Investment Opportunity: Two Homes on One Lot – Sold As-Is!
This property offers fantastic potential for investors or buyers with a vision! Featuring two separate 1-bedroom, 1-bathroom homes, this unique listing is ready for your creative touch.
House #1 (Front Home):
Includes 1 bedroom, 1 bathroom, a kitchen, and a living room.
Offers a full basement, providing additional space for storage or potential upgrades.
House #2 (Back Home):
A cozy 1-bedroom, 1-bathroom layout with a kitchen and living room, perfect as a guest house or rental property.
Both homes require repairs and updates, but the possibilities are endless—fix and flip for a profit or create a cash-flowing rental property.
Please note: This property is being sold as-is. The sellers will not make any repairs.
Don’t miss this chance to turn potential into profit. Schedule your showing today!
Closed
Listing Provided by:
Kenbra Knight 618-709-0869,
Century 21 Bailey & Company
Bought with: Keller Williams Marquee
$39,000
1218 Iowa St, Madison, IL 62060
1beds
779sqft
Single Family Residence
Built in 1922
5,736.85 Square Feet Lot
$40,800 Zestimate®
$50/sqft
$866 Estimated rent
Home value
$40,800
$36,000 - $46,000
$866/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 28, 2025 at 05:36pm
Listing Provided by:
Kenbra Knight 618-709-0869,
Century 21 Bailey & Company
Bought with:
Gary Seid, 2018043269
Keller Williams Marquee
Source: MARIS,MLS#: 25001673
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Heating
- Other
Cooling
- Other
Appliances
- Included: Other
Features
- Basement: Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 779
- Total interior livable area: 779 sqft
- Finished area above ground: 779
Property
Features
- Levels: One
Lot
- Size: 5,736 sqft
- Dimensions: 45 x 127.5
Details
- Parcel number: 212192507201028
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Other
Condition
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Madison
- Subdivision: Granity City
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Private
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2025 | Sold | $39,000-29.1%$50/sqft |
Source:  MARIS #25001673 | ||
| 3/14/2025 | Pending sale | $55,000$71/sqft |
Source: MARIS #25001673 | ||
| 2/28/2025 | Price change | $55,000-8.3%$71/sqft |
Source: MARIS #25001673 | ||
| 1/17/2025 | Listed for sale | $60,000$77/sqft |
Source: MARIS #25001673 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,887 +7.3% | $15,360 +14.2% |
| 2023 | $1,758 +6.1% | $13,450 +13% |
| 2022 | $1,657 +1.7% | $11,900 +6.2% |
Find assessor info on the county website
Neighborhood: 62060
Nearby schools
GreatSchools rating
- NAPrather Elementary SchoolGrades: PK-KDistance: 1.8 mi
- 3/10Coolidge Middle SchoolGrades: 7-8Distance: 2.7 mi
- 2/10Granite City High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Madison Dist 12
- Middle: Madison Dist 12
- High: Madison
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.