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Listing view 3

201 S Madison Street, 
Lincoln, IL 62656

$150,000

—

Bed

—

Bath

1,696

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Seth Goodman

Me Realty

217-735-5424

Last updated:

September 3, 2026, 10:17 PM

MLS#

CA1046253

Source:

IL CAAR

About This Home

201 S Madison Street

Situated on a spacious corner lot, this handsome side by side single story duplex makes a great place to call home while allowing the other side to contribute toward the mortgage -- or would be a choice property to add to your investment portfolio while you rent out both sides and collect monthly rent! Each unit boasts a large front facing living room, equipped eat-in kitchen, convenient laundry/mudroom area, two comfortably sized bedrooms, and a full hall bath. Each unit also features an attached garage and a covered rear porch/patio. Vinyl replacement windows, vinyl siding, and an architectural roof are added perks. 203 side currently rents for $800.00 month -- tenant pays all utilities except for sewer. 201 side is vacant and will be left vacant for ease of showings -- will allow for immediate occupancy upon settlement! Rare opportunity at a price that makes it hard to pass up -- ACT SWIFTLY!

Home Facts

Multi-Family

Built in 1977

Subdivision & Development:

None

Price Summary

150,000

$88 per Sq. Ft.

MLS #:

CA1046253

Last Updated:

September 3, 2026, 10:17 PM

Added:

2 day(s) ago

Rooms & Interior

Interior

Living Area:

1,696 Sq. Ft.

Structure

Structure

Building Area:

1,696 Sq. Ft.

Year Built:

1977

Finances & Disclosures

Finances

Price:

$150,000

Price per Sq. Ft:

$88 per Sq. Ft.

Source:IL CAAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.