Madison County, IL Residential Income Properties for Sale

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Updated: Jul 22

Historic Four-Unit Guest House

617 State Street, Alton, IL 62002

$495,000

4,300 sqft 0.21 AC lot

4,300‑square‑foot furnished residence configured as 4 separate living units
Built in 1861 with brick construction, hardwood floors, high ceilings, and four fireplaces
Each unit includes a kitchen and appliances
Lower‑level suite offers a private entrance, lookout windows, and private brick patio
0.2076‑acre corner lot with brick‑sided courtyard, gazebo, privacy fencing, and gated access

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Updated: Aug 25

Fully Occupied Quadplex

91 N Stanley Road, Cottage Hills, IL 62018

$165,000

2,989 sqft 0.23 AC lot

Four occupied residential units in a single‑level quadplex
Unit mix includes three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
2,989 square feet on a 0.2296‑acre lot
Eight on‑site parking spaces
Two sheds measuring 17x17 and 12x12

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Duplex Property with Workshop

1333 11th Street, Cottage Hills, IL 62018

$162,500

1,644 sqft 0.45 AC lot

Two residences and a separate workshop provide flexible living, family, and project space on a fenced parcel.

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See what stands out in Madison County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Occupied Four-Unit Property

91 N Stanley Rd, Cottage Hills, IL 62018

$165,000

2,989 sqft

Single-level layout with varied unit mix, storage sheds, and on-site parking.

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6-Unit Brick Apartment Building

2200 Iowa Street, Granite City, IL 62040

$295,000

4,148 sqft 0.17 AC lot

Six apartment homes across from a hospital, with updated units, parking, and a fenced front yard.

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Newly Built Brick Triplex

329 Rutledge Street, Worden, IL 62097

$379,900

3,300 sqft 0.57 AC lot

Three residential units offer a mix of two- and three-bedroom layouts with electric heating and central air.

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Four-Unit Duplex Package

207-209 Roxana Avenue, South Roxana, IL 62087

$275,000

1,440 sqft 0.14 AC lot

Two parcels combine a ranch-style residential income property with three occupied units and one unit available for leasing or occupancy.

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Three-Unit Apartment Building

2713 College Ave, Alton, IL 62002

$209,000

2,140 sqft

Unit mix includes one two-bedroom apartment and two one-bedroom apartments.

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Five-Unit Apartment Building

1011 State Street, Alton, IL 62002

$225,000

3,826 sqft 0.21 AC lot

Two-story layout includes efficiency and one- and two-bedroom apartments.

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Four-Unit Quadplex with Vacancy

612 Mechanic Street, Alton, IL 62002

$139,000

1,594 sqft 0.17 AC lot

Four compact residential units include a current vacancy alongside established tenancy and practical apartment layouts.

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Remodeled Duplex

821 Alby St, Alton, IL 62002

$124,900

3,258 sqft

Two-unit residential property with distinct bedroom and bathroom layouts, including one recently updated residence.

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Two-Building Apartment Property

2705 College Avenue, Alton, IL 62002

$980,000

0.33 AC lot

Multifamily asset near the Dental College with open parking, central air, and on-site laundry equipment.

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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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2024 All-Brick Triplex

329 Rutledge St, Worden, IL 62097

$379,900

3,300 sqft

Newer three-unit property with a practical mix of two- and three-bedroom residences and available parking.

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Mixed-Use Building with Patio

119 W 3rd Street, Alton, IL 62002

$699,000

0.06 AC lot

Brick property combines commercial space with four residential apartments.

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Brick Duplex Redevelopment Property

427 E 4th Street, Alton, IL 62002

$200,000

2,275 sqft 0.22 AC lot

Gutted two-level residence in a historic district with four bedrooms, two bathrooms, and Mississippi River views.

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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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3-Unit Rental Property

2713 College Avenue, Alton, IL 62002

$209,000

2,140 sqft 0.17 AC lot

Three apartments include one two-bedroom unit and two one-bedroom units with off-street parking.

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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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Remodeled Two-Unit Duplex

821 Alby Street, Alton, IL 62002

$124,900

3,258 sqft 0.22 AC lot

The property combines a two-bedroom residence with a three-bedroom residence and updated finishes in the larger unit.

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Mid-Rise Apartment Community

1010 Enclave Blvd., Edwardsville, IL 62025

Contact for pricing

118,944 sqft

Mid-rise multifamily property with ample parking, green space, and on-site management and maintenance.

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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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Four-Unit Apartment Property

612 Mechanic St, Alton, IL 62002

$139,000

1,594 sqft

Four residential units combine established tenancy with one vacant unit for flexible occupancy or leasing plans.

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Brick Duplex with Detached 1-Car Garage

528 E Main Street, Collinsville, IL 62234

$160,000

1,923 sqft 0.18 AC lot

Two-unit duplex with central air, natural gas forced-air heat, and an oversized detached 1-car garage for added storage or parking.

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Madison County, IL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Madison County, IL, showcased through 57 active listings on our real estate platform. These investment opportunities span a total of 210,797 square feet of properties for sale, with an estimated market value of $8,965,300.

Sale prices for residential income properties in Madison County, IL start at $57,000, averaging $224,132, and reaching up to $980,000 — 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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