Discover the perfect investment opportunity! This charming home is complete with hardwood floors, large windows that let in tons of natural light, coin laundry on site, and parking. This home is ideally located near Edgewood, UW Madison, UW Hospitals, downtown, parks, the zoo, and bus lines. Enjoy the flexibility to add a garage, an ADU, and create a third unit in the lower level, maximizing rental income potential. Income leases are secured through August 2025, offering immediate returns. Landlord currently pays for basement utilities.
Closed
$543,000
1631 Jefferson Street, Madison, WI 53711
4beds
1,729sqft
Multi Family
Built in 1949
-- sqft lot
$567,700 Zestimate®
$314/sqft
$2,883 Estimated rent
Home value
$567,700
$522,000 - $613,000
$2,883/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 07, 2024 at 08:06pm
Listed by:
Mike Coke Team info@tfmwisconsin.com,
Terra Firma Realty
Bought with:
Melissa Legrand
Source: WIREX MLS,MLS#: 1981319
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Appliances
- Included: Water Softener
Features
- Basement: Full,Concrete
- Has fireplace: No
Interior area
- Total structure area: 1,729
- Total interior livable area: 1,729 sqft
Property
Parking
- Parking features: Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791 sqft
Details
- Parcel number: 070922410108
- Zoning: TR-C4
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1949
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters, Separate Gas Meters
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2024 | Sold | $543,000-0.4%$314/sqft |
Source:  WIREX MLS #1981319 | ||
| 8/2/2024 | Contingent | $545,000$315/sqft |
Source: WIREX MLS #1981319 | ||
| 7/23/2024 | Listed for sale | $545,000+36.3%$315/sqft |
Source: WIREX MLS #1981319 | ||
| 4/15/2022 | Sold | $400,000$231/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,378 +4% | $428,000 +7% |
| 2023 | $8,059 | $400,000 +3.8% |
| 2022 | -- | $385,400 +12% |
Find assessor info on the county website
Neighborhood: Vilas
Nearby schools
GreatSchools rating
- 9/10Randall Elementary SchoolGrades: 3-5Distance: 0.3 mi
- 8/10Hamilton Middle SchoolGrades: 6-8Distance: 2.3 mi
- 9/10West High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Franklin/Randall
- Middle: Hamilton
- High: West
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$567,700
2% more+ $11,354
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$579,054