Fantastic investment opportunity in the heart of Madison! This charming brick three-unit rental building is perfectly located in one of the city?s most desirable & high-demand neighborhoods. The property features a mix of units?one spacious two-bedroom, one one-bedroom, & one studio?offering versatility and broad appeal to renters. Currently, the two-bedroom & studio units are tenant-occupied, providing immediate rental income, while the one-bedroom unit is available & being marketed for short-term rental use. This allows an investor to step into an income-producing property with additional upside potential. The historic brick exterior, proximity to downtown amenities, and strong rental market in this area make this property a standout choice for seasoned or first-time investors!
Closed
$720,000
111 East Gilman Street, Madison, WI 53703
4beds
--sqft
Multi Family
Built in 1927
-- sqft lot
$688,500 Zestimate®
$--/sqft
$2,685 Estimated rent
Home value
$688,500
$654,000 - $723,000
$2,685/mo
Zestimate® history
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$3,932/mo
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Zillow last checked: 7 hours ago
Listing updated: October 16, 2025 at 08:21pm
Listed by:
John Schneider,
EXIT Realty HGM
Bought with:
Patrick Burke
Source: WIREX MLS,MLS#: 2007812
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: None / Slab
- Has fireplace: No
Property
Parking
- Parking features: Outside
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791 sqft
Details
- Parcel number: 070914404101
- Zoning: Res
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $720,000-0.7% |
Source:  WIREX MLS #2007812 Report a problem | ||
| 9/17/2025 | Contingent | $725,000 |
Source: WIREX MLS #2007812 Report a problem | ||
| 9/9/2025 | Listed for sale | $725,000+20.8% |
Source: WIREX MLS #2007812 Report a problem | ||
| 7/16/2025 | Sold | $600,000+95.1% |
Source: Public Record Report a problem | ||
| 12/18/2008 | Sold | $307,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,774 +4% | $499,300 +7% |
| 2023 | $9,401 | $466,600 +5% |
| 2022 | -- | $444,400 +5% |
Find assessor info on the county website
Neighborhood: Capitol
Nearby schools
GreatSchools rating
- NALapham Elementary SchoolGrades: PK-2Distance: 0.9 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 1.6 mi
- 8/10East High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Lapham/Marquette
- Middle: Okeeffe
- High: East
- 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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Estimated market value
$688,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$688,500
- Wisconsin
- Dane County
- Madison
- 53703
- Capitol
- 111 East Gilman Street