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    Madison, IL
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    Madison, IL Apartment Buildings for Sale

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    Granite City, IL Saint Louis, MO E St Louis, IL Defiance, MO Pontoon Beach, IL Hazelwood, MO Riverview, MO Cahokia, IL
    Eight-Unit Apartment Buildings
    Updated: Sep 10
    Eight-Unit Apartment Buildings

    1906 Rhodes St, Madison, IL 62060

    $520,000
    2,250 sqft
    Two buildings with eight total 1 bed/1 bath units
    50% of units updated with LVP flooring and stainless steel kitchen appliances
    Windows and exterior doors replaced in 2025
    New attic insulation installed in 2025
    Crawlspace vapor barrier and rim joist insulation added in 2025
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    6-Unit Apartment Building
    Updated: Sep 17
    6-Unit Apartment Building

    924 MADISON AVE, Madison, IL 62060

    Contact for pricing
    3,514 sqft
    Six residential units in one building
    Approximately 3,514 SF
    Built in 1920
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Madison, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    6-Unit Brick Apartment Building
    6-Unit Brick Apartment Building

    2200 Iowa Street, Granite City, IL 62040

    $295,000
    4,148 sqft 0.17 AC lot

    Six apartment homes across from a hospital, with updated units, parking, and a fenced front yard.

    View details
    12-Unit Apartment Building Portfolio
    12-Unit Apartment Building Portfolio

    4129 W Kossuth Ave, Saint Louis, MO 63115

    $240,000
    2,208 sqft

    Four-building apartment property with townhouse-style units and two additional lots.

    View details
    8-Unit Apartment Building
    8-Unit Apartment Building

    4158 E Green Lea Pl, Saint Louis, MO 63115

    $60,000
    7,636 sqft

    Apartment building requiring completion of a partially finished rehabilitation following tornado damage.

    View details
    Multifamily Portfolio in Granite City
    Multifamily Portfolio in Granite City

    2123 Edison, Granite City, IL 08820

    Contact for pricing

    24-unit multifamily portfolio across multiple properties in Granite City, Illinois.

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    Off-Market Properties in Madison, IL

    Consider similar Off-Market properties in Madison, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1926 Edwardsville Rd
    APARTMENT HOUSE (5+ UNITS)

    1926 Edwardsville Rd, Madison, IL 62060-1368

    Estimated value:
    $290,000
    2,250 sqft 0.14 AC lot
    View details
    1432 6th St
    APARTMENT HOUSE (5+ UNITS)

    1432 6th St, Madison, IL 62060-1467

    Estimated value:
    $160,000
    1,046 sqft 0.25 AC lot
    View details

    Madison, IL Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Madison, IL on our real estate platform. These investment opportunities span a total of 5,764 square feet of properties for sale, with an estimated market value of $520,000.

    Sale prices for two-family homes in Madison, IL average $520,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 3,619
    Population Growth (5Y) -21.1%
    Median Household Income $40,139
    College Educated 10.0%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Madison County

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    Residential Income

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