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$79,900 Just Listed
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Property Description
Investor Alert!! Recently painted and some remodeling is done. This blank canvas could be used as a multi unit business downstairs and an income generating apartment upstairs. Lower level has a bathroom and two offices. The upstairs is 3 bedrooms and a bathroom. Extra storage available in the basement and back store room. There is Pontiac TIF grant money available for the front and back of the structure. Seller is motivated and says to bring him an offer!!
Full Property Details
Full Property Details for 315 W Madison St
General
- Price: $79,900
- Taxes: $1,316 (2024)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12608452
- Updated: 4/2/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Other
- Years in Business: Less than
Location
- Area: Pontiac
- County: Livingston
- Driving Directions: From Howard Street go south on Main St. then turn right. Go down Madison St. and the property is on the right hand side of the road.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 2
- Square Feet: 1,912
Lot Features
- Lot Size (Sq. Ft.): 2,579
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 20 x 120
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $6,000
- Tax Amount: $1,316
- Tax Year: 2024
Disclosures and Reports
- Property ID: 151522402014
Listed by Joan Bullard Realty, Inc.
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Schools
Schools serving 315 W Madison St
School Districts:Pontiac Community Consolidated School District 429, Pontiac Township High School District 90
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Pontiac, IL 117 West Livingston Street, Pontiac, IL 61764 | PK-1 | 0.2 mi |
Lincoln Elementary School, Pontiac, IL 514 South Main Street, Pontiac, IL 61764 | 2-3 | 0.5 mi |
Washington Elementary School, Pontiac, IL 400 North Morrow Street, Pontiac, IL 61764 | 4-5 | 0.8 mi |
Pontiac Jr High School, Pontiac, IL 600 North Morrow Street, Pontiac, IL 61764 | 6-8 | 0.8 mi |
Pontiac High School, Pontiac, IL 1100 East Indiana Avenue, Pontiac, IL 61764 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 315 W Madison St
Date
Details
Price
Change
Source
4/02/2026
Listed
$79,900
27.84%
MLS
4/26/2019
Sold
$62,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 315 W Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,316
3%
$14,235
7%
2023
$1,282
-41%
$13,317
-38%
2022
$2,167
3%
$21,546
4%
2021
$2,107
1%
$20,717
3%
2020
$2,089
49%
$20,094
5%
2019
$1,404
-1%
$19,214
-1%
2018
$1,415
—
$19,408
—
2017
$1,409
-1%
$19,389
-1%
2016
$1,422
-1%
$19,625
—
2015
$1,437
—
$19,625
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 315 W Madison St
315 W Madison Street, Pontiac, IL 61764 (MLS# 12608452) is a Business property. 315 W Madison Street is currently listed for $79,900 and was received on April 02, 2026. Want to learn more about 315 W Madison Street? Do you have questions about finding other Business real estate for sale in Pontiac? You can browse all Pontiac real estate or contact a Coldwell Banker agent to request more information.

