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    Madison, IL Multifamily Properties for Sale

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    Springfield, IL Hoffman Estates, IL Belleville, IL
    Mixed-Use Property with Income Potential
    $199,000
    4,608 SF

    Mixed-Use Property with Income Potential

    1348 Madison Avenue, Madison, IL 62060

    Mixed-use property featuring residential and commercial income opportunities.

    • Turnkey bar & grill ready for immediate operation or tenant placement, previously rented for $1,500/month.
    • Two currently rented residential apartments generating income: a 2‑bedroom unit at $900/month and a furnished 1‑bedroom unit at $850/month.
    • All kitchen equipment included: commercial stove top, fryers, prep coolers, range hood, walk‑in refrigeration system, and beer coolers.
    • Extra parcel included (1400 Madison Ave): a gravel lot for parking or development.
    • Roof completely replaced in 2023 with architectural shingles.
    Updated: Mar 5
    View details
    Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 1 Active listings in Madison, IL, we suggest exploring several alternatives: similar 2 Off-Market properties to explore as potential leads

    Explore Off-Market Properties in Madison, IL

    Consider similar Off-Market properties in Madison, 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.

    1926 Edwardsville Rd

    1926 Edwardsville Rd

    APARTMENT HOUSE (5+ UNITS) • 2,250 SF
    Value Estimation by Request
    1926 Edwardsville Rd, Madison, IL 62060-1368
    View details
    1432 6th St

    1432 6th St

    APARTMENT HOUSE (5+ UNITS) • 1,046 SF
    Value Estimation by Request
    1432 6th St, Madison, IL 62060-1467
    View details

    Madison, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 3 multifamily properties for sale in Madison, IL on our real estate platform. These investment opportunities span a total of 18,750 square feet of properties for sale, with an estimated market value of $489,000.

    Sale prices for multifamily properties in Madison, IL start at $199,000, averaging $244,500, and reaching up to $290,000 — 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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