518 1st St SE, Madison, SD 57042

$125,000 Asking Price

3 beds
2 baths
14,200  sqft
Built in 1928

Great 3 bedroom home close to Dakota State University. Perfect as an owner occupied or as an investment property. The possibilities are endless. Only 45 minutes to Sioux Falls so you don't want to miss out on this opportunity. Purchase this home for less than the cost of most apartments and gain equity at the same time. Home to be sold with adjacent Lot (legal building lot per city of Madison, to be verified by buyer).


Features & Amenities

Interior

Rooms:
includes bath and mudroom
Master Bedroom:
Main
Fireplace:
Fireplaces: 0

Exterior

General:
Metal
Style:
Ranch

Construction

Roofing:
Shingle Composition
General:
Ranch

Location

HOA Amenities:
None
School District:
Madison Central 39-2
County:
Lake

Lot

Zoning:
LOTs 15 & 16 BLK 14 TOWN PROP 2ND #581M., 21045014001501

Utilities

Water:
City Water
Sewer:
City Sewer

This listing courtesy of:
Keller Williams Realty Sioux Falls, David H Mettler

About Madison, SD

Housing

Number of Units
4,127
Median Home Value
$164,464
Median Rent
$540

32.42% of housing units are renter occupied.

13.24% are vacant.

Commute

Car
82.86%
Public Transportation
0.96%
Walk to Work
3.35%
Work from Home
10.45%
Other
1.19%

The median travel time to work is 14 minutes.

People

Population
7,946
Median Age
40.50
Median Household Size
2.59

Education

High School
29.90%
Associate’s Degree
7.18%
Bachelor’s Degree
24.02%
Graduate Degree
8.93%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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