2447 24th Granite City IL 62040

$150,000.00 Granite City, IL 62040
  • 0.14 Acres
  • Madison County

Description

Time to start your investment portfolio? Have some 1031X funds? Want to add 6 more doors? Here's an OPPORTUITY to INCREASE monthly CASH FLOW. Consists of both ground & upper units. All-1bd/1ba. Some have bonus areas. As of 1/1/25, 3 units are occupied. Rents total $1875/mo. 4th should be ready.(pending city approval) Renovations for the 5th/6th unit needed for tenant placement. Numbers are estimates/may vary based on multiple factors. Selling AS IS & NO REPAIRS WILL BE MADE. Buyer responsible for municipal inspections. Inspections required for placement of current tenants were completed. Tenants pay electric. Seller pays w/s/t & lawn. Occupied units have refrigerator, stove & wall unit for heat. Some fixtures have been updated. Both sets of stairs to basement; upper landing & handrails have been rebuilt. Water heaters/supply lines have been updated. Coin operated laundry on site. Occupied units require notice. Can be viewed after an accepted offer. May need commercial financing.

Key Features

  • Property Type Multi-Family, Residential Income
  • Acres 0.14 Acres
  • Minerals Call for more info
  • MLS # 24073670

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