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Granite City Portfolio 2 Multifamily Properties Offered at $624,000 in Granite City, IL
Executive Summary
Looking to add to your portfolio or identify your next 1031 exchange property? These income-producing properties offer strong potential and may be purchased individually or as a package.
2441 E 24th Street features four fully occupied residential units (two upper and two lower), all currently on leases and updated. Inspections were completed at placement. The owner pays water, sewer, trash, and lawn care.
821/823 Niedringhaus Ave offers four occupied residential units (two upper and two lower) plus an additional vacant commercial space—an open canvas for value-add or ARV opportunity. Three residential units are on leases, one is month-to-month. Units A, B, and C have been recently remodeled and have recent occupancy inspections. The owner pays trash and lawn care. Commercial financing may be required.
Showings for both properties are available with an accepted offer, with walkthroughs scheduled within four days of contract acceptance.
2441 E 24th Street features four fully occupied residential units (two upper and two lower), all currently on leases and updated. Inspections were completed at placement. The owner pays water, sewer, trash, and lawn care.
821/823 Niedringhaus Ave offers four occupied residential units (two upper and two lower) plus an additional vacant commercial space—an open canvas for value-add or ARV opportunity. Three residential units are on leases, one is month-to-month. Units A, B, and C have been recently remodeled and have recent occupancy inspections. The owner pays trash and lawn care. Commercial financing may be required.
Showings for both properties are available with an accepted offer, with walkthroughs scheduled within four days of contract acceptance.
Property Facts
| Price | $624,000 | Number of Properties | 2 |
| Price / SF | $84.07 / SF | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 7,422 SF |
| Status | Active | Total Land Area | 0.31 AC |
| Price | $624,000 |
| Price / SF | $84.07 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 7,422 SF |
| Total Land Area | 0.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 821 Niedringhaus Ave, Granite City, IL 62040 | Multifamily | 4,734 SF | 1926 | $349,000 |
| 2441 E 24th St, Granite City, IL 62040 | Multifamily | 2,688 SF | 1965 | $275,000 |
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