Courtesy: Coldwell Banker Brown Realtors
618-667-3404
Unique opportunity in Granite City! Currently configured as four income-producing units, this versatile property offers multiple possibilities for investors, owner-occupants, or those seeking a multi-generational living arrangement. The main residence features a spacious 2-bedroom, 2-bath layout with a living room, kitchen, and full basement. The upper level offers a separate 1-bedroom, 1-bath living space complete with its own kitchen, breakfast nook, and living area. A detached two-story garage building includes a one-car garage and two additional efficiency-style living spaces, each with a private bath. Currently utilized as four separate rental units, the property generates multiple streams of rental income while offering the flexibility to be reconfigured into a larger single-family residence if desired. Conveniently located near local amenities, shopping, dining, and major roadways. Whether you're expanding your investment portfolio or searching for a property with flexible living arrangements, this is a rare opportunity with endless potential. Property being sold as-is.
Courtesy: Elevate Realty, LLC
314-380-0581
Package Deal. 1 and 3 Georgetown Drive, Granite City, IL 62040. Turnkey cash flow from day one with two fully occupied 4-unit buildings. Strong rental history with professional property management in place. Eight total units, all leased. Recent updates include new roofs 2025 and partial siding improvements. Both buildings are well-maintained and located in a high-demand rental area. Immediate income and potential for future rent increases as well as value-add improvements. Interior photos shown are prior to tenant being occupied. Just a quick drive to Edwardsville from this convenient location. Seller pays water, sewer and trash. Call your agent today.
Courtesy: Coldwell Banker Brown Realtors
618-667-3404
Coming Soon June 15th! Outstanding 6-unit brick investment property featuring six 1-bedroom, 1-bath apartments with living room, kitchen, laundry area, and bedroom. Several units have been updated. Three units currently occupied and three vacant for easy viewing. Newer roof, side parking, fenced front yard area, and a mix of central air and window units. Located directly across from a hospital, making it an ideal opportunity for long-term rentals or traveling nurse housing.
Courtesy: eXp Realty
888-574-9405
This 4 unit multi-family is waiting to be brought back to its former glory. The main level offers two units with high ceilings, eat-in kitchens, living rooms, and 1 bed/1 bath. The upper two units are studios with eat-in kitchens. The full basement offers storage, a large bathroom with garden tub, shared furnaces and hot water heater. The large lot has plenty of space for parking and storage in the 3 car deep garage. Great income potential in a good location. Property to be sold AS IS, seller to offer no warranties, repairs or inspections including occupancy.
Courtesy: Real Broker LLC
630-423-5891
Turnkey Duplex Investment in Granite City – Strong Cash Flow & Modern Updates Welcome to 2446 State St., a fully occupied duplex offering immediate, reliable income in Granite City, IL. This well-maintained property features two spacious units, each with 3 bedrooms and 1 bathroom, making it highly desirable for long-term tenants. Both units are currently leased, generating a combined monthly income of $2,490, plus an additional $25/month pet fee. Tenants are responsible for all utilities except Trash—including water/sewer (separately metered), gas, and electric—helping keep operating expenses low and maximizing your return. Inside, the property blends classic charm with modern updates. Each unit showcases beautiful historic millwork alongside recent upgrades, including newer stainless steel appliances, updated kitchen cabinets and countertops (granite counters in 1st floor unit), new flooring, 10 new windows, and updated faucets and fixtures throughout. A newly installed plumbing stack adds further peace of mind for investors. Whether you’re expanding your portfolio or looking for a strong entry into multifamily investing, this duplex offers a compelling combination of steady cash flow, tenant-paid utilities, and thoughtful updates. Don’t miss this opportunity to own a fully occupied, income-producing property with built-in value and long-term appeal.
