1534 7th St

Madison, IL 62060

$109,900
Price
5
Beds
2
Baths
1,807 Sq. Ft.
$61 / Sq. Ft.
1,807
Sq. Ft.
$61
per Sq. Ft.

Description

Opportunity knocks with this freshly updated duplex at 1534 7th Street in Madison. Whether you're expanding your portfolio or looking to offset your mortgage by living in one unit and renting the other, this property delivers! Unit A is 2 bed/1 bath and is currently rented for $500/mo, while Unit B is 3 bed/1 bath and currently rented to a long term tenant for $850/mo. Recent upgrades include new carpet and LVP flooring, updated appliances and fixtures, a brand-new front porch, fresh interior paint,...Opportunity knocks with this freshly updated duplex at 1534 7th Street in Madison. Whether you're expanding your portfolio or looking to offset your mortgage by living in one unit and renting the other, this property delivers! Unit A is 2 bed/1 bath and is currently rented for $500/mo, while Unit B is 3 bed/1 bath and currently rented to a long term tenant for $850/mo. Recent upgrades include new carpet and LVP flooring, updated appliances and fixtures, a brand-new front porch, fresh interior paint, and a new water heater. This is a turnkey investment from day one! Located just minutes from the McKinley Bridge and a short drive to Worldwide Technology Raceway, this property offers convenience and strong rental appeal. With an attractive price point and low annual taxes, this is a smart buy in a growing area. Don’t wait—schedule your showing today! Information pulled from various sources. Buyer to verify all MLS data.
  1. Listed by Erica Timko • Keller Williams Marquee

Property Details for 1534 7th Street

Architectural Style
Traditional
Waterfront
No
LISTING UPDATED: 12/01/2025 04:35 PM

Property Details for 1534 7th Street

StatusActive
MLS #25054797
Days on Market118
Taxes$1,600 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 2-4 Units
Year Built1940
Lot Size0.12 AC / 5,344 SF
CountyMadison County IL

Location

Listing Courtesy of Keller Williams Marquee
Add your commute

Building Information for 1534 7th Street

Stories-Residences2Year Built1940Building Size-Lot Size0.12 AC / 5,344 SF

Payment Calculator

$676 per month

30 year fixed, 6.28% Interest

Principal and Interest

$543

Property Taxes

$133

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1534 7th Street

Summary
Location and General Information
  • City: Madison
  • County Or Parish: Madison
  • Directions: GPS friendly!
  • Latitude: 38.683121
  • Longitude: -90.15558
  • Postal Code: 62060
  • State Or Province: IL
  • Sub division Name: Madison
  • Postal Code Plus 4: 1474
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 21-2-19-25-11-206-010
  • Tax Annual Amount: $1,600.00
  • Tax Year: 2023
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: No Driveway, Off Street
School Information
  • Elementary School: MADISON DIST 12
  • High School: Madison
  • High School District: Madison DIST 12
  • Middle Or Junior School: MADISON DIST 12
Property
Lot Information
  • Living Area: 1807.0
  • Lot Size Acres: 0.1227
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 5344.81
  • Property Condition: Updated/Remodeled
  • Property Sub Type: 2-4 Units
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 1807.0
  • Above Grade Finished Area Source: Other
  • Documents Count: 5
  • Photos Count: 18
  • Year Built: 1940
  • Disclosures: Seller Property Disclosure
  • Construction Materials: Vinyl Siding
  • Ownership Type: Private
Utilities
  • Electric: Ameren
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: None
Interior Features
  • Appliances: Gas Oven, Refrigerator, Gas Water Heater
  • Basement: Concrete, Exterior Entry, Full, Unfinished
  • Basement YN: Yes
  • Levels: One and One Half
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0
  • Cooling: Central Air, Electric
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Interior Features: Kitchen/Dining Room Combo
  • Laundry Features: In Unit
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Net Operating Income: $2,100.00
Unit 1
  • UnitType Beds Total: 3.0
Unit 2
  • UnitType Beds Total: 2.0
Rental
Rent Information
  • Existing Lease Type: Gross

Property History for 1534 7th Street

DateEvent & SourcePriceAppreciation
Aug 8, 2025

Withdrawn

MARIS #25029437

$119,900—
Aug 8, 2025

Listed (Active)

