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$285,000
Est. payment /mo
10,219 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Subdivision Central Place Add
MLS Listing ID 25013569
Construction Status 82
Year Built 1943
Building Age 82
Lot Size 10,219 Sqft
Acres 0.2346
Property Sub-Type Multi-Family 5+
Property Description
Exceptional income-producing 5-unit multi-family property, perfectly positioned for long-term growth and stability. This well-maintained property features four 1-bedroom, 1-bathroom units and one spacious 3-bedroom, 1-bathroom unit, providing a diverse rental mix! Current rental rates range from $700-$750 for the 1-bedroom units and $1,000 for the 3-bedroom unit, ensuring steady cash flow. Tenants enjoy designated parking and private storage, adding convenience and value. Recent upgrades include newer roofs and system updates completed in 2022, reducing maintenance costs and increasing efficiency.
Located near public transportation and local grocery stores, this property offers accessibility and high rental demand. With low-maintenance upkeep, this is an ideal turnkey investment for both seasoned and first-time investors.
Seize this rare opportunity to own a high-performing multi-family property in a sought-after rental location! Reach out today for more details.
Located near public transportation and local grocery stores, this property offers accessibility and high rental demand. With low-maintenance upkeep, this is an ideal turnkey investment for both seasoned and first-time investors.
Seize this rare opportunity to own a high-performing multi-family property in a sought-after rental location! Reach out today for more details.
Location
State IL
County Madison-il
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Building
Sewer Public Sewer
Water Public
Construction Status 82
Schools
Elementary Schools Granite City Dist 9
Middle Schools Granite City Dist 9
High Schools Granite City
School District Granite City Dist 9
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition No Step/Ramp Entry, Some Accessible Features, None
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Listed by LaCasey Milton • Worth Clark Realty