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    Madison County, IL Residential Income Properties for Sale

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    50 properties
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    Historic Four-Unit Guest House
    Updated: Jul 22
    Historic Four-Unit Guest House

    617 State Street, Alton, IL 62002

    $485,000
    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
    View details
    Two-Unit Duplex with Porches
    Updated: Oct 5
    Two-Unit Duplex with Porches

    302 E Central Street, Bethalto, IL 62010

    $325,000
    2,352 sqft 0.31 AC lot
    Two units, each with 3 bedrooms and 2 1/2 bathrooms
    2,352 square feet on a 0.31‑acre lot
    Built in 2010
    One unit is occupied; the vacant unit has fresh paint, new carpet, and stainless‑steel appliances
    Front and rear porches with off‑street parking
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    Duplex with Attached Garages
    Duplex with Attached Garages

    26 Fox Meadow Lane, Glen Carbon, IL 62034

    $319,900
    1,958 sqft 0.35 AC lot

    Two matching residences offer private outdoor space, walk-out lower levels, and separate one-car garages.

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    Historic Quadplex with Courtyard
    Historic Quadplex with Courtyard

    617 State St, Alton, IL 62002

    $485,000
    4,300 sqft 0.21 AC lot

    Four furnished living units include individual kitchens and appliances.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    1011 State Street, Alton, IL 62002

    $225,000
    3,826 sqft 0.21 AC lot

    The two-story property offers a varied residential mix, with efficiency, one-bedroom, and two-bedroom apartments.

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    Fully Occupied Quadplex
    Fully Occupied Quadplex

    91 N Stanley Road, Cottage Hills, IL 62018

    $165,000
    2,989 sqft 0.23 AC lot

    Single-level four-unit property with a varied bedroom mix, private storage sheds, and on-site parking.

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    6-Unit Brick Apartment Building
    6-Unit Brick Apartment Building

    2200 Iowa Street, Granite City, IL 62040

    $289,900
    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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    Eight-Unit Apartment Buildings
    Eight-Unit Apartment Buildings

    1906 Rhodes St, Madison, IL 62060

    $520,000
    2,250 sqft

    Two-building rental property with recent exterior and insulation improvements.

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    Two-Unit Brick Duplex
    Two-Unit Brick Duplex

    824 Henry Street, Alton, IL 62002

    $235,000
    2,290 sqft 0.17 AC lot

    Both apartments are currently rented, with a one-bedroom layout downstairs and a two-bedroom residence above.

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    Remodeled Two-Unit Duplex
    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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    Two-Home Multifamily Property
    Two-Home Multifamily Property

    1333 11th St, Cottage Hills, IL 62018

    $162,500
    1,644 sqft 0.45 AC lot

    Two residences and a separate workshop share a fenced parcel with parking for both homes.

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    Newly Built Brick Triplex
    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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    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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    Four-Unit Duplex Package
    Four-Unit Duplex Package

    207-209 Roxana Ave, South Roxana, IL 62087

    $275,000
    1,440 sqft

    Two parcels convey together, with three units occupied and one available for leasing or owner occupancy.

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    Four-Unit Quadplex with Vacancy
    Four-Unit Quadplex with Vacancy

    612 Mechanic Street, Alton, IL 62002

    $119,000
    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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    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 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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    Duplex Property with Workshop
    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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    Duplex with Finished Basements
    Duplex with Finished Basements

    20-22 Carol Dr, Collinsville, IL 62234

    $249,000
    3,160 sqft

    Both residences are occupied and include kitchen appliances plus washer and dryer hookups.

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    Mixed-Use Building with Patio
    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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    Occupied Four-Unit Property
    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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    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    2248 E Broadway, Alton, IL 62002

    $220,000
    0.14 AC lot

    Brick commercial property with an occupied two-bedroom apartment, flexible business space, and a detached two-bay garage.

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    Remodeled Duplex
    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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    Four-Unit Duplex Package
    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.

    View details
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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 50 active listings on our real estate platform. These investment opportunities span a total of 226,532 square feet of properties for sale, with an estimated market value of $10,367,900.

    Sale prices for residential investment properties in Madison County, IL start at $57,000, averaging $241,113, 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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    Featured Madison County Real Estate Agencies

    Realmo connects you with licensed Madison County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Tarrant & Harman Real Estate and Auction Co.
    3644 Fosterburg Rd. Alton, IL 62002
    Phone: 16184339436
    www.tarrantandharman.com
    Keller Williams Marquee
    1254 University Drive, Ste 200 Edwardsville, IL 62025
    Phone: 16183075616
    www.kwmarquee.com
    Nester Realty Inc.
    2110 Troy Rd., Ste. G Edwardsville, IL 62234
    Phone: 16185674000
    www.nesterrealty.com
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