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Key Details
Sold Price $130,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Subdivision Granite City
MLS Listing ID 23073095
Sold Date 02/05/24
Construction Status 124
Year Built 1900
Building Age 124
Lot Size 6,251 Sqft
Acres 0.1435
Lot Dimensions 50X125
Property Description
Great 4 Unit Investment Opportunity in the Heart of Granite City! This full brick building has a newer roof and rear wood deck, stairs, and one unit with a ramp. 2 new furnaces, new appliances, windows and some flooring in 1 unit. Rents are currently low for the market at $525/month. 2 units are currently rented with 2 units vacant. Vacant units need minor work to be rent ready and one has recently passed city occupancy. There is a large basement that can be utilized for storage. Each unit has laundry hook up or shared laundry is currently available in the basement. The vacant unit on the lower left has direct access to the basement. Building to be sold "as is" seller to make no repairs and will not be responsible for any city required repairs. Any inspections will be for buyer's information only. Operating Income and Expenses based on 0 vacancy at current rents and estimated expenses.
Location
State IL
County Madison-il
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Appliance Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s), Some Storm Door(s)
Exterior
Parking Type On Street
Building
Sewer Public Sewer
Water Public
Construction Status 124
Schools
Elementary Schools Granite City Dist 9
Middle Schools Granite City Dist 9
High Schools Granite City
School District Granite City Dist 9
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, FHA, VA, Other
Listing Terms Cash Only, Conventional, FHA, VA, Other
Special Listing Condition No Exemptions, None
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Bought with Keonja Holmon
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