3 Madison Street, Algonquin, IL

$350,000

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4

Beds

About 3 Madison Street

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.

Features of 3 Madison Street

MLS® # 12718325
Price $350,000
Bedrooms 4
Bathrooms 0.00
Year Built 1902
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 3 Madison Street
Area Algonquin
City Algonquin
County McHenry
State IL
Zip Code 60102

Amenities

Parking Spaces 3
Parking Garage Door Opener, Yes, Garage Owned, Attached, Off Street, Driveway, Owned, Garage
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Unfinished, Stone/Rock, Full

Exterior

Exterior Frame
Roof Asphalt
Foundation Stone

School Information

District 300
Elementary Eastview Elementary School
Middle Algonquin Middle School
High Dundee-Crown High School

Additional Information

Days on Market 5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Action

Listing Map

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