Vasilje Gajic

109 W Madison Street

Philo, IL
$ 165,000 Beds 4 Baths 2 Sq 2,000
Monthly Estimate* How much can I afford?

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.

Price Change

  • Price
  • $ 165,000
  • City
  • Philo
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • CHAMPAIGN
  • Half Bathrooms
  • 0
  • Area
  • Southern Champaign County - Douglas County
  • Lot Size
  • 0.28 Acres
  • Zip
  • 61864
  • Sqr Footage
  • 2,000
  • Year Built
  • 1880
  • Taxes
  • $ 2930
  • Style
  • Farmhouse
  • MLS#
  • 12717006
Listed By: Green Street Realty
Data Source: Midwest Real Estate Data (MRED)

Features

General

Living Area 2000
Sewer Septic Tank
Heating Natural Gas,Forced Air
Cooling Window Unit(s)
Possession Closing
Appliances Range,Refrigerator
Garage Spaces 4
Association Fee Includes None
Architectural Style Farmhouse
Construction Materials Aluminum Siding
Year Built 1880
Township Philo
Tax Year 2025
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Champaign
New Construction No
Property Type Residential
Subdivision Name Orig Town of Philo
Total Rooms 8
Full Baths 2
Status Price Change
Directions Take RT 130 to Madison St and house is on the right.
High School Unity High School
City Philo
High School District 7
MLS Area Southern Champaign County / Douglas County
Elementary School Unity East Elementary School
Tax Annual Amount 2930.82
Middle/Junior High School Unity Junior High School
Standard Status Active
Middle/Junior School District 7
Elementary School District 7
Property Type Detached Single

Interior Features

Interior Amenities 1st Floor Bedroom
Basement Finished,Partial
Total Bedrooms 4
Room Type No additional rooms
LivingAreaSource Estimated
Total Baths 2
Bedrooms Possible 4

Exterior Features

Parking Features Garage,Yes,Detached
Water Source Public
Total Parking 4
Lot Dimensions 80X150
Lot Size Acres 0.28
Waterfront Y/N No
Other Equipment TV-Cable

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Elmwood Park, IL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unity East Elementary School
Middle School Unity Junior High School
High School Unity High School

Price History

7/29/2026 Listed $170,000
9/11/2026 3% - $165,000

Property vs Zip Code Average in 61864

Price
AVG $260K
$170K
Taxes
AVG $4,732
$2,930
Year Built
AVG 1954
1880
Visits
AVG 103
15
Data Provided by Inside Real Estate®

Areas That We Cover

109 W Madison Street Philo, IL is a Single Family Home for sale at $165000 with 2000 sqft and a lot size of 0.28 Acres Acre(s). 109 W Madison Street Philo has 4 bedrooms, 2 baths and was built in 1880. The property's zip code is 61864 which is in Philo, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Vasilje Gajic

Vasilje Gajic

773-974-6921

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