Available
$42,000(ARV: $150,000)28% of ARV

Madison County, Granite City, IL 62040

4 bd4 ba1,692 sfBuilt 1920

17 days ago

Gross spread$108,000

Description

Investors, if you've been searching for a turnkey, income-producing asset that generates returns from Day 1 without the headaches of renovation — your search ends here. We're bringing to market an exceptional 4-unit multifamily property at 2205-2207 Grand Ave, Granite City, IL 62040 — a brick-built, cash-flowing rental powerhouse priced at an aggressive $42,000. With $3,400/month in rental income and a staggering 2.4% monthly ROI, this deal is built for the serious buy-and-hold investor who understands the power of leverage and passive income. Brick Construction = Durability & Low Maintenance. No vinyl siding repairs, no constant exterior upkeep. Brick buildings stand the test of time and keep your maintenance costs lean while maximizing net returns. Separate Meters = Investor-Friendly Setup. Each unit has its own water and electric meter. Tenants pay their own utilities, keeping your operating costs predictable and your bottom line clean. 4 Doors = Diversified Risk. Unlike a single-family rental where one vacancy = zero income, four units mean you're never fully exposed. If one tenant moves out, three others keep your cash flowing. Location That Renters Want. Granite City sits in the heart of the Metro East St. Louis corridor — minutes from major highways, employers, shopping, and schools. Strong rental demand in this corridor keeps vacancy rates low and quality tenants consistent.

$/sqft vs market

This deal$25/sqft
Market median$83/sqft
Difference70% below

Median of 10 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms4
Bathrooms4
Square feet1,692
Lot size6,273 sf
Year built1920
ConditionTurn Key
OccupancyVacant
ParkingAssigned

Systems & condition

Roof age4-10 yrs
HeatingHeat pump · 6-10 yrs
Air conditioningCentral AC
FoundationOther
Foundation conditionGood

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing90
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