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$350,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • 1 Car Garage
  • Updated 7 hours ago
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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 for 3 Madison St

General

  • Price: $350,000
  • Taxes: $6,793 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12718325

Rental Information

  • Complex Features: Park, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 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
  • Township: Algonquin
  • Driving Directions: Algonquin Road just west of the river to Harrison south to Madison east to property

School Information

  • School District: 300
  • Elem School District: 300
  • Midd School District: 300
  • High 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

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Frame
  • Exterior Const.: Frame
  • Basement: Yes
  • 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
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1934159007

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Schools serving 3 Madison St

School District:Community Unit School District 300
NameGradesDistance
Eastview Elementary School, Algonquin, IL
540 Longwood Drive, Algonquin, IL 60102
K-50.6 mi
Algonquin Middle School, Algonquin, IL
520 Longwood Drive, Algonquin, IL 60102
6-80.6 mi
Oak Ridge School
300 Cleveland Avenue, Carpentersville, IL 60110
9-124 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 3 Madison St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,386
4%
$81,638
12%
2023
$6,112
100%
$73,015
18%
2022
-100%
$61,641
7%
2021
$5,096
—
$57,426
4%
2021
$5,096
5%
$55,393
4%
2019
$4,868
4%
$53,018
8%
2018
$4,668
2%
$48,978
6%
2017
$4,595
1%
$46,140
7%
2016
$4,551
1%
$43,275
7%
2015
$4,485
-6%
$40,588
-3%
2014
$4,772
2%
$41,795
-4%
2013
$4,670
2%
$43,637
-6%
2012
$4,568
—
$46,517
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3 Madison Street, Algonquin, IL 60102 (MLS# 12718325) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 3 Madison Street is currently listed for $350,000 and was received on August 27, 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.

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