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    2720 Iowa St Granite City, IL 62040

    New
    Under Contract
    For Sale
    $142,900

    Residential Income, Traditional - Granite City, IL

    Lot size:
    0.11 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 2720 Iowa St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Basement
    APN
    22-2-20-17-09-104-020
    Parking features
    Driveway, Off Street, On Street
    Interior features
    Ceiling Fan(s), Dining/Living Room Combo, Entrance Foyer, High Ceilings, Open Floorplan
    Basement Y/N
    1
    Appliances
    Microwave, Range, Refrigerator
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1932
    Flooring type
    Vinyl, Wood
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional

    Coldwell Banker Brown Realtors (618) 692-7290 [email protected]

    Listing agent Janet Urbanek (618) 656-2278 License #471003262

    Listing date Dec 11, 2025

    MLS# 25073952 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Duplex with Income Potential

    This multi-unit investment property features a remodeled two-story duplex ready for rental. The front duplex offers an open concept design with 9-foot ceilings, cove molding, and new LVP flooring. It includes a 2-bedroom unit and a 1-bedroom unit, each with new kitchens featuring stainless steel appliances, cabinetry, sinks, and countertops. The property also has new bathrooms, hot water heaters, light fixtures, GFCI's, and switches. Both units are equipped with high-efficiency furnaces and laundry hookups in the basement, along with storage space. Fresh paint has been applied throughout. The roof was replaced in 2022. A rear efficiency unit built over the garage requires additional work. The seller will clean out the garage/storage space and obtain occupancy permits for units A and B (the front duplex) prior to closing. The property is located in Granite City, IL, on a lot of approximately 0.1148 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.129862
    Latitude
    38.711185

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    FAQs

    What type of property is this?
    Duplex - Granite City duplex, remodeled, ready to rent, investment opportunity.
    Where is this duplex located?
    The property is located at 2720 Iowa St Granite City, IL.
    What is the asking price?
    The asking price for this property is $142,900.
    What are key features of this property?
    This property features: - Remodeled duplex is move-in/rent-ready, offering immediate income potential or owner-occupancy.; - Enjoy the open concept design with new LVP flooring, kitchens, baths, and stainless steel appliances.; - Two-unit configuration (2-BR & 1-BR) provides flexible living/rental options.
    (618) 656-2278
    Request Owner's contact information
    2720 Iowa St Granite City, IL 62040
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    Granite City, IL 62040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2720 Iowa St Granite City, IL 62040
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