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$ 48,000
Est. payment /mo
Active
2123 Edison AVE Granite City, IL 62040
2,249 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,249 sqft
Price per Sqft $21
Subdivision Granite City
MLS Listing ID 26059827
Style Other
Year Built 1900
Annual Tax Amount $2,301
Lot Size 6,250 Sqft
Acres 0.1435
Property Sub-Type 2-4 Units
Property Description
Affordable four-unit multifamily investment opportunity in Granite City, Illinois, offered at $48,000. The property features a 2,249 SF two-story brick building on a 50' x 125' lot and is currently 25% occupied, with one occupied unit and three vacant units. The current tenant pays $635 per month, providing immediate income while leaving significant upside through lease-up of the remaining units. At just $12,000 per unit, this property offers a compelling value-add opportunity for an investor seeking a low-cost multifamily acquisition with room to increase occupancy and revenue. 2025 real estate taxes are approximately $2,300.64.
Location
State IL
County Madison
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Granite City Dist 9
Middle Schools Granite City Dist 9
High Schools Granite City
School District Granite City Dist 9
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Brendan Barone • H3 Capital Real Estate, Llc
NEARBY SCHOOLS & PROPERTIES
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