Sold
Last Sold Price
3 beds1,768 sqft
722 Iowa St, Madison, IL 62060
Multi FamilyProperty Type
0.11 acresLot Size
1935Year Built
$22/sq ftPrice per sq ft

Description

Great Investment property. Three 1 bedroom, 1 bath units with steady occupancy. New roof in 2014.Great Investment property. Three 1 bedroom, 1 bath units with steady occupancy. New roof in 2014.
  • Listed by: Debbie Cerkoski • Palm Tree Realty, Llc
Listing closed: 03/30/2018 12:00 AM • Source: MARIS, MLS#: 17045848

Recent comparable sales

Median sold price

$360,000

Avg days on market

39

Sale-to-list ratio

92.9%

Madison, IL

9 comparable properties found

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Location

Listing Courtesy of Palm Tree Realty, Llc

Sold By Keller Williams Infinity

Add your commute

Payment Calculator

$344 per month

30 year fixed, 6.71% Interest

Principal and Interest

$202

Property Taxes

$143

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 722 Iowa Street

Property Details
  • Taxes: $1,710 / year
  • MLS Type: Residential Income / Multi-Family 2-4
  • Cross Street: 7th
Building Information
  • Year Built: 1935
  • Lot Size: 0.11 AC / 4,792 SF
Summary
Location and General Information
  • City: Madison
  • County Or Parish: Madison-IL
  • Directions: S on Washington Ave toward 7th Street. 1st Right onto 7th Street. 1st Right onto Iowa. Sits on Corner.
  • Latitude: 38.684273
  • Longitude: -90.155501
  • Postal Code: 62060
  • State Or Province: IL
  • Sub division Name: Madison/Add 01
  • Postal Code Plus 4: 1372
Taxes and HOA Information
  • List AOR: Greater Gateway Association of Realtors
  • Association Fee: $.00
  • Prop Asses City Tax: 1
  • Parcel Number: 21-2-19-25-11-204-020
  • Tax Annual Amount: $1,710.00
  • Tax Legal Description: ADD #1 TO MADISON RESUBD OF BLKS 1 & 10-15 LOT 13 PT 14 37.5X127.5
  • Tax Year: 2016
Owner
  • Township: Venice
Parking
  • Attached Garage: No
  • Parking Features: On 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
  • Lot Size Acres: 0.11
  • Lot Size Dimensions: 37.5X127.5
  • Lot Size Source: County Records
  • Lot Size Square Feet: 4792.0
  • Property Condition: None
  • Property Sub Type: Multi-Family 2-4
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 1768.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 2
  • Building Desc: Other
  • Photos Count: 6
  • Videos Count: 0
  • Year Built: 1935
  • Disclosures: Unknown, Sellers Discl. Avail
  • Age: 83
  • Construction Materials: Brick Veneer, Concrete, Frame
  • Ownership Type: Private
  • BuyerFinancing: Conventional
  • OccupantType: Tenant
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Refrigerator, Range
  • Heat Source: Electric
  • Cable Available: 1
  • Cooling: Wall/Window Unit(s), Individual Units
  • Heating: Dual
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Type of Units: 3-Family
Income & Expenses
  • Net Operating Income: $12,360.00
  • Operating Expense Includes: Insurance,Water/Sewer,Taxes,Trash,Water/Sewer,Fixed Expenses
  • Total Expenses: 3240.00
Rental
Rent Information
  • Tenant Pays: Cable TV, Electricity
  • Unit Type 1 Total Rent: $450.00
  • Unit Type 2 Total Rent: $450.00
  • Unit Type 3 Total Rent: $400.00

Property History for 722 Iowa Street

DateEvent & SourcePriceAppreciation
Mar 30, 2018

Closed (Public Record)

Public Record #620106225

$39,000

+36.7% / yr

Mar 30, 2018

Closed

MARIS #17045848

$39,000
Mar 29, 2018

Closed

MARIS #17045848

$45,000
DateEvent & SourcePrice
03/30/2018

Closed (Public Record)

Public Record #620106225

$39,000

+36.7% / yr

03/30/2018

Closed

MARIS #17045848

$39,000
03/29/2018

Closed

MARIS #17045848

$45,000

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

Public Records for 722 Iowa Street

Taxable ValueLand$1,070Additions$15,530Total$16,600
Tax Record2025$1,923 ($160 / month)
Home Facts
Baths3Total Finished SqFt884 SqFtAbove Grade Finished SqFt884 SqFtStories2Lot Size4,781 SqFtStyleTriplexYear Built1935Year Renovated1935CountyMADISONAPN21-2-19-25-11-204-020

Schools near 722 Iowa Street

This home is within Madison Community Unit School District 12.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 722 Iowa Street, Madison, IL 62060
$39,000
3
1,768
4,792
$11,000
2
1
912
4,781
$59,000
2
1
1,008
6,375
$25,000
3
843
4,781
2
1
1,387
4,781
3
1,288
6,970

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Palm Tree Realty, Llc

Based on information submitted to the MLS GRID as of 04/10/2020 05:25 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.