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  • Price cut: $25K (6/13)
    $1,475,000

    1832 Cleveland Blvd, Granite City, IL 62040

    1beds
    1baths
    5,580sqft
    : 
    Multi Family
    Built in 1980
    -- sqft lot
    $-- Zestimate®
    $264/sqft
    $-- HOA

    What's special

    New hvac systems
    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.
    128 days
    on Zillow
    |
    171
    |
    4
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 18, 2025 at 09:47am

    Listing Provided by:

    Angela S Judd-Uram 618-917-0508,

    Coldwell Banker Brown Realtors

    Source: MARIS,MLS#: 25009018MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS
    Travel times

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    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    Heating
    • Forced Air, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Gas Water Heater
    • Laundry: Common Area
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 5,580
    • Total interior livable area: 5,580 sqft
    • Finished area above ground: 5,580

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Lot
    • Size: 10,001.38 Square Feet
    • Dimensions: 80 x 125
    Details
    • Parcel number: 222192408204005
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Low/1-2
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    Location
    • Region: Granite City

    Financial & listing details

    • Price per square foot: $264/sqft
    • Annual tax amount: $5,149
    • Date on market: 2/19/2025
    • Listing terms: Cash,Conventional
    • Inclusions: Building, Land
    • Ownership: Private
    • Tenant pays: None, Trash Collection
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