1348 Madison Avenue, Madison, IL 62060
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 2:06 am
Property Features for 1348 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- 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
- Forced Air, Hot Water (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Other
Listing agent Devin Outman License #475183933 (618) 631-4841
Listing office Landmark Realty 3049 Godfrey Road, Godfrey, IL (618) 466-1513
Listing date Jun 24, 2026
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.
HighLights
- Turnkey bar & grill ready for immediate operation or tenant placement, previously rented for $1,500/month.
- Two currently rented residential apartments generating income: a 2‑bedroom unit at $900/month and a furnished 1‑bedroom unit at $850/month.
- All kitchen equipment included: commercial stove top, fryers, prep coolers, range hood, walk‑in refrigeration system, and beer coolers.
- Extra parcel included (1400 Madison Ave): a gravel lot for parking or development.
- Roof completely replaced in 2023 with architectural shingles.
- Commercial tenant previously paid all utilities (electric, gas, & water) due to single metering.
Overview
The property is located at 1348 Madison Avenue in Madison, IL. An extra parcel is included in the sale (21-2-19-401-037), described as a gravel lot for additional parking or potential further development, located directly across the street on the opposite corner lot. That parcel has a separate address of 1400 Madison Ave.
For buyers seeking a blended setup, this configuration supports combining food and beverage operations with residential rental income. The bar & grill is described as ready to open with a new owner or tenant, while both upstairs apartments are currently rented. This combination may be suitable for an owner-operator or an investor looking to manage both a hospitality component and long-term residential tenants in one package.
Current Use by Public Records
Similar Places Nearby
- El Rey de Mil Coronas — 2001 Hildebrand St, Madison, IL 62060
- Two of One Bar and Lounge — 1430 Broadway, Venice, IL 62090
- Perigen Tavern — 1200 Iowa St, Madison, IL 62060
- McGee's Bar and Grill Incorporated — 1112 state st, madison, il 62060
- Al's 520 Club — 520 Madison Ave, Madison, IL 62060
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Illinois
- Longitude
- -90.1545
- Latitude
- 38.691612
