Primary on Main
Address
109 W Madison Street, Philo, IL
Price
$ 170,000
Property Attributes
- MLS#12717006
- TypeSingle Family
- Listing Status Active
- CountyCHAMPAIGN
- CityPhilo
- AreaSouthern Champaign County - Douglas County
- NeighborhoodOrig Town of Philo
- Zip61864
- StyleFarmhouse
- Year Built1880
- Taxes$ 2930
- Price$ 170,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2000
- Lot Size0.28 Acres
Data Source:
Midwest Real Estate Data (MRED)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Unity East Elementary School | Unity Junior High School | Unity High School |
| Price History | |
|---|---|
| 7/29/2026 | Listed $170,000 |
General Features
| 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 | Active |
| 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
Property vs Single Family Average in 61864
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Real People Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 2, 2026 1:11 PM UTC 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.
Data is updated as of September 2, 2026 1:11 PM UTC
