$48,000
2123 Edison Avenue
Granite City, IL 62040 · MLS#: 26059827
Listing brokerage: H3 Capital Real Estate, Llc · 618-622-3343 · Agent: Brendan Barone
About this home
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.
Property details
- County
- Madison
- Subdivision
- Granite City
- Lot size
- 0.1435 acres
- Days on market
- 0
- Annual taxes
- $2,301
- Cooling
- Central Air
- Style
- Other
Schools
- School district
- Granite City DIST 9
- Elementary
- GRANITE CITY DIST 9
- Middle
- GRANITE CITY DIST 9
- High
- Granite City
Location
Listing courtesy of H3 Capital Real Estate, Llc · MLS#: 26059827. Data provided by MARIS MLS; deemed reliable but not guaranteed.