This home's estimate is 47.5% higher than the average sale price ($84K) of 6 comparable homes.
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1616 4th, Madison, IL 62060
About this home
The savvy investor can see great potential in this property. There is a duplex in the front and a single home at the back of the lot, perfect for an experienced investor or for the first time investor wanting rental property. This as-is sale offers an incredible opportunity with just some general renovations. Some clean out needed but not bad. The duplex units offer a large living/dining area with a half bath off the kitchen. The back house is great for a private residence. There is covered parking at the rear of the units. Laundry hook-ups available in the basement of the duplex. The units could be updated and ready to market in a reasonable amount of time. Well kept street with established neighbors. Please note, the property is sold in its current condition, with inspections solely for informational purposes.
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Market trends in 62060, IL
Last updated September 2026
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Sale history for 1616 4th
Tax history for 1616 4th
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Carport - 1-2 Car, Covered
Interior
- Heating & Cooling
- Has Heating
- Heating Information: Forced Air
- Cooling Information: Electric
- Multi-Family Financial Information
- Operating Expense Includes: None, Other
- Unit Type 1 Information
- # of Bedrooms: 3
- Unit Type 2 Information
- # of Bedrooms: 3
Exterior
- Property Information
- Ownership Type: Private
- Property Type: Residential Income
- Property Sub Type: Multi-Family 2-4
- Lot Information
- Lot Size Dimensions: 50x142
Financial
- Tax Information
- Tax Annual Amount: $4,131
- Tax Year: 2023
- Lease / Rent Details
- Tenant Pays: Other
Utilities
- Utility Information
- Water Source: Public
- Sewer: Public Sewer
Location
- School Information
- Elementary School: MADISON DIST 12
- Middle Or Junior High School: MADISON DIST 12
- High School: Madison
- High School District: Madison DIST 12
Public facts
- Beds: 5
- Baths: —
- Sq. Ft.: 2,560
- Stories: 2.0
- Lot Size: 7,125 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1940
- Year Renovated: —
- County: Madison County
- APN: 212192515403012
Other
- Listing Date Information
- Expected Active Date: Thursday, October 3, 2024
Around this home
Schools
Public PreK-5 • Assigned • 0.7mi
Public 6-8 • Assigned • 0.7mi
Public 9-12 • Assigned • 0.7mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 108° expected this year, 21 days in 30 years
1% chance of strong winds in next 30 years
5 unhealthy days expected this year, 6 days in 30 years
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.
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Nearby similar homes
Home values near 1616 4th
| Address | Redfin Estimate |
|---|---|
3 Beds | - Baths | 1100 Sq. Ft. | $56,234 |
3 Beds | - Baths | 2524 Sq. Ft. | $94,841 |
| Address | Redfin Estimate |
|---|---|
3 Beds | - Baths | 1904 Sq. Ft. | $84,387 |
2 Beds | - Baths | 986 Sq. Ft. | $50,316 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 1 Baths | 1746 Sq. Ft. | $83,791 |
3 Beds | - Baths | 1386 Sq. Ft. | $90,507 |
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