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    612 E 3Rd Ave Grand Tower, IL 62924

    For Sale
    $280,000

    Residential Income - Grand Tower, IL

    Property size:
    1,250 SF
    Days on Market:
    93
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 612 E 3Rd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    16-25-201-002
    Parking
    12
    Parking features
    Guest
    Size
    1,250 SF

    Utilities

    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    12
    Building materials
    Aluminum Siding, Brick
    Roof type
    Shingle
    Architectural style
    Other

    New BeginningZ Realty Inc. (618) 527-5766 [email protected]

    Listing agent LATIA HAYES (618) 529-4663 License #475194926

    Listing date Sep 4, 2025

    MLS# EB457903 Listing URL

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

    Overview

    Grand Tower Multifamily Investment Opportunity

    Located in Grand Tower, Illinois, Walker Hill presents a multifamily investment opportunity situated in a rural setting. The property comprises four buildings with a total of 12 units. There are 10 one-bedroom apartments, including one fully handicap accessible unit, and 2 two-bedroom units. Each unit includes one bathroom, a generously sized pantry, and ample storage space. The property, totaling 1250 square feet, currently has four occupied units, while the remaining eight units require varying levels of renovation. The property includes a coin-operated laundry facility. Currently operating as income-based subsidized housing.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Auto Repair Shop Convenience Store Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Tower
    County
    Jackson
    State
    Illinois
    Longitude
    -89.501194
    Latitude
    37.631949

    FAQs

    What type of property is this?
    Apartment building - Multifamily investment property in Grand Tower, Illinois, featuring 12 units.
    Where is this apartment building located?
    The property is located at 612 E 3Rd Ave Grand Tower, IL.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: - Multi-family investment opportunity with 12 units offering potential for increased rental income.; - Includes one fully handicap accessible one-bedroom apartment.; - Coin-operated laundry facility provides additional income stream.
    (618) 529-4663
    Request Owner's contact information
    612 E 3Rd Ave Grand Tower, IL 62924
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    Grand Tower, IL 62924
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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
    612 E 3Rd Ave Grand Tower, IL 62924
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