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511 W Madison Street Auburn, IL 62615 • Multi Unit - Multiple • Pending

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Description

Solid up/down 2-unit income property located in a quiet rural community, offering a straightforward layout & dependable rental potential. The property features separate upper & lower units with strong rental history, currently bringing in $1,250/month combined. The upstairs unit was fully remodeled in 2025 with new cabinetry, flooring, paint & updated bath fixtures, while the lower unit offers a functional 2 bed, 1 bath layout. An unfinished basement provides additional storage space for tenants. With consistent income, recent updates & a simple setup, this is a practical addition to any portfolio or a great option for owner-occupant investors.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Sangamon
High School: Auburn District #10
Subdivision: None
Listed By:
The Real Estate Group, Inc. Mobl: 217-741-4040
RMLSA
$49,900
Est. $402/mo
Pending
BEDS0 BATHS0 MLS#CA1042619
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNone SCHOOLAuburn District #10
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Curtis Dosland
 (563) 212-0545

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511 W Madison Street, Auburn, IL 62615.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $49,900$49,900$49,900
Down Payment $9,980$1,747$12,475
Monthly Mortgage Amount $233$294$303
Taxes $69$69$69
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$22$0
Monthly Estimated Total $402$485$472

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