555 E Madison St

—
Baths
4,800 Sq. Ft.
$120 / Sq. Ft.
4,800
Sq. Ft.
$120
per Sq. Ft.

Description

Well maintained, 10 total units including an all brick 8-plex with eight 2 BR, 1 BA units. 4-car detached garage, all brick with two 1 BR, 1 BA units above. Landlord pays for garbage, water/sewer. Two-coin operated laundry rooms. The 4-car garage offers storage or could be additional rent income--it also has a bathroom. Rent roll and expense report in Documents. New roof will be installed on the main 8-plex. Please give 24 hour notice for all showings.Well maintained, 10 total units including an all brick 8-plex with eight 2 BR, 1 BA units. 4-car detached garage, all brick with two 1 BR, 1 BA units above. Landlord pays for garbage, water/sewer. Two-coin operated laundry rooms. The 4-car garage offers storage or could be additional rent income--it also has a bathroom. Rent roll and expense report in Documents. New roof will be installed on the main 8-plex. Please give 24 hour notice for all showings.
  1. Listed by Debra Sarsany • The Real Estate Group, Inc.

Property Details for 555 East Madison Street

Parking Total
10.0
Subdivision Name
None
LISTING UPDATED: 02/13/2026 02:01 PM

Property Details for 555 East Madison Street

StatusActive
MLS #CA1041690
Days on Market3
Taxes$9,333 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1991
Lot Size0.42 AC / 18,190 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.
Add your commute

Building Information for 555 East Madison Street

Stories-Residences10Year Built1991Building Size-Lot Size0.42 AC / 18,190 SF

Payment Calculator

$3,580 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,802

Property Taxes

$778

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 555 East Madison Street

Summary
Location and General Information
  • City: Riverton
  • County Or Parish: Sangamon
  • Directions: IL-54 to 7th St., exit to Madison
  • Latitude: 39.848793
  • Longitude: -89.541044
  • MLSArea Minor: Brcly,Dwsn,Rivrtn,Spldng
  • Postal Code: 62561
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 15090476009
  • Tax Annual Amount: $9,333
  • Tax Legal Description: Per county tax records
  • Tax Year: 2024
School Information
  • High School: Riverton District #14
Parking
  • Parking Features: Detached, Guest, Parking Pad
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 4800.0
  • Lot Features: Level
  • Lot Size Dimensions: 107x170
  • Number Of Units Total: 10
  • 100 Year Plain: Unknown
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Other
  • Foundation Details: Slab
  • New Construction: No
  • Year Built: 1991
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 10
  • Number Of Gas Meters: 10
  • Numberof Water Meters: 12
  • Water Sewer Expense: $4,583
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick
Interior Features
  • Basement: None
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Interior Features: Storage
  • Laundry Features: Common Area
  • Number Of Central Air Units: 10
  • Number Of Dishwashers: 10
  • Number Of Dryers: 2
  • Number Of Heating Units: 10
  • Number Of Ranges: 10
  • Numberof Refrigerators: 10
  • Number Of Washers: 2
  • Number Of Water Heaters: 10
  • Number Of Window Units: 0
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $83,750
  • Gross Scheduled Income: $83,750
  • Insurance Expense: $5,918
  • Maintenance Expense: $2,685
  • Manager Expense: $0
  • Net Operating Income: $59,791
  • Operating Expense: $14,626
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $1,440
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: Variable

Property History for 555 East Madison Street

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Withdrawn

RMLS ALLIANCE #CA1041686

$575,000—
Feb 10, 2026

Listed (Active)

RMLS ALLIANCE #CA1041686

$575,000—
Feb 10, 2026

Listed (Active)

RMLS ALLIANCE #CA1041690

$575,000—
Oct 25, 2017

Sold

RMLS ALLIANCE #CA176216

$325,000—
Sep 18, 2017

Pending

RMLS ALLIANCE #CA176216

—
Sep 12, 2017

Listed (Active)

RMLS ALLIANCE #CA176216

$350,000—
DateEvent & SourcePrice
02/10/2026

Withdrawn

RMLS ALLIANCE #CA1041686

$575,000
02/10/2026

Listed (Active)

RMLS ALLIANCE #CA1041686

$575,000
02/10/2026

Listed (Active)

RMLS ALLIANCE #CA1041690

$575,000
10/25/2017

Sold

RMLS ALLIANCE #CA176216

$325,000
09/18/2017

Pending

RMLS ALLIANCE #CA176216

—
09/12/2017

Listed (Active)

RMLS ALLIANCE #CA176216

$350,000

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

Schools near 555 East Madison Street

This home is within Riverton Community Unit School District 14.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Riverton Elementary School
PublicPK to 4

Riverton Middle School
Public5 to 8

Riverton High School
Public9 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.

Similar Homes

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555 East Madison Street is a multi-family home for sale in Riverton, IL 62561. This property was listed for sale on February 10, 2026 by The Real Estate Group, Inc., it's currently listed at $575,000. It has been on the market for a total of 3 days and was last sold on October 25, 2017. This listing's school district is Riverton Community Unit School District 14. Nearby schools include Riverton Elementary School, Riverton Middle School and Riverton High School. 555 East Madison Street is a 0-bed, 0-bath, 4,800 sqft multi-family home built in 1991.

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 The Real Estate Group, Inc.

Based on information submitted to the MLS GRID as of 02/13/2026 02:01 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.