Listed By

Coldwell Banker Brown Realtors

Source
MARIS - IDX
Last checked Aug 12 2025 at 3:46 PM CDT

Bathroom Details

Interior Features

Gas Water Heater
Laundry: Common Area

Subdivision

Heating and Cooling

Forced Air
Electric
Central Air

Utility Information

Sewer: Public Sewer

School Information

Elementary School: Granite City Dist 9
Middle School: Granite City Dist 9
High School: Granite City

Parking

On Street

Living Area

5,580 sqft

Listing to Address

Address to Listing

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COLDWELL BANKER - COLDWELL BANKER BROWN REALTORS

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Description

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.

1832 Cleveland Boulevard Granite City, IL 62040

Listed By