Madison County, IL Multifamily Properties for Sale

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Updated: May 17

Two-Unit Residential Income Duplex

528 E Main Street, Collinsville, IL 62234

$160,000

1,923 sqft 0.18 AC lot

Two‑unit building with Unit A (main level) and Unit B (upstairs)
Unit A: 3 bedrooms, 2 bathrooms, laundry hookups, spacious living room, kitchen, plus a flexible room
Unit B: 2 bedrooms, 1 bathroom, kitchen, and additional storage space
Oversized detached 1‑car garage at the rear of the property for extra storage or parking
Brick and vinyl siding construction with natural gas forced‑air heat and central air

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This listing looks promising.

Here's a quick look at some key insights for

528 E Main Street, Collinsville, IL 62234

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$14K
Annual
Price @ 7% Cap

$202K
Above asking
Property Type

Duplex
Built 1900

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Updated: Apr 13

New All-Brick Triplex

329 Rutledge Street, Worden, IL 62097

$385,000

3,300 sqft 0.57 AC lot

Newly completed 2024 all‑brick triplex with central air and forced‑air/electric heating
Unit mix: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
Electric water heater; public water and public sewer
Parking includes assigned and off‑street spaces
Offered as‑is; includes tenant‑occupied month‑to‑month leases (tenants not to be disturbed)

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Mixed-Use Bar and Apartments

1348 Madison Avenue, Madison, IL 62060

$199,000

4,608 sqft 0.29 AC lot

Mixed-use property includes upstairs rented apartments and a main-floor bar and grill with included kitchen equipment.

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Two-Story Multifamily Building

1011 State Street, Alton, IL 62002

$225,000

3,826 sqft 0.21 AC lot

Two-story multifamily property with five apartments, including an efficiency unit and two-bedroom residences.

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Mid-Rise Apartment Community

1010 Enclave Blvd., Edwardsville, IL 62025

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118,944 sqft

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

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Turnkey Duplex Investment

2446 State Street, Granite City, IL 62040

$190,000

2,868 sqft 0.17 AC lot

Fully occupied two-unit duplex with modern kitchen updates, new windows, and tenant-paid utilities to support day-one income.

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Corner Multifamily with 14 Units

2705 College Avenue, Alton, IL 62002

$980,000

0.33 AC lot

Two-building investment property near the Dental College, offering 14 units and on-site coin laundry.

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Multifamily Portfolio in Granite City

2123 Edison, Granite City, IL 08820

$396,000

24-unit multifamily portfolio across multiple properties in Granite City, Illinois.

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Multifamily Redevelopment Property

427 E 4th Street, Alton, IL 62002

$200,000

2,275 sqft 0.22 AC lot

Gutted multifamily building in Alton, IL, positioned for redevelopment in a historic district setting.

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Mixed-Use Live-Work Building

602 Wood River Avenue, Wood River, IL 62095

$88,500

2,555 sqft 0.14 AC lot

B1 zoned mixed-use property with storefront space and two residential units, including a 3-bedroom upstairs apartment.

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Retail and Apartment Building

517 W Clay St, Collinsville, IL

$135,000

2,785 sqft 0.12 AC lot

Retail space with attached greenhouse and a two-bedroom apartment.

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Two-Unit Residential Income Property

516 N Old Edwardsville Road, Roxana, IL 62084

$69,900

1,886 sqft 0.19 AC lot

Two occupied units with month-to-month tenants offer a straightforward residential income setup.

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Four-Unit Residential Income Property

612 Mechanic Street, Alton, IL 62002

$139,000

1,594 sqft 0.17 AC lot

Four 1-bedroom, 1-bath units on one centrally located property in Alton, with three units occupied.

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Mixed-Use Building with Two Apartments

258 E Ferguson Ave, Wood River, IL 62095

$95,000

Unfinished main level with bathroom plumbing and upstairs two 1-bedroom units, plus shared access to a garage via alley.

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Three-Unit Residential Income Property

187 Goulding Street, East Alton, IL 62024

$54,900

1,288 sqft 0.10 AC lot

Vacant three-unit duplex-and-single-family property with separate electric, water, and gas meters, ready for rehab.

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Two-Unit Duplex Investment Property

2345 State Street, Granite City, IL 62040

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1,218 sqft 0.20 AC lot

Two-unit duplex in Granite City with a spacious layout, suited for investors prepared for major renovation.

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152-Unit Multifamily Investment Opportunity

101 Whitsell Way, Pontoon Beach, IL 62040

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152-unit apartment community near Gateway Commerce Center and major employers.

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Fully Rented Townhome Investment

612-30 Washington, Alton, IL 62002

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0.60 AC lot

Ten townhomes, fully rented, with recent significant renovations.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Madison County, IL, we suggest to view alternatives - similar 54 Off-Market properties to explore as potential leads.

Off-Market Properties in Madison County, IL

Consider similar Off-Market properties in Madison County, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

2323 Washington Ave, Granite City, IL 62040-5441

Value Estimation by Request

1,880 sqft 0.11 AC lot

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APARTMENT HOUSE (5+ UNITS)

501 Guernsey St, Collinsville, IL 62234-3311

Value Estimation by Request

2,940 sqft 0.40 AC lot

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APARTMENT HOUSE (5+ UNITS)

209 Humboldt St, Marine, IL 62061-1418

Value Estimation by Request

1,240 sqft 0.41 AC lot

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APARTMENT HOUSE (5+ UNITS)

2500 Donald Ave, Alton, IL 62002-2817

Value Estimation by Request

2,485 sqft 0.21 AC lot

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APARTMENT HOUSE (5+ UNITS)

476 Hamilton Ave, Wood River, IL 62095-1572

Value Estimation by Request

962 sqft 0.12 AC lot

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APARTMENT HOUSE (5+ UNITS)

213 Broadway, Highland, IL 62249-2099

Value Estimation by Request

4,352 sqft 0.27 AC lot

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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 18 active listings on our real estate platform. These investment opportunities span a total of 28,908 square feet of properties for sale, with an estimated market value of $1,846,300.

Sale prices for multifamily properties in Madison County, IL start at $54,900, averaging $167,845, and reaching up to $385,000 — 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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