Granite City, IL Residential Income Properties for Sale

List

Map

Madison, IL Pontoon Beach, IL Louis, MO Riverview, MO Hazelwood, MO E St Louis, IL Defiance, MO Washington Park, IL

15 properties

Sort:

Updated: Jun 29

Four-Unit Quadplex with Detached Garages

2321 Washington Ave, Granite City, IL 62040

$140,000

1,737 sqft

Four separate rental units currently configured within the property
Main residence includes 2 bedrooms, 2 bathrooms, and a full basement
Upper unit offers 1 bedroom, 1 bathroom, kitchen, breakfast nook, and living area
Detached two‑story garage includes a one‑car garage and 2 efficiency‑style units
Total property size of 1,737 square feet

View details

This listing looks promising.

Here's a quick look at some key insights for

2321 Washington Ave, Granite City, IL

View Property Analytics

Est. Cap Rate

9.1%
Above avg (5.9%)
Est. NOI

$13K
Annual
Price @ 7% Cap

$183K
Above asking
Property Type

Single Family Residence
Built 1918

View Property Analytics

Updated: Jul 22

Brick 6-Unit Apartment Building

2200 Iowa Street, Granite City, IL 62040

$295,000

4,148 sqft 0.17 AC lot

6 units with six 1‑bedroom, 1‑bath apartments
Several units updated; newer shingle roof
Side parking plus fenced front yard area
Cooling mix of central air and wall/window unit(s)
Heating varies by unit with forced air

View details

Updated Three-Unit Triplex

2704 Idaho Avenue, Granite City, IL 62040

$120,000

1,440 sqft 0.08 AC lot

Three-unit rental property with refreshed interiors, central air, and forced-air heating.

View details

Triplex Property with Porch

1937 Benton Street, Granite City, IL 62040

$70,000

2,609 sqft 0.14 AC lot

Mostly gutted interior offered as-is, with replacement windows and doors included.

View details

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

Bungalow Quadplex with Detached Garage

2321 Washington Avenue, Granite City, IL 62040

$140,000

1,737 sqft 0.11 AC lot

Four-unit bungalow configured for rental income, featuring a detached two-story garage building with additional efficiency units.

View details

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

4-Unit Brick Quadplex with Basement

2230 E 24th Street, Granite City, IL 62040

$66,000

0.24 AC lot

4-unit brick quadplex built in 1910 with forced-air heating, window A/C, and a full basement with storage.

View details

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.

View details

Two-Unit Duplex Investment Property

2345 State Street, Granite City, IL 62040

Contact for pricing

1,218 sqft 0.20 AC lot

Two-unit duplex in Granite City with a spacious layout, suited for investors prepared for major renovation.

View details

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

Tavern Property With Rental Units

931 & 935 Niedringhaus Avenue, Granite City, IL 62040

$250,000

Operating tavern property with two commercial buildings and attached residential accommodations.

View details

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.

View details

Warehouse with Second-Story Apartments

2109 Johnson Road, Granite City, IL 62040

Contact for pricing

4,048 sqft

Two-story concrete block building includes ground-floor warehouse space and two rental apartments above.

View details

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.

View details

Historic Office Building and Apartments

2100 Delmar Avenue, Granite City, IL 62040

Contact for pricing

Corner commercial building with two street-facing entrances on the ground floor and two residential units upstairs.

View details

Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 15 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.

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

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

Duplex with Private Entrances

4322 Randall Place, St, Louis, MO 63107

$84,900

1,472 sqft 0.06 AC lot

Tenant-occupied duplex with a recently updated vacant unit available for showings, featuring central air and private entrances.

View details

Duplex with Private Entrance and Balcony

4324 Randall Place, St, Louis, MO 63107

$84,900

1,472 sqft 0.07 AC lot

Brick duplex with central air, natural gas heat, and private entrances, including an updated vacant unit for showings.

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.

Residential Land in Granite City

2531 E 25th Street, Granite City, IL 62040

Contact for pricing

0.14 AC lot

Residential lots available in Granite City, Illinois.

View details

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.

View details

Granite City Buildable Residential Lot

2815 Harding Avenue, Granite City, IL 62040

Contact for pricing

5,449 sqft 0.12 AC lot

Affordable buildable lot near parks, schools, and major highways.

View details

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.

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.

APARTMENT HOUSE (5+ UNITS)

2323 Washington Ave, Granite City, IL 62040-5441

$195,000

Estimated value

1,880 sqft 0.11 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

2127 Lincoln Ave, Granite City, IL 62040-5555

$330,000

Estimated value

3,780 sqft 0.23 AC lot

View details

MOBILE HOME PARK, TRAILER PARK

3801 Lk Dr, Granite City, IL 62040-4311

$2,635,000

Estimated value

924 sqft 14.35 AC lot

View details

MOBILE HOME PARK, TRAILER PARK

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

$410,000

Estimated value

1,600 sqft 67.01 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

2215 Washington Ave, Granite City, IL 62040-5442

$185,000

Estimated value

780 sqft 0.17 AC lot

View details

Multifamily properties

1A Parktown Dr, Granite City, IL 62040

Value Estimation by Request

8.30 AC lot

View details

Land

2933 Warren Ave, Granite City, IL 62040

Value Estimation by Request

View details

Granite City, IL Residential Income Properties Market Trends and Statistics

Explore 22 residential income properties for sale in Granite City, IL, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 29,796 square feet of properties for sale, with an estimated market value of $1,265,000.

Sale prices for residential income properties in Granite City, IL start at $57,000, averaging $126,500, 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.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$115.1K

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)

Property Size Breakdown

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

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Granite City, IL Residential Income Properties for Sale

2321 Washington Ave, Granite City, IL 62040

2200 Iowa Street, Granite City, IL 62040

2704 Idaho Avenue, Granite City, IL 62040

1937 Benton Street, Granite City, IL 62040

2321 Washington Avenue, Granite City, IL 62040

2013 Grand Avenue, Granite City, IL 62040

2230 E 24th Street, Granite City, IL 62040

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

2345 State Street, Granite City, IL 62040

1937 Benton St, Granite City, IL 62040

931 & 935 Niedringhaus Avenue, Granite City, IL 62040

3009 Nameoki Rd, Granite City, IL 62040

2109 Johnson Road, Granite City, IL 62040

2123 Edison, Granite City, IL 08820

2100 Delmar Avenue, Granite City, IL 62040

Opportunities in Nearby Cities

4318 Randall Pl, Saint Louis, MO 63107

4324 Randall Pl, Saint Louis, MO 63107

4322 Randall Place, St, Louis, MO 63107

4324 Randall Place, St, Louis, MO 63107

Potential Development Sites for Consideration

2531 E 25th Street, Granite City, IL 62040

2701 Marshall Avenue, Granite City, IL 62040

2815 Harding Avenue, Granite City, IL 62040

2830 Cayuga Street, Granite City, IL 62040

Off-Market Properties in Granite City, IL

2323 Washington Ave, Granite City, IL 62040-5441

2127 Lincoln Ave, Granite City, IL 62040-5555

3801 Lk Dr, Granite City, IL 62040-4311

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

2215 Washington Ave, Granite City, IL 62040-5442

1A Parktown Dr, Granite City, IL 62040

2933 Warren Ave, Granite City, IL 62040

Granite City, IL Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

Need Help?

Popular Searches in Granite City, IL

Popular Categories

Most Searched ZIP Codes in Granite City, IL

Select Neighborhood