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    Madison, IL Multifamily Properties for Sale

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    Granite City, IL Saint Louis, MO E St Louis, IL Defiance, MO Washington Park, IL Pontoon Beach, IL Hazelwood, MO Riverview, MO
    Duplex with Bar & Grill and Apartments
    Updated: Jul 11
    Duplex with Bar & Grill and Apartments

    1348 Madison Avenue, Madison, IL 62060

    $199,000
    4,608 sqft 0.29 AC lot
    0.2927‑acre lot with 4,608 SF
    Brick duplex built in 1940
    Roof replaced with architectural shingles in 2023
    Two rented upstairs apartments: 2 bed/1 bath and 1 bed/1 bath
    Main floor bar & grill with included commercial kitchen equipment and walk‑in refrigeration
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 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 1 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.

    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    4318 Randall Pl, Saint Louis, MO 63107

    $84,900
    1,472 sqft

    Four rental units across two buildings, with renovated interiors and one recently updated vacant unit available for showings.

    View details
    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    2013 Grand Avenue, Granite City, IL 62040

    $57,000
    3,925 sqft 0.14 AC lot

    Four 2-bedroom, 1-bath units are offered for sale as-is at 2013 Grand Avenue.

    View details
    Triplex with Conversion Potential
    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.

    View details
    Updated Duplex Package
    Updated Duplex Package

    4324 Randall Pl, Saint Louis, MO 63107

    $84,900
    1,472 sqft

    Four units span two buildings, with individual tax IDs and tenant occupancy.

    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.

    Commercial Land Development Parcel
    Commercial Land Development Parcel

    17039 Hillside Lane, Jerseyville, IL 62052

    $70,000
    2.10 AC lot

    Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

    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)

    1926 Edwardsville Rd, Madison, IL 62060-1368

    $290,000
    Estimated value
    2,250 sqft 0.14 AC lot
    View details
    1432 6th St
    APARTMENT HOUSE (5+ UNITS)

    1432 6th St, Madison, IL 62060-1467

    $160,000
    Estimated value
    1,046 sqft 0.25 AC lot
    View details

    Madison, IL Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Madison, IL on our real estate platform. These investment opportunities span a total of 4,608 square feet of properties for sale, with an estimated market value of $199,000.

    Sale prices for multifamily properties in Madison, IL average $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

    Commercial property segments ranked by active listings on the market

    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 average listing prices of real estate assets

    Neighborhood Average Price
    62060 $199K

    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)

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