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Lisa Fabiano

lisa.fabiano@exprealty.com +1(262) 818-4578

$ 350,000

Est. payment -/mo

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New

3 Madison ST Algonquin, IL 60102

4 Beds

2 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12718325

Bedrooms 4

Year Built 1902

Annual Tax Amount $6,793

Tax Year 2025

Lot Dimensions 66 x 66

Property Sub-Type Two to Four Units

Property Description

In-town income property with massive capital updates! This turn-key 2-flat in Algonquin's Historic District features a vacant owner's unit and a steady $1,300 month-to-month tenant upstairs. The main unit includes a garage, neutral carpet, and French doors to a sunroom. The adorable upper unit offers a private entrance, 2 bedrooms, newer appliances, and a laundry/desk area. Over $30K in recent upgrades provides total peace of mind: 2025 roof, 2025 chimney rebuild/tuckpointing/liner/cap, 2022 furnace and AC, 2022 electrical panel, and twin water heaters (2022 & 2025). Separate electric meters. Steps to downtown dining, bike paths, and the Fox River.

Location

State IL

County Mchenry

Area Algonquin

Rooms

Basement Unfinished, Stone/Rock, Full

Interior

Heating Natural Gas, Forced Air

Equipment Water Heater-Gas

Fireplace N

Exterior

Garage Spaces 1.0

Community Features Park, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Frame, No

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Schools

Elementary Schools Eastview Elementary School

Middle Schools Algonquin Middle School

High Schools Dundee-Crown High School

School District 300 , 300, 300

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Dennis Toomey of RE/MAX Action