Check out this awesome investment opportunity, Property already has a tenet placed renting for $550 a month. Seller prefers to sell this lot as a package with 3 other properties. MLS ID#24073197, MLS ID#24073194, MLS ID#24073196 Properties are sold AS-IS.
Multi-familyProperty Type
1940Year Built
6,375 sq ftLot Size
$56Est. Price/Sq.Ft.
Listed by Mathew Hemenway• Keller Williams Marquee
Bought with Default Zmember• Zdefault Office
Source:MARIS as Distributed by MLS Grid #24073193
Redfin Estimate
$73,192
$48K since sold in October 2025$3,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 42.8% lower than the average sale price ($128K) of 5 comparable homes.
Check out this awesome investment opportunity, Property already has a tenet placed renting for $550 a month. Seller prefers to sell this lot as a package with 3 other properties. MLS ID#24073197, MLS ID#24073194, MLS ID#24073196 Properties are sold AS-IS.
Year
Property tax
Land + Additions
Assessment*
2025
$1,430 (+4.3%)
$1,750 + $10,600
$12,350
2024
$1,371 (+7.3%)
$1,750 + $10,600
$12,350
2023
$1,277 (+6.1%)
$1,580 + $9,580
$11,160
2022
$1,203 (+1.7%)
$1,220 + $7,420
$8,640
2021
$1,183 (+3.0%)
$1,220 + $7,420
$8,640
2019
$1,149 (−1.8%)
$1,150 + $6,990
$8,140
2018
$1,170 (−4.9%)
$1,140 + $6,640
$7,780
2017
$1,230 (+1.7%)
$1,340 + $7,800
$9,140
2016
$1,209 (+0.9%)
$1,340 + $7,800
$9,140
2015
$1,198 (+2.7%)
$1,330 + $7,790
$9,120
2013
$1,166
$1,320 + $7,730
$9,050
Tax history for 1012 Iowa St
Year
Property tax
Land + Additions
Assessment*
2025
$1,430 (+4.3%)
$1,750 + $10,600
$12,350
2024
$1,371 (+7.3%)
$1,750 + $10,600
$12,350
2023
$1,277 (+6.1%)
$1,580 + $9,580
$11,160
2022
$1,203 (+1.7%)
$1,220 + $7,420
$8,640
2021
$1,183 (+3.0%)
$1,220 + $7,420
$8,640
2019
$1,149 (−1.8%)
$1,150 + $6,990
$8,140
2018
$1,170 (−4.9%)
$1,140 + $6,640
$7,780
2017
$1,230 (+1.7%)
$1,340 + $7,800
$9,140
2016
$1,209 (+0.9%)
$1,340 + $7,800
$9,140
2015
$1,198 (+2.7%)
$1,330 + $7,790
$9,120
2013
$1,166
$1,320 + $7,730
$9,050
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Bathroom Fixtures: 10
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Exterior
Exterior Information
Physical Condition: Fair
Building Construction Quality: Fair
Exterior Wall: Vinyl
Property Information
Subdivision Name: AMENDED SUB
Living Sq. Ft: 1,298
Building Sq. Ft: 1,298
# of Stories: 1
Legal Description: AMENDED SUBD ADD #1 TO MADISON BLKS 2-9 LOT 46 47 50X127.5
Lot Information
# of Buildings: 1
Land Sq. Ft: 6,375
Legal Lot Number: 46
Legal Block Number: 2
Municipality Name: VENICE
Acres: 0.1463
Depth Footage: 127.5
Front Footage: 50
County Use Description: TWO UNIT
Financial
Assessor Information
Assessment Year: 2025
Tax District County: MADISON CITY; METRO EAST SANIT
Public facts
Beds: 2
Baths: —
Sq. Ft.: 1,298
Stories: 1.0
Lot Size: 6,375 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1940
Year Renovated: —
County: Madison County
APN: 212192507205004
Home facts updated by county records on Jul 21, 2026
Around this home
Schools
Bernard Long Elementary School
Public PreK-5 • Assigned • 0.6mi
2/10
Madison Junior High School
Public 6-8 • Assigned • 0.7mi
5/10
Madison Senior High School
Public 9-12 • Assigned • 0.7mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 108° expected this year, 21 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Madison, IL • 62060
Average low and high temperatures (°F)
39
23
48
29
67
43
73
53
77
58
87
69
92
74
88
68
86
62
75
52
59
42
47
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 4.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9.8 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$70,000 – $85,000
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