 
Texas Real Estate Commission information about brokerage services
Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice→ 

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More→ 

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker
eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker
eXp Realty of Greater Los Angeles, Inc. | CA DRE# 02188471 | Anita Cruz – Designated Broker
eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas Penny – Designated Broker
Fair Housing and Reasonable Accommodations
DMCA Notice

2026 AODA Compliance Report
Feedback can be submitted through our standard communication channels such as our internal chat platform, email, phone etc., and accommodations are available upon request. Zoocasa reviews all feedback received, acknowledges concerns, and works to respond in a timely manner. Feedback is assessed and addressed appropriately to support continuous improvement of our services and accessibility practices.