3 Madison Street Algonquin, IL ^$ 350,000

3 Madison Street

^$ 350,000

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Recently Listed

3 Madison Street

Algonquin, IL, 60102

^$ 350,000

Bedrooms4 Baths2.0 Sq 2,013

Monthly Estimate*

^$ 2,210

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Multi-Family Home for sale in Algonquin, IL

for $350,000 with 4 bedrooms and 2 full baths. This 2,013 square foot home was built in 1902.

In-town income property with massive capital updates! This turn-key 2-flat in Algonquin's Historic District features a vacant owner's unit and a steady $1,300 month-to-month tenant upstairs. The main unit includes a garage, neutral carpet, and French doors to a sunroom. The adorable upper unit offers a private entrance, 2 bedrooms, newer appliances, and a laundry/desk area. Over $30K in recent upgrades provides total peace of mind: 2025 roof, 2025 chimney rebuild/tuckpointing/liner/cap, 2022 furnace and AC, 2022 electrical panel, and twin water heaters (2022 & 2025). Separate electric meters. Steps to downtown dining, bike paths, and the Fox River.

Multi-Family Active

Price

^$ 350,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,793

Style

Year Built

1902

Town/City

Algonquin

County/Region

McHenry

MLS | Web ID

12718325

Features

General

Sewer Public Sewer

Heating Natural Gas Forced Air

Possession Closing Immediate

Roof Asphalt

Garage Spaces 1

Construction Materials Frame

Year Built 1902

Township Algonquin

Tax Year 2025

Ownership Fee Simple

Community Features Park Sidewalks Street Lights Street Paved

County McHenry

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 10

Status New

Directions Algonquin Road just west of the river to Harrison south to Madison east to property

High School Dundee-Crown High School

City Algonquin

High School District 300

MLS Area Algonquin

Elementary School Eastview Elementary School

Tax Annual Amount 6793.96

Middle/Junior High School Algonquin Middle School

Standard Status Active

Middle/Junior School District 300

Elementary School District 300

Interior

Basement Unfinished Stone/Rock Full

Total Bedrooms 4

Room Type Sun Room

Total Baths 2

Bedrooms Possible 4

Full Baths Building 2

Half Baths Building 0

Total Number of Units 2

Exterior

Parking Features Garage Door Opener Yes Garage Owned Attached Off Street Driveway Owned Garage

Water Source Public

Total Parking 3

Foundation Details Stone

Lot Dimensions 66 x 66

Waterfront Y/N N

Other Equipment Water Heater-Gas

* Excluded Features

List By

Re/Max Action

Broker

dtoomey@remax.net

Affordability Calculator

$2,776

Per Month

Monthly Principal & Interest: $2,210
Monthly Property Taxes: $566
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Algonquin, IL

Average List Price ^$507,250

Percent of Sale Price 45%

About Algonquin, IL

30,142 Population

27% Since 2002

^$96,413 Median Income

40.37 Median Age

36% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566166 Elementary School

564648 Middle School

Dundee-Crown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/27/2026	$350,000		Listed Price

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3 Madison Street, Algonquin, IL, 60102 is a Multi-Family Home for sale at $350,000 with 2,013 sqft. 3 Madison Street has 4 bedrooms, 2.0 baths, and was built in 1902. The property's zip code is 60102 which is in Algonquin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 8/29/2026.

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3 Madison Street

Multi-Family Home for sale in Algonquin, IL

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