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Brick 6-Unit Apartment Building
For Sale
$295,000

2200 Iowa Street, Granite City, IL 62040

Six one-bedroom, one-bath units include living rooms, kitchens, and laundry areas.

Property Size4,148 SF
Days on Market24

Property Features for 2200 Iowa Street

General Information

Standard status Active
Size 4,148 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $3,171

Building Details

Building Size 4,148 SF
Year Built 1963
Buildings 1
Stories 2
Units 6
Listing Agency: Coldwell Banker Brown Realtors
Listed By: Angela Judd Uram · License #475154689
Source: Powerhausrealty
Added: Aug 6 Changed: Aug 29 Last Checked: Aug 25 at 9:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Brown Realtors

Investment Insights

Based on property information with market context.

Built in 1963, this brick apartment property contains six one-bedroom, one-bath residences. Each unit includes a living room, kitchen, laundry area, and bedroom. Several apartments have received updates, while the building also features a newer roof, side parking, and a fenced front-yard area. Air conditioning is provided through a combination of central systems and window units.

Three apartments are occupied and three are vacant, providing a mix of existing tenancy and available units for viewing. The property sits directly across from a hospital, a location specifically suited to long-term rental demand and traveling nurse housing. Its six-unit configuration offers a compact multifamily format with a combination of building improvements, parking, and outdoor enclosure.

Key Highlights

  • Six apartments, each with one bedroom and one bath
  • Three units occupied and three vacant
  • Brick construction dating to 1963

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Electrical Service Skin Care Clinic Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

691
Businesses Nearby

Demographics for 62040, IL

40,872
Population
18,842
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
1,024
Density / Sq Mi
$60,558
Median Household Income
$40,963
Median Earnings
$852
Median Rent
$106,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six one-bedroom, one-bath units include living rooms, kitchens, and laundry areas.
Where is this apartment building located?
The property is located at 2200 Iowa Street Granite City, IL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Six apartments, each with one bedroom and one bath; Three units occupied and three vacant; Brick construction dating to 1963
More about this property
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