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.
Active
Price cut: $25K (6/13)
$1,475,000
1832 Cleveland Blvd, Granite City, IL 62040
1beds
1baths
5,580sqft
Est.:
Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$264/sqft
$-- HOA
What's special
New hvac systems
- 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#: 25009018
Originating MLS: Southwestern Illinois Board of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
- Loading
- Loading