Duplex with Bar & Grill and
For Sale
$199,000
Pending
1348 Madison Avenue, Madison, IL 62060
MULTI_FAMILY - Madison, IL
Property Size4,608 SF
Lot Size0.29 Acres
Days on Market32
Property Features for 1348 Madison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Basement
Walk-Out Access, Partial
Subdivision
Southern Ext
Elementary school
GRANITE CITY DIST 9
Middle school
GRANITE CITY DIST 9
High school
Granite City
Elementary school district
Granite City DIST 9
Middle school district
Granite City DIST 9
High school district
Granite City DIST 9
Standard status
Pending
APN
21-2-19-24-19-402-008
Size
4,608 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1745
Utilities
Heating system
Hot Water(Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1940
Number of units
3
Building materials
Brick
Listing Agency:
Landmark Realty
(618) 466-1513
Listed By:
Devin Outman · License #475183933
(618) 466-1513
Added: Jul 11
Changed: Aug 3
Last Checked: Aug 11 at 7:06PM
MLS# 25073689
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex at 1348 Madison Avenue provides two residential upstairs apartment units plus an operational bar & grill on the main level. The upstairs units are a 2 bedroom, 1 bath apartment and a 1 bedroom, 1 bath apartment, with the 1 bedroom unit furnished by the seller. The main floor bar and grill is described as fully operational, with included commercial kitchen equipment such as a commercial stove top, fryers, prep coolers, a range hood, beer coolers, and a large walk-in refrigeration system.
The property includes hot water heating and forced air, with central air conditioning. The roof was completely replaced with architectural shingles in 2023. The commercial space is described as having one electric, gas, and water meter.
Set on a 0.2927-acre lot with 4,608 SF, the sale also includes an extra parcel identified as 21-2-19-401-037, described as a gravel lot for additional parking or further development, located directly across the street. That parcel has a separate address of 1400 Madison Ave.
The property includes hot water heating and forced air, with central air conditioning. The roof was completely replaced with architectural shingles in 2023. The commercial space is described as having one electric, gas, and water meter.
Set on a 0.2927-acre lot with 4,608 SF, the sale also includes an extra parcel identified as 21-2-19-401-037, described as a gravel lot for additional parking or further development, located directly across the street. That parcel has a separate address of 1400 Madison Ave.
Key Highlights
- 0.2927‑acre lot with 4,608 SF
- Brick duplex built in 1940
- Roof replaced with architectural shingles in 2023
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 62060, IL
3,865
Population
2,018
Households
1.9
Avg Household Size
40
Median Age
7%
College-Educated
82%
High-School Grad
3.5 sq mi
ZIP Area
1,104
Density / Sq Mi
$40,139
Median Household Income
$35,762
Median Earnings
$1,019
Median Rent
$53,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with two rented upstairs apartments and an operational bar & grill with included commercial kitchen equipment.
Where is this duplex located?
The property is located at 1348 Madison Avenue Madison, IL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 0.2927‑acre lot with 4,608 SF; Brick duplex built in 1940; Roof replaced with architectural shingles in 2023
