$40,000
OPEN HOUSE 1/25

1808 State St Granite City, IL 62040

Estimated payment $321/month

-- Bed
-- Bath
4,967 Sq Ft
$8 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 4-minute walk to It's Electric Neon Sign Park

About This Home

Price listed is Starting Bid Only. Bidding starts closing 1/28/2026 @ 6 p.m. Discover your chance to own a potential filled, income-producing asset in the heart of Granite City. This partially leased 5-unit building generates $1,000 in monthly rental income at the current rental rates, offering immediate cash flow and long-term investment potential. The building features three-2BR/1BA units and two-1BR/1BA units. Currently, the owner pays for water and trash for the building with the tenants responsible for electric and gas thanks to dedicated meters, keeping operational costs manageable and transparent. Zoned C-Commercial within the Granite City zoning jurisdiction, the building is currently operating as a multi-unit apartment building, with any alternate use requiring city approval. Conveniently located near public transit, schools, and major Metro East roadways, this property combines accessibility with strong rental appeal. With two fully rented units, this is a smart investment whether you are expanding your portfolio or stepping into multifamily real estate for the first time. Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers. Showings available on open house date only due to tenants occupying property.

Listing Agent

Adam Jokisch

Adams Auction & Real Estate Services Inc. License #440-000169 Listed on: 01/14/2026

Adams Auction & Real Estate Services Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,347

Year Built

  • Built in 1940

Lot Details

  • 6,251 Sq Ft Lot

Parking

  • Parking Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 4,967 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Granite City Dist 9 Elementary And Middle School
  • Granite City High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 22-2-19-24-12-202-018

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,347

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Property Sub-Type: 5 Family or More
  • Lot Size Acres: 0.1435
  • Co List Office Phone: 618-234-8751
  • MLS Status: Active
  • Subdivision Name: Granite City
  • Above Grade Finished Sq Ft: 4967
  • Architectural Style: Other
  • Carport Y N: No
  • Reso Fireplace Features: None
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: Apartment Building
  • Financial Info Electric: Other
  • MIS_AboveGradeFinishedAreaSrchSqFt: 4967.00
  • MIS_SellerConsiderConcessionYN: 0
  • MIS_PoolYN: 0
  • MIS_UnitCount: 0
  • MIS_BelowGradeFinishedAreaSrchSqFt: 0.00
  • MIS_AuctionYN: 1
  • Special Features: Auction
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement YN: Yes
  • Fireplace: No

Exterior Features

  • Roof: Flat
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Other
  • Construction Type: Block, Brick, Other

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: GRANITE CITY DIST 9
  • Junior High Dist: Granite City DIST 9
  • High School: Granite City
  • Middle Or Junior School: GRANITE CITY DIST 9

Lot Info

  • Lot Size Sq Ft: 6250.86
  • Parcel Number: 22-2-19-24-12-202-018

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1347

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 5
  • Number Of Units Leased: 2

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2026 01/14/26 For Sale $40,000 -- $8 / Sq Ft
Source: MARIS MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $34,000 Metro Title & Escrow Co
Warranty Deed $35,000 Metro Title
Source: Public Records

Source: MARIS MLS

MLS Number: MIS26002418

MARIS MLS

APN: 22-2-19-24-12-202-018