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1720 5th Street, Madison, IL, 62060

Unique opportunity with a vacant rear house! This property offers the flexibility of a charming 2-story main home plus a separate 1-bedroom, 1-bath rear house. Whether you're an investor looking for potential rental income or a homeowner wanting additional space, this property offers plenty of possibilities. The main level welcomes you through the foyer and features a spacious living room with large windows, a separate dining room, and a kitchen with ample cabinetry and workspace. Upstairs, you’ll find three bedrooms, including a primary bedroom, along with a full bathroom. The unfinished basement provides additional storage and usable space with plenty of potential for future improvements. The separate rear house adds even more flexibility. the 1-bedroom, 1-bath space could potentially be used as a guest suite, additional living space, or rental opportunity, making this property particularly attractive to investors and buyers looking for added value. Need TLC, but with the right hands, vision, and some updating, this property has the potential to become a beautiful home and/or income-producing property. Seller selling the property AS-IS.

Subdivision: Addition 02/Madison

List Price

$ 145,000

Status

Active

Days on market

0

MLS#

26061379

Bedrooms

3

Full baths

2

Sq. Ft. Above

1,456

Subdivision

Addition 02/Madison

School District

Madison DIST 12

County

Madison-IL

Property Type

Residential

Style

Traditional

Type

Residential

Additional Information

Property Tax (2025)

$2,031

Recent Nearby Sales in 62060

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
817 Iowa Street, Madison, IL 62060 3/1 934 $28,000 $26,500
94.6% of ask
Sep 4, 2026
1735 Rhodes Street, Venice, IL 62060 4/2 1,284 $112,000 $115,000
102.7% of ask
Jul 22, 2026
1833 3rd Street, Venice, IL 62060 0/0 -- $175,000 $100,000
57.1% of ask
Jul 1, 2026
2013 4th St, Madison, IL 62060 4/3 1,601 $119,000 $119,000
100% of ask
Jun 26, 2026
1835 Market Street, Madison, IL 62060 3/1 1,346 $49,900 $40,000
80.2% of ask
Jun 25, 2026
1217 Market Street, Madison, IL 62060 0/0 -- $119,900 $65,000
54.2% of ask
Jun 24, 2026

Price & Listing History

Listed for sale
Sep 24, 2026 at $145,000
Current status: Active
As of Sep 24, 2026 · $145,000

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