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$352,501
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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.
Full Property Details
Full Property Details for 3 Madison St
General
- Sold For: $352,501
- Taxes: $6,793 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12718325
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Water Heater-Gas
- Other Features: Historical District
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 3
- Parking Features: Garage Door Opener, Yes, Garage Owned, Attached, Off-Street, Driveway, Owned, Garage
Location
- Area: Algonquin
- County: McHenry
- Driving Directions: Algonquin Road just west of the river to Harrison south to Madison east to property
School Information
- School District: 300
- Midd School District: 300
- Elementary School: Eastview Elementary School
- Middle School: Algonquin Middle School
- High School: Dundee-Crown High School
- Private School: Dundee-Crown High School
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement Desc.: Unfinished, Stone/Rock, Full
- Foundation: Stone
- Roof: Asphalt
- Year Built: 1902
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 66 x 66
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1902
- Tax Amount: $6,793.96
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1934159007
Listed by RE/MAX Action
Sold by Nova Property Group
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Schools
Schools serving 3 Madison St
School District:Community Unit School District 300
| Name | Grades | Distance |
|---|---|---|
Eastview Elementary School, Algonquin, IL 540 Longwood Drive, Algonquin, IL 60102 | K-5 | 0.6 mi |
Algonquin Middle School, Algonquin, IL 520 Longwood Drive, Algonquin, IL 60102 | 6-8 | 0.6 mi |
Oak Ridge School 300 Cleveland Avenue, Carpentersville, IL 60110 | 9-12 | 4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
3 Madison Street, Algonquin, IL 60102 (MLS# 12718325) is a Multi-Family property that was sold at $352,501 on September 30, 2026. Want to learn more about 3 Madison Street? Do you have questions about finding other Multi-Family real estate for sale in Algonquin? You can browse all Algonquin real estate or contact a Coldwell Banker agent to request more information.

