121 N. Liberty Ave.: Historic Two-Story Corner Lot Charm with Income Potential | ASRE
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121 N. Liberty Ave.: Historic Two-Story Corner Lot Charm with Income Potential

July 09, 2026

121 N Liberty Ave: Classic Two-Story Character on a Premier Madison Corner Lot


Front exterior view of 121 N Liberty Ave, Madison, SD

Property Address: 121 N Liberty Ave, Madison, SD 57042
Listing Price: $234,900

4
Bedrooms
2
Bathrooms
1,958
Sq. Ft.
1889
Year Built

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Spacious Generational Layout Meets Incredible Income Producing Potential

Welcome to 121 N Liberty Ave, a captivating two-story residence that beautifully pairs historic architectural scale with massive modern-day versatility. Built originally in 1889 and nestled comfortably on an impressive 10,497 square foot corner lot, this home features 1,958 finished square feet of above-grade living spaces. Shaded by mature trees and lined with ultra-durable metal steel siding, this unique property presents an incredible turn-key opportunity for growing families, multi-generational households, or savvy investors looking to add an asset with independent guest suite capabilities to their portfolio.

Welcoming Living Spaces and Traditional Dining Excellence

The expansive main floor features an inviting layout flowing seamlessly into a large formal dining room layout, complete with durable flooring and direct links to family gathering spaces. The home’s layout is grounded by a bright, oversized eat-in kitchen with custom tile backsplash accent work and plenty of storage cabinets. Significant functional enhancements have been integrated onto the primary floor, highlighted by a freshly remodeled full main-floor bathroom and a newly updated hot water heater to guarantee long-term efficiency.

Flexible Upper-Level Living Unit and Bonus Attic Space

One of the most remarkable features of this home is the highly adaptive top floor. Equipped with its own private separate secondary entrance and a fully operational separate kitchen area, the upper level can easily operate as an independent income suite, guest retreat, or standard bedroom wing. This second tier can comfortably adapt into either a 3-bedroom arrangement or a 2-bedroom design with an expansive upper living room layout. Rising above the second level is a grand, ultra-clean open attic space providing endless customized storage options.

Oversized 3-Stall Detached Garage and Dream Outdoor Deck

Outdoor enthusiasts, car collectors, and project hobbyists will fall in love with the exceptional garage infrastructure. This Madison home boasts an oversized 3-stall detached garage measuring a massive 32 x 26 feet, affording secure vehicle storage alongside dedicated workspace real estate. Just past the primary exterior entrance rests a stunning 17 x 12 foot covered outdoor deck—offering the ultimate quiet footprint for peaceful morning coffee reflection or high-energy evening backyard grilling.

Situated perfectly in the heart of Madison, this property delivers direct access to local community parks, dining hubs, and grocery centers. Families will appreciate the close proximity to top-tier local public schools, including Madison Elementary, Madison Middle School, and Madison High School. We encourage you to explore our free home buyer guide and interactive mortgage calculator to cleanly map out your next purchase step.

Frequently Asked Questions About 121 N Liberty Ave

Q: Can this property be used legally as an investment or income property?A: Yes! Because the top level incorporates an entirely separate external entrance, full kitchen facility, and individual rooms, it is uniquely structured to seamlessly function as an income-producing asset or a guest suite.
Q: What are the exact dimensions of the detached garage spaces?A: The property features a massive detached 3-stall garage measuring 32 x 26 feet, providing significant storage depth far surpassing standard multi-stall spaces.
Q: What interior and infrastructure updates have been made?A: Notable capital improvements include a beautifully remodeled full bathroom on the primary main level, a brand-new high-efficiency hot water heater, and a low-maintenance exterior wrapped in steel siding.
Q: What schools do children living at this address attend?A: This property sits in the direct zone for the Madison Central School District, placing students inside the immediate attendance pathways for Madison Elementary, Madison Middle, and Madison High School.

Claim Your Madison Corner Lot Asset Today

This rare convergence of expansive square footage, premium lot placement, an oversized three-car garage footprint, and a dual-living option makes 121 N Liberty Ave an undeniable standout in the region. Contact the expert team at Amy Stockberger Real Estate today to explore our exclusive client protection systems, VIP programs, and stress-free transitional workflows. Book your private property walkthrough tour today!

Last Updated: July 9, 2026 | MLS #22605107

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