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Listed by: Berkshire Hathaway HomeServices Select Properties • Sandie F LaMantia • 618-978-2384

$520,000

1906 Rhodes St, Madison, IL 62060

1beds

1baths

2,250sqft

$3,695/mo

Get pre-qualified

Multi Family

Built in 1965

-- sqft lot

$-- Zestimate^®

$231/sqft

$-- HOA

What's special

New bathroom vanitiesUpdated lightingLvp flooring throughout

Turnkey investment property featuring two buildings with four 1 bed/1 bath units in each building. 50% of the units have been updated with LVP flooring throughout, stainless steel appliances in the kitchen, updated lighting, new tub/shower surround, and new bathroom vanities. AC was replaced in the last two years. Windows and exterior doors were replaced in 2025, new attic insulation in 2025, crawlspace vapor barrier and rim joist insulation added in 2025—great opportunity to add to or start a rental portfolio. Purchase includes both buildings, and Seller will not divide. Pre-approved buyers only; 48-hour notice required for all showings. Seller will be present for all showings. Showings are dependent on tenant availability.

7 days
37
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1

Heating

Forced Air

Cooling

Wall/Window Unit(s)

Appliances

Included: Free-Standing Electric Range, Refrigerator
Laundry: None

Features

Flooring: Laminate, Luxury Vinyl
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,250
Total interior livable area: 2,250 sqft
Finished area above ground: 2,250
Finished area below ground: 0

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Features

Levels: One

Details

Parcel number: 172203005106026
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Multi Family

Materials

Brick
Foundation: Block
Roof: Architectural Shingle

Condition

Year built: 1965

Utilities & green energy

Electric: Ameren
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Beckwith & Mccasland Subd

HOA

Has HOA: No

Location

Region: Madison

Financial & listing details

Price per square foot: $231/sqft
Tax assessed value: $55,320
Annual tax amount: $2,289
Date on market: 9/4/2026
Listing terms: Cash,Conventional
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/4/2026	Listed for sale	$520,000+550.8%$231/sqft
Source: MARIS #26055184 Report a problem
10/19/2013	Listing removed	$79,900+17.5%$36/sqft
Source: CENTURY 21 Bailey & Co. #4111409 Report a problem
10/15/2013	Sold	$68,000-14.9%$30/sqft
Source: MARIS #4111409 Report a problem
10/24/2012	Price change	$79,900-5.9%$36/sqft
Source: CENTURY 21 Bailey & Co. #4111409 Report a problem
10/2/2012	Price change	$84,900-5.6%$38/sqft
Source: CENTURY 21 Bailey & Co. #4111409 Report a problem
9/7/2012	Listed for sale	$89,900$40/sqft
Source: Besserman Realty Inc. dba Century 21 Bailey and Co. #4111409 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,206 +7.1%	$18,440 +14.8%
2023	$2,060 +3.4%	$16,060 +10.2%
2022	$1,993 +0.6%	$14,580 +5.2%
2021	$1,980 +0.7%	$13,860 +3.4%
2020	$1,967 +3.6%	$13,410 +3%
2019	$1,898	$13,020 +6.1%
2018	--	$12,270
2017	$1,640 +1%	$12,270
2016	$1,624	$12,270 -0.4%
2015	$1,624	$12,320
2014	$1,624	$12,320 -2.7%
2013	$1,624	$12,660 -10%
2012	--	$14,070 -9.6%
2011	--	$15,570 -1.4%
2010	--	$15,790 +4.2%
2009	--	$15,160 +36.2%
2007	--	$11,130 -29.4%
2005	--	$15,770 +13.5%
2004	$778 +4.9%	$13,890 +93.5%
2003	$741 +7.8%	$7,180 +7%
2002	$688	$6,710 +6%
2001	--	$6,330 -48.7%
2000	$1,265	$12,330