1808 State St Granite City, IL 62040
Estimated payment $321/month
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
Adams Auction & Real Estate Services Inc. License #440-000169 Listed on: 01/14/2026
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $34,000 | Metro Title & Escrow Co | |
| Warranty Deed | $35,000 | Metro Title |
Source: MARIS MLS
MLS Number: MIS26002418
APN: 22-2-19-24-12-202-018
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