708 N. Madison Street, Marion, IL

Multi-family for Sale - $299,000


Agent Info

Melissa Plant
Coldwell Banker J. David Thompson, Realty

Property Info

CIMLS#1198943
Location
  708 N. Madison Street
  Marion IL 62959
UpdatedNovember 11th, 2026
TypeMulti-family
Price$299,000

Property Description

Investment opportunity in a prime Marion location! This four-unit apartment building is conveniently located within walking distance of the Marion Square, offering easy access to shopping, dining, and local amenities. Each of the four units features 2 bedrooms and 1 bathroom. Kitchen appliances are included, along with a shared washer and dryer located in the basement for tenant convenience. The roof was replaced in 2023, providing an added benefit for the next owner. The owner currently pays Mediacom internet ($84/month), water and sewer (approximately $120/month), trash ($109/month) basement electricity for the shared laundry area, and lawn care (approximately $100/month). Tenants are responsible for their individual electric bills. With four separate living units and a desirable location, this property offers an excellent opportunity for investors looking to expand their rental portfolio or add a multi -unit property to their investment holdings


Financials