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 |
| Taxes | $6,794 |
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 |
| New Construction | 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
| Office | RE/MAX Action |
|---|