$170,000

beds

baths

2,000

square ft

109 W Madison Street

Philo, Illinois 61864

Active / MLS #12717006 / Single Family / Philo

Listing information updated 8/3/2026 at 6:03am

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.

Full Features

Architecture Style:

Farmhouse

Exterior Type:

Aluminum Siding

Basement:

Finished,Partial

Beds Above Grade:

Cooling System:

Window Unit(s)

Heating System:

Natural Gas, Forced Air

Appliances:

Range, Refrigerator

Main Level Primary Bedroom:

Yes

Pool:

Age:

100+ Years

Parking Type:

Garage - Garage,Yes,Detached

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

2,000

Lot Size:

.25-.49 Acre

Acreage:

0.28

Internal Features:

1st Floor Bedroom

External Features:

Patio/Porch

Room Information

Living Room:

13x15 - Main

Dining Room:

15x15 - Main

Kitchen:

12x14 - Main

Family Room:

15x15 - Second

Primary Bedroom:

15x13 - Main Level

2nd Bedroom:

14x11 - Main

3rd Bedroom:

14x15 - Second

4th Bedroom:

14x11 - Second

Laundry:

N/A Level

Taxes & Assessments

Tax Amount:

$2,930

Tax Year:

2025

Location

Zip Code:

61864

City:

Philo

County:

Champaign

Schools

School District(s):

Elementary School:

Unity East Elementary School

Middle School:

Unity Junior High School

High School:

Unity High School

Architecture Style:

Farmhouse

Exterior Type:

Aluminum Siding

Basement:

Finished,Partial

Beds Above Grade:

Cooling System:

Window Unit(s)

Heating System:

Natural Gas, Forced Air

Appliances:

Range, Refrigerator

Main Level Primary Bedroom:

Yes

Pool:

Age:

100+ Years

Parking Type:

Garage - Garage,Yes,Detached

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

2,000

Lot Size:

.25-.49 Acre

Acreage:

0.28

Internal Features:

1st Floor Bedroom

External Features:

Patio/Porch

Living Room:

13x15 - Main

Dining Room:

15x15 - Main

Kitchen:

12x14 - Main

Family Room:

15x15 - Second

Primary Bedroom:

15x13 - Main Level

2nd Bedroom:

14x11 - Main

3rd Bedroom:

14x15 - Second

4th Bedroom:

14x11 - Second

Laundry:

N/A Level

Tax Amount:

$2,930

Tax Year:

2025

Zip Code:

61864

City:

Philo

County:

Champaign

School District(s):

Elementary School:

Unity East Elementary School

Middle School:

Unity Junior High School

High School:

Unity High School

Listing Office: Green Street Realty

Listing Email: shannon.collins@greenstrealty.com

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/3/2026 at 6:03am. 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. Some listings have been excluded from this website.