Madison County, IL Multifamily Properties for Sale

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Updated: Jul 11

Four-Unit Quadplex with Vacancy

612 Mechanic Street, Alton, IL 62002

$139,000

1,594 sqft 0.17 AC lot

Four‑unit property with 1 bedroom and 1 bathroom per unit
3 of 4 units occupied by long‑term tenants
1 vacant unit available for leasing or occupancy
1,594 square feet on a 0.1653‑acre lot
Built in 1901 with vinyl siding

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This listing looks promising.

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612 Mechanic Street, Alton, IL 62002

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Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$12K
Annual
Mortgage

$56K
Feb 2020
Last Sold

Feb 2020
$60K
Property Type

Quadplex
Built 1920

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Updated: Jul 22

Historic Four-Unit Guest House

617 State Street, Alton, IL 62002

$495,000

4,300 sqft 0.21 AC lot

4,300‑square‑foot furnished residence configured as 4 separate living units
Built in 1861 with brick construction, hardwood floors, high ceilings, and four fireplaces
Each unit includes a kitchen and appliances
Lower‑level suite offers a private entrance, lookout windows, and private brick patio
0.2076‑acre corner lot with brick‑sided courtyard, gazebo, privacy fencing, and gated access

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Fully Occupied Quadplex

91 N Stanley Road, Cottage Hills, IL 62018

$165,000

2,989 sqft 0.23 AC lot

Single-level four-unit property with a varied bedroom mix, private storage sheds, and on-site parking.

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Duplex Property with Workshop

1333 11th Street, Cottage Hills, IL 62018

$162,500

1,644 sqft 0.45 AC lot

Two residences and a separate workshop provide flexible living, family, and project space on a fenced parcel.

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Three-Unit Apartment Building

2713 College Ave, Alton, IL 62002

$209,000

2,140 sqft

Unit mix includes one two-bedroom apartment and two one-bedroom apartments.

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Brick 6-Unit Apartment Building

2200 Iowa Street, Granite City, IL 62040

$295,000

4,148 sqft 0.17 AC lot

Six 1-bedroom, 1-bath units with porches and mixed central air and window units in a brick building.

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Newly Built Brick Triplex

329 Rutledge Street, Worden, IL 62097

$379,900

3,300 sqft 0.57 AC lot

Three residential units offer a mix of two- and three-bedroom layouts with electric heating and central air.

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Four-Unit Duplex Package

207-209 Roxana Avenue, South Roxana, IL 62087

$275,000

1,440 sqft 0.14 AC lot

Two parcels combine a ranch-style residential income property with three occupied units and one unit available for leasing or occupancy.

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Remodeled Duplex

821 Alby St, Alton, IL 62002

$124,900

3,258 sqft

Two-unit residential property with distinct bedroom and bathroom layouts, including one recently updated residence.

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Ranch Duplex Under Construction

652 N Kansas Street, Edwardsville, IL 62025

$720,000

4,004 sqft 0.37 AC lot

New construction ranch duplex with hardwood flooring, modern kitchens, and central air, plus a walk-out lower level.

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Five-Unit Apartment Building

1011 State Street, Alton, IL 62002

$225,000

3,826 sqft 0.21 AC lot

Two-story layout includes efficiency and one- and two-bedroom apartments.

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2024 All-Brick Triplex

329 Rutledge St, Worden, IL 62097

$379,900

3,300 sqft

Newer three-unit property with a practical mix of two- and three-bedroom residences and available parking.

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Two-Building Apartment Property

2705 College Avenue, Alton, IL 62002

$980,000

0.33 AC lot

Multifamily asset near the Dental College with open parking, central air, and on-site laundry equipment.

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Duplex with New HVAC Systems

613 Reed Dr, East Alton, IL 62024

$120,000

1,625 sqft

Two three-bedroom residences feature central heating and air conditioning with separately paid utilities.

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Gutted Duplex Ready for Redevelopment

427 E 4th Street, Alton, IL 62002

$200,000

2,275 sqft 0.22 AC lot

Duplex on a 0.22-acre lot with brick construction, public water, natural gas forced-air heat, and wall/window cooling units.

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Mixed-Use Building with Four Apartments

119 W 3rd Street, Alton, IL 62002

$699,000

0.06 AC lot

Downtown mixed-use building with restaurant and bar, fenced patio, and four residential apartments.

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Triplex with Conversion Potential

1937 Benton St, Granite City, IL 62040

$70,000

2,609 sqft

Mostly gutted multifamily property offered as-is with replacement windows and doors included.

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Duplex with Bar & Grill and Apartments

1348 Madison Avenue, Madison, IL 62060

$199,000

4,608 sqft 0.29 AC lot

Brick duplex with two rented upstairs apartments and an operational bar & grill with included commercial kitchen equipment.

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Mid-Rise Apartment Community

1010 Enclave Blvd., Edwardsville, IL 62025

Contact for pricing

118,944 sqft

Mid-rise multifamily property with ample parking, green space, and on-site management and maintenance.

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Three-Unit Rental Triplex with New Roof

2713 College Avenue, Alton, IL 62002

$209,000

2,140 sqft 0.17 AC lot

Triplex with one two-bedroom and two one-bedroom units, with a new roof installed in 2023.

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Four-Unit Apartment Property

612 Mechanic St, Alton, IL 62002

$139,000

1,594 sqft

Four residential units combine established tenancy with one vacant unit for flexible occupancy or leasing plans.

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Four-Unit Quadplex Apartment Building

1238 Brown Street, Alton, IL 62002

$165,000

2,442 sqft 0.18 AC lot

Well-maintained quadplex with four 1-bedroom units and one currently vacant apartment for immediate leasing or owner-occupancy.

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Four-Unit Apartment Building

1238 Brown Street, Alton, IL 62002

$165,000

2,442 sqft

One apartment is vacant, creating immediate flexibility for an owner-occupant or new lease placement.

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Remodeled Two-Unit Duplex

821 Alby Street, Alton, IL 62002

$124,900

3,258 sqft 0.22 AC lot

The property combines a two-bedroom residence with a three-bedroom residence and updated finishes in the larger unit.

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Madison County, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Madison County, IL, showcased through 61 active listings on our real estate platform. These investment opportunities span a total of 214,091 square feet of properties for sale, with an estimated market value of $10,350,300.

Sale prices for multifamily properties in Madison County, IL start at $57,000, averaging $240,704, and reaching up to $980,000 — 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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