123 Cherry St
Madison, IL 62048
4 bd 1 ba 1,366 sqft Built 1940 Lot 4,200 sqft single_family
Most recent sale
$45,000
Mar 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 9, 2023 | Listed for rent | $1,200 | AppfolioUnits |
| Jan 8, 2023 | Listed for rent | $1,200 | Zumper |
| Mar 10, 2022 | Sold | $45,000 | MLS #22011632 |
| Feb 28, 2022 | Listed | $45,000 | MLS #22011632 |
| Jan 1, 2022 | Listing removed | $74,850 | MARIS |
| Feb 11, 2021 | Sold | $20,000 | MLS #20057992 |
| Aug 18, 2020 | Listed | $34,900 | MLS #20057992 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $19,860 | $1,290 | $21,150 | $1,668 |
| 2023 | $19,860 | $1,290 | $21,150 | $1,579 |
| 2022 | $17,080 | $1,110 | $18,190 | $1,492 |
| 2021 | $15,920 | $1,030 | $16,950 | $1,438 |
| 2019 | $14,870 | $960 | $15,830 | $1,356 |
| 2018 | $14,130 | $910 | $15,040 | $815 |
| 2017 | $14,130 | $910 | $15,040 | $757 |
| 2016 | $13,790 | $890 | $14,680 | $721 |
| 2015 | $13,790 | $890 | $14,680 | $714 |
| 2014 | $13,640 | $880 | $14,520 | $684 |
| 2013 | $13,840 | $890 | $14,730 | $19 |
| 2009 | $14,510 | $930 | $15,440 | $19 |
| 2007 | $13,310 | $860 | $14,170 | $19 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
4
Baths
1
Living area
1,366 sqft
Lot size
4,200 sqft
ZIP code
62048
City
Madison
Street
Cherry St
Coordinates
38.83897, -90.09688
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$270
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 123 Cherry St last sell?
123 Cherry St most recently sold on Mar 10, 2022 for $45,000.
What is the current tax assessment for 123 Cherry St?
The most recent total assessment for 123 Cherry St (year 2024) is $21,150 with $1,668 in property tax.
How does 123 Cherry St's assessment compare to its last sale price?
The current assessment is 53.0% below the last sale price of $45,000.
When was 123 Cherry St built?
123 Cherry St was built in 1940.
How does 123 Cherry St compare to others on Cherry St?
We do not currently track other properties on Cherry St.
What are the property facts for 123 Cherry St?
123 Cherry St is a 4 bed, 1 bath, 1,366 sqft, 4,200 sqft lot single_family.
Is 123 Cherry St a flip candidate?
Yes — 123 Cherry St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 123 Cherry St a tax-appeal candidate?
No — 123 Cherry St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.0%
Implied 1-yr
+20.1%
2026 Q3
$133.5K
2026 Q4
$138.5K
ZIP 62048 — Median Price History + Forecast
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Geography