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    Madison, IL
    Multifamily

    Madison, IL Multifamily Properties for Sale

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    Granite City, IL Saint Louis, MO Defiance, MO East St Louis, IL Pontoon Beach, IL Hazelwood, MO Riverview, MO Cahokia, IL
    Mixed-Use Building with Bar and Apartments
    Updated: Jul 11
    Mixed-Use Building with Bar and Apartments

    1348 Madison Avenue, Madison, IL 62060

    $199,000
    4,608 sqft 0.29 AC lot
    4,608‑square‑foot mixed‑use building on a 0.2927‑acre parcel
    Two residential units: 2‑bedroom/1‑bath and furnished 1‑bedroom/1‑bath
    Main‑floor bar‑and‑grill space with commercial kitchen equipment
    Walk‑in refrigeration, beer coolers, fryers, prep coolers, and range hood included
    Architectural shingle roof replaced in 2023
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    Eight-Unit Apartment Buildings
    Updated: Sep 10
    Eight-Unit Apartment Buildings

    1906 Rhodes St, Madison, IL 62060

    $520,000
    2,250 sqft
    Two buildings with eight total 1 bed/1 bath units
    50% of units updated with LVP flooring and stainless steel kitchen appliances
    Windows and exterior doors replaced in 2025
    New attic insulation installed in 2025
    Crawlspace vapor barrier and rim joist insulation added in 2025
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    Updated Four-Unit Apartment Property
    Updated Four-Unit Apartment Property

    1724 Kennedy Dr, Madison, IL 62060

    $260,000
    2,190 sqft

    Four apartment residences with recent interior and building-system improvements suited to an income-producing ownership strategy.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    6-Unit Apartment Building
    6-Unit Apartment Building

    924 MADISON AVE, Madison, IL 62060

    Contact for pricing
    3,514 sqft

    Six residential units are housed in one multifamily structure.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 4 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.

    Brick Four-Unit Apartment Building
    Brick Four-Unit Apartment Building

    2013 Grand Avenue, Granite City, IL 62040

    $57,000
    3,925 sqft 0.14 AC lot

    Four residential units offer central air, forced-air heating, public water, and a combination of on- and off-street parking.

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    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.

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    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.

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    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.

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    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 with Concrete Pad
    Commercial Land with Concrete Pad

    17039 Hillside Lane, Jerseyville, IL 62052

    $70,000
    2.10 AC lot

    Unzoned parcel with a concrete pad and new electric and water service.

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    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

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

    1432 6th St, Madison, IL 62060-1467

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

    Madison, IL Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Madison, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 12,562 square feet of properties for sale, with an estimated market value of $979,000.

    Sale prices for multifamily properties in Madison, IL start at $199,000, averaging $326,333, and reaching up to $520,000 — 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

    Apartment buildings 2
    Quadplexes 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 $326.3K

    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)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Madison County

    Residential Income

    How Realmo verifies these figures

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