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    Granite City, IL Residential Income Properties for Sale

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    Six-Unit Apartment Building
    Updated: Sep 8
    Six-Unit Apartment Building

    2222 Alexander Street, Granite City, IL 62040

    $285,500
    2,470 sqft 0.30 AC lot
    Six one‑bedroom apartment units with 100% occupancy
    2,470‑square‑foot apartment building on 0.2984 acres
    1950 ranch‑style construction with vinyl siding
    Updated electrical service, newer rear thermal windows, storm doors, and front porches
    Full basement with tenant access to electrical boxes; no tenant storage
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    6-Unit Brick Apartment Building
    Updated: Jul 22
    6-Unit Brick Apartment Building

    2200 Iowa Street, Granite City, IL 62040

    $295,000
    4,148 sqft 0.17 AC lot
    6 one‑bedroom, one‑bath apartments in a 4,148‑square‑foot building
    Brick construction completed in 1963
    Three units occupied and three units vacant
    Several units have been updated
    Newer shingle roof, side parking, porch, and fenced front yard
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    Updated Triplex Rental Property
    Updated Triplex Rental Property

    2704 Idaho Avenue, Granite City, IL 62040

    $120,000
    1,440 sqft 0.08 AC lot

    Three residential units with updated interiors, central air, and on-street parking near Wilson Park.

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    See hot listings in Granite City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Updated Three-Unit Rental Property
    Updated Three-Unit Rental Property

    2704 Idaho Ave, Granite City, IL 62040

    $120,000
    1,440 sqft

    Three residential units offer a compact multifamily configuration for rental use.

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    Gutted Triplex with Replacement Windows
    Gutted Triplex with Replacement Windows

    1937 Benton Street, Granite City, IL 62040

    $70,000
    2,609 sqft 0.14 AC lot

    Three-unit residential property with off-street parking and a front porch.

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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Brick Quadplex with Garage
    Brick Quadplex with Garage

    2230 E 24th Street, Granite City, IL 62040

    $60,000
    0.24 AC lot

    Four-unit residential income property with two one-bedroom apartments, two studios, and basement storage.

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    Apartment Building with Central Air
    Apartment Building with Central Air

    2013 Grand Avenue A,B,A,B, Granite City, IL 62040

    $57,000
    3,925 sqft

    Apartment building with central air, forced-air natural gas, and off- and on-street parking.

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    Brick Duplex with Central Air
    Brick Duplex with Central Air

    2345 State Street, Granite City, IL 62040

    Contact for pricing
    1,218 sqft 0.20 AC lot

    Two-unit property with central air and substantial renovation needs.

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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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    Mixed-Use Office and Retail
    Mixed-Use Office and Retail

    3009 Nameoki Rd, Granite City, IL 62040

    Contact for pricing
    2,400 sqft

    Property includes office/retail/commercial space with multiple rooms plus a 2-bedroom apartment upstairs.

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    Multifamily Portfolio in Granite City
    Multifamily Portfolio in Granite City

    2123 Edison, Granite City, IL 08820

    Contact for pricing

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

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    Four-Unit Quadplex
    Four-Unit Quadplex

    2013 Grand Ave #A,B,A,B, Granite City, IL 62040

    $57,000
    3,925 sqft

    Four two-bedroom residences provide a consistent unit configuration within this Granite City multifamily property.

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    Four-Unit Quadplex
    Four-Unit Quadplex

    Granite City, IL 62040

    $57,000

    Each residence includes central air, forced-air heating, and natural gas service.

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    Based on your search, we've compiled 29 Potential Opportunities for your consideration. Besides 14 Active listings in Granite City, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 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.

    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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    Mixed-Use Building with Bar and Apartments
    Mixed-Use Building with Bar and Apartments

    1348 Madison Avenue, Madison, IL 62060

    $199,000
    4,608 sqft 0.29 AC lot

    Brick property combines two occupied apartments with a restaurant-ready commercial space and separate gravel parking parcel.

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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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    4-Unit Multifamily Property
    4-Unit Multifamily Property

    Saint Louis, MO 63107

    $84,900
    1,472 sqft 0.07 AC lot

    Four rental units span two buildings, with a recently updated vacant unit available for showings.

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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.

    Oversized Corner Lot in Granite
    Oversized Corner Lot in Granite

    2701 Marshall Avenue, Granite City, IL 62040

    Contact for pricing
    0.23 AC lot

    Residential vacant corner lot in a peaceful Granite City neighborhood.

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    Buildable Corner Lot in Granite
    Buildable Corner Lot in Granite

    2830 Cayuga Street, Granite City, IL 62040

    Contact for pricing
    0.36 AC lot

    Over a third acre corner lot with available utilities.

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    Residential Lot in Granite City
    Residential Lot in Granite City

    2116 Miracle Avenue, Granite City, IL 62040

    Contact for pricing
    0.14 AC lot

    Vacant residential lot in established Granite City neighborhood.

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    Vacant Land in Madison, IL
    Vacant Land in Madison, IL

    217 W 2nd Street, Madison, IL 62060

    Contact for pricing
    0.25 AC lot

    Vacant lot for redevelopment in established Madison, IL neighborhood.

    View details

    Off-Market Properties in Granite City, IL

    Consider similar Off-Market properties in Granite City, 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.

    2323 Washington Ave
    APARTMENT HOUSE (5+ UNITS)

    2323 Washington Ave, Granite City, IL 62040-5441

    Estimated value:
    $195,000
    1,880 sqft 0.11 AC lot
    View details
    2127 Lincoln Ave
    APARTMENT HOUSE (5+ UNITS)

    2127 Lincoln Ave, Granite City, IL 62040-5555

    Estimated value:
    $330,000
    3,780 sqft 0.23 AC lot
    View details
    3801 Lk Dr
    MOBILE HOME PARK, TRAILER PARK

    3801 Lk Dr, Granite City, IL 62040-4311

    Estimated value:
    $2,635,000
    924 sqft 14.35 AC lot
    View details
    4419 Horseshoe Lk Rd
    MOBILE HOME PARK, TRAILER PARK

    4419 Horseshoe Lk Rd, Granite City, IL 62040-6565

    Estimated value:
    $410,000
    1,600 sqft 67.01 AC lot
    View details
    2215 Washington Ave
    APARTMENT HOUSE (5+ UNITS)

    2215 Washington Ave, Granite City, IL 62040-5442

    Estimated value:
    $185,000
    780 sqft 0.17 AC lot
    View details
    1A Parktown Dr
    Multifamily properties

    1A Parktown Dr, Granite City, IL 62040

    Estimated value: by Request
    8.30 AC lot
    View details

    Granite City, IL Residential Income Properties Market Trends and Statistics

    Explore 21 residential income properties for sale in Granite City, IL, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 30,109 square feet of properties for sale, with an estimated market value of $1,248,500.

    Sale prices for residential income properties in Granite City, IL start at $57,000, averaging $113,500, and reaching up to $295,000 — 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

    Multifamily properties 13
    Apartment buildings 4
    Quadplexes 4
    Triplexes 4
    Duplexes 1

    Demographics Overview

    Population 40K
    Population Growth (5Y) -4.9%
    Median Household Income $60,558
    College Educated 20.7%

    High-Yield Neighborhoods for Investment

    Identify Granite City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62040 $102.6K

    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

    Property Size Breakdown

    The majority of commercial real estate listings in Granite City fall within the 100,000+ square foot range.

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    • 08820
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