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Six-Unit Brick Apartment Building

2200 Iowa Street, Granite City, IL 62040

For Sale
$289,900

Positioned across from a hospital, the property combines a six-apartment layout with a mix of occupied and vacant units.

Property Size4,148 SF
Price / SF$69.89
Days on Market153

Property Features for 2200 Iowa Street

General Information

Standard status Active
Size 4,148 SF
Property subtype 5 Family or More

Units

Unit Mix 6 x 1BR/1BA
Multifamily Units 6

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,171

Building Details

Building Size 4,148 SF
Year Built 1963
Construction brick
Listing Agency: Coldwell Banker Brown Realtors
Listed By: Angela Judd Uram · License IL #475154689
Source: Janetmcafee
Added: Jun 10 Changed: Nov 9 Last Checked: Nov 8 at 8:58AM

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

Rey
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Investment Insights

Based on property information with market context.

This 4,148-square-foot brick apartment property was built in 1963 and contains six one-bedroom, one-bathroom apartments. Each unit has a living room, kitchen, laundry area, and bedroom. Several apartments have been updated. Cooling is provided by a combination of central air and window units, and the building has a newer roof. Side parking and a fenced area at the front are also included.

The property sits directly across from a hospital. Three apartments are occupied and three are vacant, providing a mix of in-place tenancy and available units.

Key Highlights

  • Six apartments, each with one bedroom and one bathroom
  • 4,148 square feet; built in 1963
  • Three units occupied and three vacant

Property Analytics

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Lease Details

6
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Madison County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Positioned across from a hospital, the property combines a six-apartment layout with a mix of occupied and vacant units.
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 $289,900.
What are key features of this property?
This property features: Six apartments, each with one bedroom and one bathroom; 4,148 square feet; built in 1963; Three units occupied and three vacant
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