1832 Cleveland Blvd Granite City, IL 62040
Estimated payment $8,287/month
Total Views
64,882
8
Beds
8
Baths
5,580
Sq Ft
$264
Price per Sq Ft
Highlights
- Furnished
- Laundry Facilities
- 2-minute walk to It's Electric Neon Sign Park
- Forced Air Heating and Cooling System
About This Home
Turnkey Investment with Guaranteed Income & Expansion Potential!This 12-unit apartment complex is a prime investment opportunity, generating $11,500 in contracted monthly income. 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.
Listing Agent
Coldwell Banker Brown Realtors License #475.154689 Listed on: 02/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,149
Year Built
- Built in 1980
Lot Details
- 10,001 Sq Ft Lot
- Lot Dimensions are 80 x 125
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 5,580 Sq Ft Home
- Furnished
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Schools
- Granite City Dist 9 Elementary And Middle School
- Granite City High School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 22-2-19-24-08-204-005
Community Details
Overview
- 2 Buildings
- 12 Units
- Low-Rise Condominium
Additional Features
- Laundry Facilities
- Net Operating Income $125,393
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2025 06/13/25 | Price Changed | $1,475,000 | -1.7% | $264 / Sq Ft |
| 02/19/2025 02/19/25 | For Sale | $1,500,000 | 0.0% | $269 / Sq Ft |
| 02/19/2025 02/19/25 | Off Market | $1,500,000 | -- | -- |
Source: MARIS MLS
About the Listing Agent
Whether relocating nationwide or to the Midwest Metro East Illinois area let Angie Judd Uram (Greco) help you with all your Real Estate needs. My team and I have over 30 years of experience to get you SOLD!
Angela's Other Listings
Source: MARIS MLS
MLS Number: MIS25009018
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