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$720,000
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Property Description
Fantastic investment opportunity in the heart of Madison! This charming brick three-unit rental building is perfectly located in one of the city?s most desirable & high-demand neighborhoods. The property features a mix of units?one spacious two-bedroom, one one-bedroom, & one studio?offering versatility and broad appeal to renters. Currently, the two-bedroom & studio units are tenant-occupied, providing immediate rental income, while the one-bedroom unit is available & being marketed for short-term rental use. This allows an investor to step into an income-producing property with additional upside potential. The historic brick exterior, proximity to downtown amenities, and strong rental market in this area make this property a standout choice for seasoned or first-time investors!
Full Property Details
Full Property Details for 111 E Gilman St
General
- Sold For: $720,000
- Taxes: $8,487 (2024)
- Status: Closed
- Type: Multi-Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2007812
- Added to Site: 129 day(s) ago
Parking
- Parking Features: Outside
Location
- Municipality: Madison
- County: Dane
- Driving Directions: .
School Information
- School District: Madison
- Elementary School: Lapham/Marquette
- Middle School: Okeeffe
- High School: East
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Description/Design: 2 Stories
- Exterior Const.: Brick
- Basement Desc.: None/Slab
- Year Built: 1927
Unit Information
- Units in Building: 3
Unit 1
- Bedrooms: 2
Unit 2
- Bedrooms: 1
Unit 3
- Bedrooms: 1
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: Res
Financial Considerations
- Tax Amount: $8,487
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Sellers personal property
- Inclusions: 3 oven/stoves, 3 refrigerators
Listed by EXIT Realty HGM
Sold by DeBurgo Realty Inc
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Schools
Schools serving 111 E Gilman St
School District:Madison Metropolitan School District
| Name | Grades | Distance |
|---|---|---|
Lapham Elementary School 1045 East Dayton Street, Madison, WI 53703 | PK-2 | 0.9 mi |
O'keeffe Middle School 510 South Thornton Avenue, Madison, WI 53703 | 6-8 | 1.6 mi |
East High School, Madison, WI 2222 East Washington Avenue, Madison, WI 53704 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 111 E Gilman St
Date
Details
Price
Change
Source
10/15/2025
Sold
$720,000
-0.69%
MLS
9/09/2025
Listed
$725,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
111 E Gilman Street, Madison, WI 53703 (MLS# 2007812) is a Multi-Family property that was sold at $720,000 on October 15, 2025. Want to learn more about 111 E Gilman Street? Do you have questions about finding other Multi-Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

