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    Godfrey, IL Multifamily Properties for Sale

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    Alton, IL Brighton, IL West Alton, MO
    Land in Azalea Gardens Condominiums
    $279,000
    Land in Azalea Gardens Condominiums

    4803 AZALEA Place, Godfrey, IL 62035

    Land available in Azalea Gardens Condominiums community.
    • Last available unit in Azalea Gardens Condominiums.
    • Open floor plan design.
    • Craftsman style architecture.
    • Customizable features available.
    • Large porches.
    Updated: Jun 27, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Godfrey, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Income Potential
    $88,500
    2,555 SF
    Mixed-Use Property with Income Potential

    Unique live-work property with commercial space and apartments.

    602 Wood River Avenue, Wood River, IL 62095

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    Mixed-Use Building with Apartments
    $95,000
    0.07 Acres
    Mixed-Use Building with Apartments

    Mixed-use property with unfinished main level and two upstairs one-bedroom apartments, including rear garage access.

    258 E Ferguson Avenue, Wood River, IL 62095

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    Former School with Redevelopment Potential
    $285,000
    33,150 SF
    Former School with Redevelopment Potential

    Former school building suitable for redevelopment into residential or commercial property.

    121 W Elm Street, Alton, IL 62002

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    Former School with Redevelopment Potential
    $285,000
    33,150 SF
    Former School with Redevelopment Potential

    Former school building suitable for redevelopment or community use.

    121 W Elm Street, Alton, IL 62002

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Unrestricted Land Near Route 67
    $70,000
    2.10 Acres
    Unrestricted Land Near Route 67

    2.1 acres with boundless possibilities near Jerseyville and Godfrey.

    17039 Hillside Lane, Jerseyville, IL 62052

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    Residential Lot in Wellsville, MO
    Contact for pricing
    0.17 Acres
    Residential Lot in Wellsville, MO

    Ready-to-build residential lot in a charming small town.

    412 Washington Street, Wellsville, MO 63384

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    Residential Lot in Park Hills
    Contact for pricing
    0.26 Acres
    Residential Lot in Park Hills

    Corner lot suitable for building or mobile home placement.

    226 N Large Street, Park Hills, MO 63601

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    Recreational Land Near Lake Perry
    $90,000
    22,215 SF
    Recreational Land Near Lake Perry

    Half-acre recreational lot with utilities near Lake Perry amenities.

    1003 Port Perry Drive, Perryville, MO 63775

    View details

    Godfrey, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Godfrey, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $279,000.

    Sale prices for multifamily properties in Godfrey, IL start at $279,000, averaging $279,000, and reaching up to $279,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 16K
    Population Growth (5Y) -3.7%
    Median Household Income $91,696
    College Educated 43.8%

    High-Yield Neighborhoods for Investment

    Identify Godfrey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62035 $279K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Godfrey fall within the 2,500 to 5,000 square foot range.

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