501 Madison St
Morrison, IL 61270
4 bd 2 ba 1,581 sqft Built 1905 Lot 4,800 sqft single_family
Most recent sale
$78,000
Jan 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 30, 2025 | Sold | $71,220 | MRED |
| Mar 11, 2025 | Listed | $74,000 | MRED |
| Jan 27, 2022 | Sold | $78,000 | MLS #11117838 |
| Oct 9, 2016 | Listing removed | $63,000 | QUADCITYREALTOR |
| Sep 8, 2016 | Listed | $63,000 | MLS #4175921 |
| Aug 19, 2016 | Listing removed | $59,900 | MRED |
| Feb 19, 2016 | Listed | $59,900 | MLS #09143656 |
| Oct 25, 2010 | Listing removed | $69,900 | SaukValley |
| Aug 8, 2010 | Relisted | $69,900 | MLS #113958 |
| Jul 30, 2010 | Listing removed | $69,900 | SaukValley |
| Jan 23, 2010 | Listed | $69,900 | MLS #113958 |
| Aug 31, 1998 | Sold | $57,000 | MRED |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $24,490 | $1,804 | $26,294 | $1,247 |
| 2023 | $22,296 | $1,642 | $23,938 | $1,080 |
| 2022 | $20,706 | $1,525 | $22,231 | $1,878 |
| 2021 | $20,276 | $1,493 | $21,769 | $1,829 |
| 2020 | $20,660 | $1,521 | $22,181 | $1,863 |
| 2019 | $23,332 | $1,418 | $24,750 | $2,100 |
| 2018 | $23,227 | $1,412 | $24,639 | $2,181 |
| 2017 | $22,312 | $1,356 | $23,668 | $2,026 |
| 2016 | $21,520 | $1,308 | $22,828 | $1,946 |
| 2015 | $21,600 | $1,313 | $22,913 | $1,991 |
| 2014 | $21,796 | $1,325 | $23,121 | $2,027 |
| 2013 | $22,045 | $1,340 | $23,385 | $2,040 |
| 2012 | $22,098 | $1,343 | $23,441 | $2,038 |
| 2011 | $22,600 | $1,374 | $23,974 | $2,094 |
| 2010 | $22,535 | $1,370 | $23,905 | $1,561 |
| 2009 | $22,158 | $1,347 | $23,505 | $1,464 |
| 2008 | $21,007 | $1,277 | $22,284 | $1,479 |
| 2006 | $20,397 | $1,240 | $21,637 | $1,449 |
Property facts
Year built
1905
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,581 sqft
Lot size
4,800 sqft
ZIP code
61270
City
Morrison
Street
Madison St
Coordinates
41.80415, -89.96689
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$468
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Madison St last sell?
501 Madison St most recently sold on Jan 27, 2022 for $78,000.
What is the current tax assessment for 501 Madison St?
The most recent total assessment for 501 Madison St (year 2024) is $26,294 with $1,247 in property tax.
How does 501 Madison St's assessment compare to its last sale price?
The current assessment is 66.3% below the last sale price of $78,000.
When was 501 Madison St built?
501 Madison St was built in 1905.
How does 501 Madison St compare to others on Madison St?
We track 8 other properties on Madison St. Browse the list under "Other properties on Madison St" to compare beds, baths, and sale history.
What are the property facts for 501 Madison St?
501 Madison St is a 4 bed, 2 bath, 1,581 sqft, 4,800 sqft lot single_family.
Is 501 Madison St a flip candidate?
No — 501 Madison St does not appear in our flips dataset.
Is 501 Madison St a tax-appeal candidate?
No — 501 Madison 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
-4.9%
Implied 1-yr
-19.5%
2026 Q3
$142.5K
2026 Q4
$142.5K
ZIP 61270 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Madison St