NOT LISTED FOR SALE

2422 Madison Ave Granite City, IL 62040

Estimated Value: $92,000 - $151,000

5 Beds
2 Baths
3,563 Sq Ft
$35/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $125,000 $35 Per Sq Ft

Current estimated payment $838/month

56 Days on Market

About This Home

As of November 2023

Great investment opportunity. 4 of 5 units rented. 3 units are nicely updated, other two have long term tenants. Each unit includes living room, eat in kitchen, 1 bedroom and bath. Rents vary per unit. Street facing building includes 3 units and back building has two units.

Last Agent to Sell the Property

Wendi Mielke

Market Pro Realty, Inc License #471000150 Listed on: 09/04/2023

Co-Listed By

Elaine Rhodes

Market Pro Realty, Inc License #471017084

Last Buyer's Agent

Shawn Howland

H3 Capital Real Estate, Llc License #471019058

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,177

Year Built

  • Built in 1918

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40 x 120

Parking

  • On-Street Parking

Home Design

  • 3,563 Sq Ft Home
  • Vinyl Siding

Schools

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

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 22-2-20-18-15-405-009

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Low-Rise Condominium
  • The community has rules related to building or community restrictions

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,177

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apt Bldg/Exterior En
  • Municipality Township: Granite City
  • Special Description: No Exemptions
  • Age: 105
  • Ownership: Private
  • Year Built: 1918
  • Directions: 203 to Madison
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Lndry Connect Sm Un
  • Square Footage: 3563

Exterior Features

  • Construction: Vinyl Siding

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Window Unit(s)
  • Heating: Individual Furnaces

Schools

  • Elementary School: GRANITE CITY DIST 9
  • Junior High School: GRANITE CITY DIST 9
  • School District: Granite City DIST 9
  • Senior High School: Granite City

Lot Info

  • Lot Dimensions: 40 x 120
  • Lot Number: 9
  • Lot Sq Ft: 4792
  • Location: City
  • Acres: 0.1100

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: All Utilities

Multi Family

  • Building Info: No Units Furnished, Restriction-Occupanc, Restriction-Pets, Smoke/Alarm Detector
  • Building Number: 2
  • Gross Operating Income: 1745.00
  • Total Units: 5
  • Units: 1

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 2064
  • Assessor Parcel Number: 22-2-20-18-15-405-009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2021
Sold by
Tieman Brian and Tieman Tina
Bought by
Trinity Illinois Group Llc
Current Estimated Value
$124,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
2.98%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 15, 2005
Sold by
Mccormick Earline M
Bought by
Tieman Brian and Tieman Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2003
Sold by
Chesnut Earl M
Bought by
Chesnut Earl M and Mccormick Earline M
Source: Public Records

Range of Values:

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

Purchase History

Date Buyer Sale Price Title Company
Trinity Illinois Group Llc $55,000 Accent Title
Tieman Brian $35,000 Pontoon Title Co
Chesnut Earl M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Trinity Illinois Group Llc $212,500
Previous Owner Tieman Brian $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2023 11/16/23 Sold $125,000 -7.4% $35 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
09/04/2023 09/04/23 For Sale $135,000 -- $38 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,177 $24,980 $2,960 $22,020
2023 $2,177 $22,520 $2,670 $19,850
2022 $2,144 $20,640 $2,450 $18,190
2021 $2,002 $19,360 $2,300 $17,060
2020 $1,956 $18,490 $2,200 $16,290
2019 $1,900 $17,530 $2,090 $15,440
2018 $1,854 $17,020 $2,030 $14,990
2017 $1,819 $17,650 $2,110 $15,540
2016 $1,855 $17,650 $2,110 $15,540
2015 $1,673 $17,650 $2,110 $15,540
2014 $1,673 $17,650 $2,110 $15,540
2013 $1,673 $17,650 $2,110 $15,540
Source: Public Records

Agents Affiliated with this Home

  • Wendi Mielke

    Seller's Agent in 2023

    Wendi Mielke

    Market Pro Realty, Inc

    (618) 535-2930

    1 in this area

    221 Total Sales

    Wendi Mielke
    Section Image
  • Elaine Rhodes

    Seller Co-Listing Agent in 2023

    Elaine Rhodes

    Market Pro Realty, Inc

    (618) 639-4222

    2 in this area

    93 Total Sales

    Elaine Rhodes
    Section Image
  • Shawn Howland

    Buyer's Agent in 2023

    Shawn Howland

    H3 Capital Real Estate, Llc

    (618) 979-5324

    8 in this area

    46 Total Sales

    Shawn Howland
    Section Image
See All Agents

Map

Source: MARIS MLS

MLS Number: MIS23053050

MARIS MLS

APN: 22-2-20-18-15-405-009

Illinois Madison County Granite City 62040

2422 Madison Ave, Granite City, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MARIS MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes