Michaela Mendez
BEDS0
BATHS
SQUARE FEET2,249
MLS#26059827
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGranite City
SCHOOLGranite City DIST 9
Property Description
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 Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.14 Acres
Taxes: $2,301
Year Built: 1900
Feature Descriptions
Days on Site: 2
Exterior: Brick
Parcel#: 22-2-20-18-17-303-033
Local Schools
High School: Granite City
Middle School: GRANITE CITY DIST 9
Elementary School: GRANITE CITY DIST 9
School District: Granite City DIST 9
Listed By / Shown By
Listed By
Agency Name: H3 Capital Real Estate, Llc
Shown By
Agent Name: Michaela Mendez
Agent Phone: (618) 795-4701
Agency Title: Strano & Associates
Estimate Your Payment
Estimated Payment
$ 312.58 per month $106.83 Principal & Interest $191.75 Property Tax $14.00 Homeowner's InsuranceChange Payment Information
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2123 Edison Avenue | MLS# 26059827
This multi-family property located at 2123 Edison Avenue , Granite City, IL 62040 is currently listed for sale with an asking price of $48,000. Edison Avenue is located within the Granite City DIST 9 school district. Search Granite City real estate on mmendez.strano.com today.