MARIS #25054797

$109,900—
Jun 18, 2025

Pending

MARIS #25029437

—
May 6, 2025

Withdrawn

MARIS #24074733

$129,900—
May 6, 2025

Listed (Active)

MARIS #25029437

$119,900—
Dec 17, 2024

Price Change

MARIS #24074733

$149,900—
Dec 17, 2024

Price Change

MARIS #24074733

$144,900—
Dec 17, 2024

Price Change

MARIS #24074733

$139,900—
Dec 17, 2024

Listed (Active)

MARIS #24074733

$129,900—
Jun 29, 2021

Closed (Public Record)

Public Record #1467653594

$37,000

-1.2% / yr

Jun 29, 2021

Closed

MARIS #21021807

$37,000—
May 26, 2021

Pending

MARIS #21021807

—
Apr 28, 2021

Active Under Contract

MARIS #21021807

—
Apr 21, 2021

Listed (Active)

MARIS #21021807

$37,000—
Dec 31, 2018

Expired

MRED #10866241

$39,999—
Jun 25, 2018

Withdrawn

MRED #10868692

$39,999—
Jun 25, 2018

Listed (Active)

MRED #10866241

$39,999—
May 21, 2018

Listed (Active)

MRED #10868692

$39,999—
Jun 2, 2003

Closed (Public Record)

Public Record #114903810

$46,000—
Jun 2, 2003

Closed (Public Record)

Public Record #114903807

$27,000—
DateEvent & SourcePrice
08/08/2025

Withdrawn

MARIS #25029437

$119,900
08/08/2025

Listed (Active)

MARIS #25054797

$109,900
06/18/2025

Pending

MARIS #25029437

—
05/06/2025

Withdrawn

MARIS #24074733

$129,900
05/06/2025

Listed (Active)

MARIS #25029437

$119,900
12/17/2024

Price Change

MARIS #24074733

$149,900
12/17/2024

Price Change

MARIS #24074733

$144,900
12/17/2024

Price Change

MARIS #24074733

$139,900
12/17/2024

Listed (Active)

MARIS #24074733

$129,900
06/29/2021

Closed (Public Record)

Public Record #1467653594

$37,000

-1.2% / yr

06/29/2021

Closed

MARIS #21021807

$37,000
05/26/2021

Pending

MARIS #21021807

—
04/28/2021

Active Under Contract

MARIS #21021807

—
04/21/2021

Listed (Active)

MARIS #21021807

$37,000
12/31/2018

Expired

MRED #10866241

$39,999
06/25/2018

Withdrawn

MRED #10868692

$39,999
06/25/2018

Listed (Active)

MRED #10866241

$39,999
05/21/2018

Listed (Active)

MRED #10868692

$39,999
06/02/2003

Closed (Public Record)

Public Record #114903810

$46,000
06/02/2003

Closed (Public Record)

Public Record #114903807

$27,000

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

Public Records for 1534 7th Street

Taxable ValueLand$1,270Additions$12,700Total$13,970
Tax Record2024$1,716 ($143 / month)
Home Facts
Total Finished SqFt1,358 SqFtAbove Grade Finished SqFt1,358 SqFtStories1Lot Size5,344 SqFtStyleDuplexYear Built1940CountyMADISONAPN21-2-19-25-11-206-010

Schools near 1534 7th Street

This home is within Madison Community Unit School District 12.
Rating
School
Type
Grades
Distance
Bernard Long Elementary School
Public - PK to 5
Madison Jr High School
Public - 6 to 8
Madison Senior High School
Public - 9 to 12
Madison Student Support Center
Public - 7 to 12
Rating
School
Distance
Bernard Long Elementary School
PublicPK to 5

Madison Jr High School
Public6 to 8

Madison Senior High School
Public9 to 12

Madison Student Support Center
Public7 to 12

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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More information about 1534 7th Street, Madison, IL 62060

1534 7th Street is a multi-family home for sale in Madison, IL 62060. This property was listed for sale on August 8, 2025 by Keller Williams Marquee, it's currently listed at $109,900. It has been on the market for a total of 118 days and was last sold on June 29, 2021. This listing's school district is Madison Community Unit School District 12. Nearby schools include Bernard Long Elementary School, Madison Jr High School and Madison Senior High School. 1534 7th Street is a 5-bed, 2-bath, 1,807 sqft multi-family home built in 1940.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Keller Williams Marquee

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/25/2025 10:46 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.