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    Madison, IL Multifamily Properties for Sale

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    Granite City, IL Saint Louis, MO East St Louis, 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
    A-Frame Multi-Unit Property
    $119,900
    1,772 SF

    A-Frame Multi-Unit Property

    1217 Market Street, Madison, IL 62060

    Three-unit property with rehabbed units and investment potential.

    • Three units: two 2‑bed/1‑bath units and one studio apartment.
    • Two front units are freshly rehabbed and rent‑ready.
    • New central HVAC systems installed last year.
    • Potential for high net return on investment.
    • Potential rental income of $1000 each for front units and $700 for back unit.
    Updated: May 26
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    Three-Unit Property with Rehabbed Units
    $119,900
    1,890 SF

    Three-Unit Property with Rehabbed Units

    Three-unit property featuring rehabbed units and potential for high ROI.

    1217 Market Street, Madison, IL 62060
    View details
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Madison, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, 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.

    Renovated Four-Family Near Medical Centers
    $305,000
    3,450 SF

    Renovated Four-Family Near Medical Centers

    Turnkey, renovated 4-family with income potential near hospitals.

    1401 E Prairie Avenue, St, Louis, MO 63107
    View details
    St. Louis Two-Family Investment Property
    $120,000
    0.09 Acres

    St. Louis Two-Family Investment Property

    Two-family property with convenient location and easy access to amenities.

    4410 N 19th Street, St, Louis, MO 63107
    View details
    Granite City Duplex: Investor Opportunity
    Contact for pricing
    1,218 SF

    Granite City Duplex: Investor Opportunity

    Duplex in rough condition, ideal for renovation and resale.

    2345 State Street, Granite City, IL 62040
    View details
    Multifamily Portfolio in Granite City
    $396,000

    Multifamily Portfolio in Granite City

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

    2123 Edison, Granite City, IL 8820
    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
    View details
    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
    View details
    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
    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
    View details

    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
    APARTMENT HOUSE (5+ UNITS)
    2,250 SF Lot: 0.14 Acres
    Value Estimation by Request

    1926 Edwardsville Rd, Madison, IL 62060-1368

    View details
    1432 6th St
    APARTMENT HOUSE (5+ UNITS)
    1,046 SF Lot: 0.25 Acres
    Value Estimation by Request

    1432 6th St, Madison, IL 62060-1467

    View details

    Madison, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 5 multifamily properties for sale in Madison, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,270 square feet of properties for sale, with an estimated market value of $438,800.

    Sale prices for multifamily properties in Madison, IL start at $119,900, averaging $146,266, and reaching up to $199,000 — 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

    Triplexes 2
    Duplexes 1

    Demographics Overview

    Population 3,619
    Population Growth (5Y) -21.1%
    Median Household Income $40,139
    College Educated 10.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62060 $146.3K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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