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1832 Cleveland Boulevard Granite City, IL 62040

$1,475,000
1832 Cleveland Boulevard Granite City, IL 62040
5580 Square Feet
Tax History: $5149 - 2023
Estimated Payment: $6,984 Per Month*
Based on a 30-year fixed rate of 5.88% with 20% down. [ Change ]
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Property Description

$1,475,000  , Located in N/A,  GRANITE CITY.   ZIP Code: 62040

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.
This property is located on 0.2296 Acre(s).

Near By Listings
Main Features:
Approximate lot size is 0 Acre(s)
Elementary School: GRANITE CITY DIST 9
Middle School: GRANITE CITY DIST 9
High School: Granite City
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MLS#: 25009018
Listing ID: 58786
Updated: 12 days ago
Days on site: 133 days

Listing provided by

Angela Judd-Uram
Coldwell Banker Brown Realtors
* The Estimated Payment is offered as a tool for your convenience and is not an offer of credit. Actual mortgage rates and fees vary depending on your lender. Please check with your local lender for accurate mortgage rate information.

Note: Broker may not have reviewed or approved listing. All information that is provided by the listing agent/broker is deemed reliable but it is not guaranteed and should always be independently verified.

The multiple listing information is provided by Southwestern Illinois Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listing and each individual listings are © 2025 Southwestern Illinois Regional Multiple Listing Service, Inc.. All Rights Reserved.

The information provided is for consumers' personal, non-commercial user and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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Premium Agent
Tarrant and Harman Real Estate and Auction Co
Phone: 618-946-9469
Office: 618-433-9436
 

200 W. Third Street | Alton, IL 62002
Suite 200
618.465.9850