# 109 W Madison Street, Philo, IL 61864 > **TL;DR:** 3bd/2ba residential multi family, $165,000, built 1880. > 4-car garage. Est. $882/mo. Listed 31 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $165,000 | | Bedrooms | 3 | | Bathrooms | 2 full | | Year Built | 1880 | | Lot Size | 12,197 sqft (0.28 acres) | | Garage | 4-car | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 31 | ## Why This Home Stands Out - **Large Garage** - 4-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $834 | | Estimated Insurance | $48 | | **Total** | **$882** | ## Nearby Schools - **Elementary:** Unity East Elementary School - **Middle:** Unity Junior High School - **High:** Unity High School ## Key Amenities - 4-car garage ## Property Highlights - Built in 1880 - 0.28 acre lot - 4 parking spaces ## Description ### 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. ## Location - **Address:** 109 W Madison Street, Philo, IL 61864 - **County:** Champaign - **Neighborhood:** Orig Town of Philo - **Coordinates:** 40.005569, -88.159371 - **Google Maps:** https://www.google.com/maps?q=40.005569,-88.159371 ## Listing Agent - **Name:** Shannon Collins - **Brokerage:** Green Street Realty - **Broker Phone:** (217) 356-8750 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/109-W-Madison-St_Philo_IL_61864_M70816-20215?f=listhub&s=MREDIL&m=12775415&c=propsimple) ## Photos ![109 W Madison Street - Photo 1](http://lh.rdcpix.com/758ef3ede9add9d677194c158fb0d848l-f3069996872r.jpg) ![109 W Madison Street - Photo 2](http://lh.rdcpix.com/758ef3ede9add9d677194c158fb0d848l-f423783253r.jpg) ![109 W Madison Street - Photo 3](http://lh.rdcpix.com/758ef3ede9add9d677194c158fb0d848l-f196246113r.jpg) ![109 W Madison Street - Photo 4](http://lh.rdcpix.com/758ef3ede9add9d677194c158fb0d848l-f687299838r.jpg) ![109 W Madison Street - Photo 5](http://lh.rdcpix.com/758ef3ede9add9d677194c158fb0d848l-f967735566r.jpg) --- **MLS#:** 12775415 | **Updated:** 2026-10-27 **Source:** listhub *Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/109-w-madison-street-philo-il-61864-5a8449dbcc574018b7d13191579f9002) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/109-w-madison-street-philo-il-61864-5a8449dbcc574018b7d13191579f9002#listing", "url": "https://www.propertysimple.ai/listing/109-w-madison-street-philo-il-61864-5a8449dbcc574018b7d13191579f9002", "name": "109 W Madison Street, Philo, IL 61864", "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. 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