2123 Edison Ave, Granite City, IL 62040
- $48,000
- 2,249
- SqFt
- List Price
- $48,000
- Days on Market
- 0
- MLS#
- 26059827
- Status
- ACTIVE
- Living Sq. Ft
- 2,249
- Lot Size
- 6,250
- Acres
- 0.14
- Year Built
- 1900
- Subdivision
- Granite City
- County
- Madison
- Listing Type
- Multifamily
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.
Additional Information
- School District
- Granite City DIST 9
- Elementary School
- GRANITE CITY DIST 9
- Jr. High School
- GRANITE CITY DIST 9
- Sr. High School
- Granite City
- Cooling
- Central Air
- Selling Terms
- Cash, Conventional
Mortgage Calculator
Listing courtesy of H3 Capital Real Estate, Llc.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
