Home Highlights
Single-Family Home
Built in 1880
0.28 acre lot
$85/sqft
Garage
Local Information
- Map ViewExplore the area around 109 W Madison St.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
Last check for updates: about 18 hours ago
Listing courtesy of: Shannon Collins, (217) 493-3776
Green Street Realty
Source: MRED as distributed by MLS GRID, MLS#12717006
Also Listed on MRED as distributed by MLS GRID.
Home Details for 109 W Madison St
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MLS Status: Active |
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Interior Details Basement: Finished,PartialNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 2000 Square Feet |
Appliances & Utilities Appliances: Range, RefrigeratorRefrigerator |
Heating & Cooling Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Natural Gas |
Fireplace & Spa No Spa |
Levels, Entrance, & Accessibility Stories: 2Accessibility: No Disability Access |
View No View |
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Exterior Home Features Patio / Porch: Porch |
Parking & Garage Number of Garage Spaces: 4Number of Covered Spaces: 4Has a GarageNo Attached GarageParking Spaces: 4Parking: Garage,Yes,Detached |
Frontage Not on Waterfront |
Water & Sewer Sewer: Septic Tank |
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Days on Market: 41 |
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Year Built Year Built: 1880 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Farmhouse |
Building Construction Materials: Aluminum SidingNot a New Construction |
Property Information Parcel Number: 192723158002 |
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Price List Price: $170,000Price Per Sqft: $85 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: PhiloCommunity: Orig Town Of Philo |
School Information Elementary School: Unity East Elementary SchoolElementary School District: 7Jr High / Middle School: Unity Junior High SchoolJr High / Middle School District: 7High School: Unity High SchoolHigh School District: 7 |
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Listing Agent Listing ID: 12717006 |
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Building Area Building Area: 2832 Square Feet |
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HOA Fee Includes: None |
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Lot Area: 0.28 acres |
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Special Conditions: None |
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Business Information Ownership: Fee Simple |
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BasementMls Number: 12717006 |
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Source Internet Entire Listing DisplayMRD IDX Comments Reviews: NoMRD Listing On IDX Display: YesMRD AVM On IDX Display: NoMRD Address On VOW Display: YesMRD Price History On IDX Display: YesMRD Market Time On IDX Display: YesMRD REMARKSINTERNET: YesSource Internet Address DisplayMRD Remarks On VOW Display: Yes |
Around this home
What Locals Say about Philo
At least 2 Trulia users voted on each feature.
100 % Say parking is easy
100 % Say it's dog friendly
100 % Say kids play outside
100 % Say there's holiday spirit
100 % Say yards are well-kept
100 % Say people would walk alone at night
75 % Say it's walkable to restaurants
70 % Say neighbors are friendly
67 % Say car is needed
67 % Say there are community events
60 % Say they plan to stay for at least 5 years
60 % Say there's wildlife
50 % Say it's quiet
25 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
Market trends in Philo
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
7
Home Value
Trulia Estimate
$163KSince last month
Decreased$7K (-4%)Since last year
Decreased$11K (-6.3%)Since last sale
Increased$84K (+106%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +32% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $164K |
| August 2026 | $163K |
| July 2026 | $171K |
| June 2026 | $185K |
| May 2026 | $180K |
| April 2026 | $175K |
| March 2026 | $170K |
| February 2026 | $165K |
| January 2026 | $168K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
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0.15 | Single-Family Home | $69,000 | 08/05/26 | 4 | 1 | 1,695 | |
0.32 | Single-Family Home | $139,900 | 04/23/26 | 3 | 2 | 1,152 | |
0.58 | Single-Family Home | $235,000 | 09/02/26 | 3 | 1.5 | 1,629 | |
0.09 | Single-Family Home | $260,000 | 05/07/26 | 3 | 2 | 1,744 | |
0.86 | Single-Family Home | $195,000 | 03/27/26 | 4 | 1.5 | 1,246 | |
0.28 | Single-Family Home | $255,000 | 09/15/25 | 4 | 2 | 1,503 | |
0.25 | Single-Family Home | $305,000 | 04/23/26 | 4 | 3 | 1,301 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.09 | $260,000 | 3 | 2 | 1,744 | Recently Sold | |
0.15 | $69,000 | 4 | 1 | 1,695 | Recently Sold | |
0.17 | $174,000 | 2 | 1 | 749 | Off Market | |
0.20 | $237,300 | 4 | 2 | 1,965 | Off Market | |
0.21 | $262,600 | 3 | 2 | 2,207 | Off Market | |
0.19 | $273,400 | 3 | 2 | 1,709 | Off Market | |
0.25 | $305,000 | 4 | 3 | 1,301 | Recently Sold | |
0.19 | - | - | - | - | Off Market | |
0.20 | $259,900 | 3 | 2 | 1,640 | For Sale | |
0.28 | $191,200 | 3 | 2 | 1,308 | Off Market | |
0.28 | $259,300 | 4 | 2 | 1,503 | Off Market |
Price and Tax history
| Date | Event | Price |
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Jul 28, 2026 Source: MRED as distributed by MLS GRID #12717006 | Listed For Sale | $170,000 |
Jan 18, 2013 Source: MRED as distributed by MLS GRID #09440329 | Sold | $79,500 |
Dec 4, 2012 Source: Agent Provided | Listed For Sale | $79,900 |
Apr 2, 2011 Source: Agent Provided | ListingRemoved | $89,900 |
Jan 16, 2011 Source: Agent Provided | PriceChange | $89,900 Price decreased by 10% |
Dec 6, 2010 Source: Agent Provided | PriceChange | $99,900 Price increased by 5% |
Dec 3, 2010 Source: Agent Provided | PriceChange | $94,900 Price decreased by 14% |
Jul 3, 2010 Source: Agent Provided | Listed For Sale | $109,900 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2024 | $2,827 | $142,050 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Shannon Collins, Green Street Realty
Agent Phone: (217) 493-3776
Based on information submitted to the MLS GRID as of 2026. 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. Click here for more information
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Frequently asked questions about 109 W Madison St
- What is the estimated monthly payment for 109 W Madison St?Based on a $170,000 list price with 20% down at today's rates, the estimated monthly payment for 109 W Madison St in Philo, IL is approximately $1,283 (about $901 principal & interest, $307 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What are the closest schools to 109 W Madison St?The closest schools to 109 W Madison St in Philo, IL are Unity East (Pre-K/Elementary, rated 7/10), Unity High School (rated 3/10), Unity Jr High School (rated 5/10).
- What is 109 W Madison St estimated to be worth?Trulia's estimated value for 109 W Madison St in Philo, IL is $162,900.
- Does 109 W Madison St have air conditioning?Yes, 109 W Madison St in Philo, IL has air conditioning.
- Does 109 W Madison St have laundry facilities?Yes, 109 W Madison St in Philo, IL has laundry facilities.
- How big is the lot at 109 W Madison St?The lot at 109 W Madison St in Philo, IL is about 0.28 acres (12,197 sq ft).
109 W Madison St, Philo, IL 61864 is a 4 bedroom, 2 bathroom, 2,000 sqft single-family home built in 1880. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Jul 28, 2026. The MLS # for this home is MLS# 12717006.