412 SW 2nd St, Madison, SD 57042
No Subdivision · Lake County
Key Facts
Description
Investment opportunity in Madison! This four-bedroom, one-bathroom residence offers opportunity for rental income or value-add renovation. The home features convenient main-floor laundry and a functional layout. Located just a short distance from downtown, the property provides easy access to shopping, dining, and local amenities—an appealing option for tenants. Property is being sold AS IS.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Two Story
Year Built
1894
Living Area
1,280 sq ft
Lot Size
0.20 acres
Lot Dimensions
50 x 170.33
Days on Market
131
MLS® Listing#
22601276
Property Features
- Appliances:
- Electric Water Heater
- Cooling:
- None
- Heating:
- Electric
- Flooring:
- Carpet, Vinyl
- Basement:
- Partial
- Lot Features:
- City Lot
- Construction:
- Wood Siding
- Roof:
- Composition
- Sewer:
- Public Sewer
- Water Source:
- Public
Rooms
- Bedroom 210x9Main
- Bedroom 311x10Upper
- Bedroom 49x10Upper
- Dining Room10x14Main
- Kitchen9x11Main
- Living Room13x14Main
- Master Bedroom11x9Main
Schools
- Elementary:
- Madison ES
- Middle:
- Madison MS
- High:
- Madison HS
HOA & Tax
- HOA:
- None
- Annual Tax:
- $1,105
- Parcel #:
- 210400080008010
Directions
Washington Ave to 2nd Street to property-Across street from Krug's Business
Affordability Calculator
$15,980
Estimated monthly payment
$425/mo
Principal $63,920 · Est. interest $89,174 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Madison, SD
- $346,154
- Median Listing Price
- 83
- Median Days on Market
- 1,814
- Median Sq Ft
- $181
- Median Price / Sq Ft
- 37
- Active Listings
- This home’s price is 77% below the area median.
- Its price per sq ft is 65% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Madison, SD.
Location
- 412 SW 2nd St, Madison, SD 57042
Nearby Schools
St Thomas School
School · 0.4 mi away
Madison Elementary School
Elementary · 0.8 mi away
Madison Christian School
School · 1.1 mi away
Madison Public Schools
School · 1.1 mi away
Madison High School
Secondary · 1.1 mi away
Madison Middle School
Secondary · 1.2 mi away
Oldham-Ramona High School - 01
Secondary · 9.5 mi away
Rutland Isd 39-4
School · 9.7 mi away
Rutland High School - 01
Secondary · 9.7 mi away
Chester Area School
School · 11.8 mi away
Chester Middle School/High School
Secondary · 11.8 mi away
Chester Middle School - 03
Secondary · 11.8 mi away
Chester Elementary School
Elementary · 11.9 mi away
Spring Lake Colony Elementary
Secondary · 16.2 mi away
Howard Elementary School
Elementary · 20.4 mi away
Howard High School
Secondary · 20.5 mi away
Tri-Valley School District 49-6
Elementary · 21.1 mi away
Tri-Valley High School - 01
Secondary · 21.1 mi away
Montrose MS 03
Secondary · 21.3 mi away
Montrose School
School · 21.3 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Madison
Listing Courtesy: Signature Realty Group LLC - Cell: 605-270-9715
Last Updated: 2026-02-25