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821/823 Niedringhaus Ave, Granite City IL 620 821 Niedringhaus Ave 5 Unit Apartment Building $349,000 ($69,800/Unit) Granite City, IL 62040

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EXECUTIVE SUMMARY

Looking to add to your portfolio? Need to identify your 1031X property? Here are 4 residential units (2 upper and 2 lower) AND an 1 "open canvas" commercial opportunity, just waiting for your vision. Hint, hint, can you say ARV possibility? All four residential units are occupied. Three on leases, one on month to month. Commercial property is vacant. Units A, B and C have been recently remodeled with recent occupancy inspections. Owner pays trash and lawn care. Showings with an accepted offer. Walk through to be scheduled within 4 days of an accepted contract. *** May require commercial financing. Seller is also selling MLS 25073965. May consider package. ****

PROPERTY FACTS

Price $349,000
Price Per Unit $69,800
Sale Type Investment
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.17 AC
Building Size 4,734 SF
Average Occupancy 80%
No. Stories 2
Year Built 1926
Opportunity Zone Yes
Zoning Residential - Multi-family

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Washer/Dryer Hookup
  • Refrigerator
  • Stainless Steel Appliances
  • Range

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 2 $980.00 -
3+1 2 $995.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-2-19-24-05-102-016
Land Assessment
$2,650
Improvements Assessment
$30,610
Total Assessment
$33,260
  • Listing ID: 38394183

  • Date on Market: 11/10/2025

  • Last Updated:

  • Address: 821 Niedringhaus Ave, Granite City, IL 62040

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