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Listed by John Schneider • EXIT Realty HGM
$ 725,000
Est. payment /mo
Contingent
111 E Gilman Street Madison, WI 53703
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Contingent
Purchase Type For Sale
Municipality MADISON
MLS Listing ID 2007812
Year Built 1927
Annual Tax Amount $8,487
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
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!
Location
State WI
County Dane
Zoning Res
Rooms
Basement None / Slab
Interior
Heating Natural Gas
Cooling Forced Air
Inclusions 3 oven/stoves, 3 refrigerators
Exterior
Exterior Feature Brick
Building
Dwelling Type 2 Story
Story 1 - 2
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison
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