Courtesy: Nester Realty
618-624-0400
MUST CHECK THIS OUT!! 2222-32 ALEXANDER FEATURES 6 ONE BEDROOM UNITS IN GREAT CONDITION. 100% RENTED. RENTS VARY FROM $500 TO $650, WITH LONGER TENANTS PAYING LOWER AMOUNTS. TOTAL RENTS ARE $3425 MONTHLY. TAXES $3757 YEARLY. INSURANCE $3950 PLUS $750 FOR FLOOD INSURANCE YEARLY. WATER/SEWER $375 MONTHLY. TRASH $135 QUARTERLY. WELL-MAINTAINED. NEWER THERMAL WINDOWS IN BACK. STORM DOORS. NEWER FRONT PORCHES. UPDATED ELECTRIC. AGE OF FLAT ROOF IS UNKNOWN. FULL BASEMENT. TENANTS HAVE ACCESS TO BASEMENT FOR THEIR ELECTRICAL BOXES, BUT NOT FOR STORAGE. ALSO THERE ARE 3 WATERS HEATERS, WITH 2 UNITS SHARING ONE HWH. SPACIOUS BACK YARD. EXCELLENT INVESTMENT OPPORTUNITY!! PRICED BELOW MARKET VALUE. CONTRACT WILL HAVE TO BE SIGHT UNSEEN.
Courtesy: Coldwell Banker Brown Realtors
618-667-3404
Turnkey Investment with Guaranteed Income & Expansion Potential! This 12-unit apartment complex is a prime investment opportunity, generating $11,500 in contracted monthly income from Chestnut Health Systems. The tenant handles full property management and rehabs units as needed, ensuring a truly passive income stream for the owner. The complex consists of 8 one-bedroom units and 4 efficiency units, all fully furnished by the tenant. Additionally, there is a 3,000 sq. ft. basement that is not currently leased, presenting a valuable opportunity for additional income. Second building has 4ft crawl. On-site laundry facilities in the basement provide further convenience and revenue potential. The owner covers utilities, insurance, and major maintenance, including roof, HVAC, and hot water heaters. Some units have been recently updated with new HVAC systems and hot water heaters. The roof is newer, adding to the long-term stability of this investment.
Courtesy: H3 Capital Real Estate, Llc
618-622-3343
Tri-Plex in the heart of Granite City! Newly renovated and fully occupied! Don't miss out on the chance to own this property with instant cash flow! New water heaters, HVAC, appliances, plumbing, gutters w/ guards, and electrical panels all in 2024! All tenants currently on year long leases with passed city occupancy! Reach out to your favorite agent to set up a showing today! Property being sold as-is. Buyer to provide pre-approval / proof of funds before showing.
Courtesy: Keller Williams Marquee
618-691-0547
Time to start your investment portfolio? Have some 1031X funds? Want to add 8 more doors? Here's an OPPORTUNITY to INCREASE monthly CASH FLOW. Listing consists of 1bd/1ba ground & upper units. Some w/ bonus areas. As of 3/15/25, 4 units are occupied. Renovations for the 5th/6th units needed. Numbers are estimates/may vary based on multiple factors. Selling AS IS & NO REPAIRS WILL BE MADE. Buyer responsible for municipal inspections. Inspections required for placement of current tenants were completed. Tenants pay electric. Seller pays w/s/t & lawn. Occupied units have refrigerator, stove & wall unit for heat. Some fixtures updated. Both sets of stairs to basement; upper landing & handrails have been rebuilt. Water heaters/supply lines updated. Coin operated laundry on site. ** PORTFOLIO PURCHASE. Includes this property -6 doors, & 2 SF Homes - MLS# 25016468 & 25016461. ** Ask your agent for rents. Price reflects the home’s value w/in the package deal, will require commercial financing.
Courtesy: Coldwell Banker Brown Realtors
618-656-2278
Calling All Investors! Here's your chance to secure a solid investment with immediate income and future growth potential. This brick duplex comes with an adjoining lot (parcel #22-2-20-18-16-405-048) offering a combined total of approximately 10,000 square feet of land. Each unit is currently occupied, providing steady cash flow, and with one tenant moving soon, there's a golden opportunity to renovate and increase rental income. Whether you're thinking of upgrading the existing unit or exploring creative ways to maximize the lot like adding a tiny home or accessory dwelling unit. This property offers flexibility and long-term value. Conveniently located and full of potential, it's a smart addition to any investor's portfolio.
Granite City is located in Illinois. Granite City, Illinois has a population of 27,336. Granite City is less family-centric than the surrounding county with 21.53% of the households containing married families with children. The county average for households married with children is 30.51%.
The median household income in Granite City, Illinois is $53,757. The median household income for the surrounding county is $66,882 compared to the national median of $69,021. The median age of people living in Granite City is 39 years.
The average high temperature in July is 88.4 degrees, with an average low temperature in January of 22.4 degrees. The average rainfall is approximately 41.8 inches per year, with 14.8 inches of snow per year.
