Madison County, Granite City, IL 62040
4 bd4 ba1,692 sfBuilt 1920
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
Median of 10 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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