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Listing provided courtesy of Jameson Sotheby's International RealtyMREDas Distributed by MLSGrid- MLS# 12613933MLS Provider

1506 Madison StreetEvanston, IL 60202

Multi-Family · 4 Beds
$600,000 New

1506 Madison Street Overview

Time on Site:
3 days
Visits:
0

Turnkey two-flat on a sought-after tree-lined street near Robert Crown Community Center and Washington School. Both units offer two bedrooms with tastefully updated kitchens. First-floor unit features a bonus lower-level family room with full bath. Many updates, sewer line relined to city access, separate furnaces, central air, newer roof, and refreshed appliances in both units. Fenced backyard with perennial landscaping and an oversized two-car garage. A solid, low-maintenance addition to any portfolio or a perfect live-in investment opportunity.

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1506 Madison Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 202
  • Elementary School: Washington Elementary School
  • Middle Or Junior School: Nichols Middle School
  • High School: Evanston Twp High School

Building Information

  • New Construction: No
  • Year Built: 1950

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Evanston
  • Township: Evanston

Community/Development

  • Community Features: Park, Tennis Court(s), Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $12,339.81
  • Tax Year: 2024

General Information

  • New Construction: No
  • Ownership: Fee Simple
  • Parcel Number: 10244100130000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 3
  • Bedrooms Total: 4
  • Bedrooms Possible: 4
  • Full Baths Building: 3

General Information

  • Basement: Partially Finished, Full
  • Heating: Natural Gas
  • Rooms Total: 11

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Garage
  • Parking Total: 2

Lot Information

  • Lot Size Dimensions: 124 x 40
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 2000
  • Beds Total: 2
  • Baths Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1850
  • Beds Total: 2
  • Baths Total: 1

1506 Madison Street Neighborhood

Community

60202 (EVANSTON) Demographics

39
Median Age
9,010
Population Density (per sq. mile)
67%
College Educated
$87,000
Estimated Median Income
7,102
Estimated Total Home Owners
5,784
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1506 Madison Street Monthly Cost

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$ %
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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1506 Madison Street Market Data

Based on the last 30 days in this zip code

$541,331
Average List Price
$329
Average Price per Square Foot
23
Properties Sold
40
Average Days on Market
81
Properties for Sale
Calculations provided by Reliance Network

1506 Madison Street History

Date Event Value Agent
6/26/2026Source: MRED Added to Database
June 26, 2026