203 West Madison Street

Vandalia, IL 62471

$105,000
Price
Beds
3,013 Sq. Ft.
$35 / Sq. Ft.
3,013
Sq. Ft.
$35
per Sq. Ft.

Description

Check out this great income producing duplex located in Vandalia, IL. Several recent updates with the biggest being a new roof in 2023, new HAVC system installed in 2023 for one of the units, new water heaters in 2024 and 2019. Each unit has its own laundry hookups. One of the unique aspects about this property is the electric, gas, and water is separately metered so less work for the investor billing back tenants. Majority of windows are vinyl along with vinyl siding, this makes the exterior of...Check out this great income producing duplex located in Vandalia, IL. Several recent updates with the biggest being a new roof in 2023, new HAVC system installed in 2023 for one of the units, new water heaters in 2024 and 2019. Each unit has its own laundry hookups. One of the unique aspects about this property is the electric, gas, and water is separately metered so less work for the investor billing back tenants. Majority of windows are vinyl along with vinyl siding, this makes the exterior of the duplex easy to maintain. One unit is 3 bedrooms and 2 full baths. Second unit is 3 bedrooms and 1.5 baths. Rents have ranged from $700-$750 the past year. Property is vacant so new owner has their own choice of tenants. Run your own numbers any way you like and you will see this property is priced appropriately to start making income for the new owner once the units are leased. Any questions feel free to get in touch with me or your favorite agent. Property is being sold as-is.
  1. Listed by Tyler Schmitt • RE/MAX Alliance

Amenities

  • Air Conditioning
  • Forced Air
  • Laundry
  • Off-Street Parking
LISTING UPDATED: 10/03/2024 11:04 AM

Property Details for 203 West Madison Street

StatusActive
MLS #24062703
Days on Market33
Taxes$2,344 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family 2-4
Year Built1895
Lot Size0.14 AC / 6,098 SF
CountyFayette County

Building Information for 203 West Madison Street

Stories-Residences-Year Built1895Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 203 West Madison Street

Summary
Location and General Information
  • City: Vandalia
  • County Or Parish: Fayette-IL
  • Latitude: 38.963076
  • Longitude: -89.09212
  • Postal Code: 62471
  • State Or Province: IL
  • Sub division Name: N/A
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Prop Asses City Tax: 1
  • Parcel Number: 18-14-16-256-011
  • Tax Annual Amount: $2,344.00
  • Tax Year: 2023
Parking
  • Attached Garage: No
  • Parking Features: Off Street
  • Driveway: Gravel
School Information
  • Elementary School: VANDALIA DIST 203
  • High School: Vandalia
  • High School District: VANDALIA DIST 203
  • Middle Or Junior School: VANDALIA DIST 203
Property
Lot Information
  • Lot Size Acres: 0.14
  • Lot Size Dimensions: 76x80
  • Lot Size Source: County Records
  • Lot Size Square Feet: 6098.0
  • Property Sub Type: Multi-Family 2-4
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 3013.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 3
  • Building Desc: Duplex
  • Photos Count: 16
  • Videos Count: 0
  • Year Built: 1895
  • Disclosures: Unknown,Sellers Discl. Avail
  • Age: 129
  • Construction Materials: Vinyl Siding
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Some Insulated Window(s), Some Refrigerator(s), Some Range Oven(s)
  • Heat Source: Gas
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Type of Units: 2-Family
Income & Expenses
  • Net Operating Income: $1.00
  • Operating Expense Includes: None,Other
  • Total Expenses: 1.00
Unit 1
  • Unit Full Baths: 3
  • Unit Half Baths: 1
  • UnitType Beds Total: 6.0
Rental
Rent Information
  • Lease Term: None
  • Sub Lease: 0
  • Tenant Pays: All Utilities

Property History for 203 West Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 203 West Madison Street

Taxable ValueLand$894Additions$26,956Total$27,850
Tax Record2023$2,344 ($195 / month)
Home Facts
Beds0Lot Size6,080 SqFtStyleSingle Family ResidenceCountyFAYETTEAPN18-14-16-256-011

Schools near 203 West Madison Street

This home is within Vandalia Community Unit School District 203.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - PK to 7
Rating
School
Distance
Vandalia Elementary School
PublicPK to 3

Vandalia Junior High School
Public4 to 8

Vandalia Community High School
Public9 to 12

Vandalia Christian Academy
PrivatePK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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203 West Madison Street is a multi-family home for sale in Vandalia, IL 62471. This property was listed for sale on October 3, 2024 by RE/MAX Alliance, it's currently listed at $105,000. This listing's school district is Vandalia Community Unit School District 203. Nearby schools include Vandalia Elementary School, Vandalia Junior High School and Vandalia Community High School. 203 West Madison Street is a 0-bed, 0-bath, 3,013 sqft multi-family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Alliance

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.