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    Madison County, IL Residential Income Properties for Sale

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    Four-Unit Income Duplex
    Updated: Jul 9
    Four-Unit Income Duplex

    2321 Washington Avenue, Granite City, IL 62040

    $140,000
    1,737 sqft 0.11 AC lot
    Four income‑producing units: main 2 bed/2 bath plus upper 1 bed/1 bath, with two efficiency‑style units in the detached two‑story garage building
    Main residence offers a living room, kitchen, and full basement
    Upper level includes a separate 1‑bedroom, 1‑bath living space with its own kitchen and breakfast nook
    Detached two‑story garage building includes a one‑car garage and two additional efficiency‑style living spaces, each with a private bath
    Bungalow‑style home built in 1918 with brick construction, shingle roof, and forced‑air heat
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    This listing looks promising.

    Here's a quick look at some key insights for

    2321 Washington Avenue, Granite City, IL 62040

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    • 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
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    New All-Brick Triplex
    Updated: Jul 11
    New All-Brick Triplex

    329 Rutledge Street, Worden, IL 62097

    $385,000
    3,300 sqft 0.57 AC lot
    Newly completed 2024 all‑brick triplex with central air and forced‑air/electric heating
    Unit mix: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
    Electric water heater; public water and public sewer
    Parking includes assigned and off‑street spaces
    Offered as‑is; includes tenant‑occupied month‑to‑month leases (tenants not to be disturbed)
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    Three-Bedroom Duplex
    Three-Bedroom Duplex

    613 Reed Drive, East Alton, IL 62024

    $120,000
    1,625 sqft 0.05 AC lot

    Rehabilitated duplex with central heat and air, new HVAC, and tenants responsible for utilities.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    528 E Main Street, Collinsville, IL 62234

    $160,000
    1,923 sqft 0.18 AC lot

    Two-unit duplex with detached 1-car garage offers a practical setup for owner-occupants and rental investors.

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    Mid-Rise Apartment Community
    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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    New Construction Duplex
    New Construction Duplex

    652 N Kansas Street, Edwardsville, IL 62025

    $720,000
    4,004 sqft 0.37 AC lot

    Ranch-style duplex featuring two full baths on the main level plus additional living space in a walk-out lower level.

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    Corner Multifamily with 14 Units
    Corner Multifamily with 14 Units

    2705 College Avenue, Alton, IL 62002

    $980,000
    0.33 AC lot

    Two-building investment property near the Dental College, offering 14 units and on-site coin laundry.

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    Two-Story Multifamily Building
    Two-Story Multifamily Building

    1011 State Street, Alton, IL 62002

    $225,000
    3,826 sqft 0.21 AC lot

    Two-story multifamily property with five apartments, including an efficiency unit and two-bedroom residences.

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    Mixed-Use Downtown Restaurant & Apartments
    Mixed-Use Downtown Restaurant & Apartments

    119 W 3rd Street, Alton, IL 62002

    $699,000

    Mixed-use building with restaurant and bar plus four apartments and outdoor patio, near the Mississippi River.

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    Multifamily Redevelopment Property
    Multifamily Redevelopment Property

    427 E 4th Street, Alton, IL 62002

    $200,000
    2,275 sqft 0.22 AC lot

    Gutted multifamily building in Alton, IL, positioned for redevelopment in a historic district setting.

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    Mixed-Use Bar and Apartments
    Mixed-Use Bar and Apartments

    1348 Madison Avenue, Madison, IL 62060

    $199,000
    4,608 sqft 0.29 AC lot

    Mixed-use property includes upstairs rented apartments and a main-floor bar and grill with included kitchen equipment.

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    Multifamily Portfolio in Granite City
    Multifamily Portfolio in Granite City

    2123 Edison, Granite City, IL 08820

    $396,000

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

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    Four-Unit Apartment Quadplex
    Four-Unit Apartment Quadplex

    1238 Brown Street, Alton, IL 62002

    $165,000
    2,442 sqft 0.18 AC lot

    Well-maintained quadplex with four 1-bedroom, 1-bath units, including one currently vacant unit.

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    Two-Unit Duplex Rental
    Two-Unit Duplex Rental

    821 Alby Street, Alton, IL 62002

    $135,000
    3,258 sqft 0.22 AC lot

    Duplex with a 2-bedroom/1-bath unit and a 3-bedroom/2-bath unit, each previously rented monthly.

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    Warehouse with Second-Story Apartments
    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.

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    Mixed-Use Live-Work Building
    Mixed-Use Live-Work Building

    602 Wood River Avenue, Wood River, IL 62095

    $70,000
    2,555 sqft 0.14 AC lot

    B1 zoned mixed-use property with storefront space and two residential units, including a 3-bedroom upstairs apartment.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2200 Iowa Street, Granite City, IL 62040

    $295,000
    4,148 sqft 0.17 AC lot

    Brick six-unit building with six one-bedroom apartments, including laundry areas, newer roof, and fenced front yard.

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    Retail and Apartment Building
    Retail and Apartment Building

    517 W Clay St, Collinsville, IL

    $135,000
    2,785 sqft 0.12 AC lot

    Retail space with attached greenhouse and a two-bedroom apartment.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    516 N Old Edwardsville Road, Roxana, IL 62084

    $69,900
    1,886 sqft 0.19 AC lot

    Two occupied units with month-to-month tenants offer a straightforward residential income setup.

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    Mixed-Use Building with Two Apartments
    Mixed-Use Building with Two Apartments

    258 E Ferguson Ave, Wood River, IL 62095

    $95,000

    Unfinished main level with bathroom plumbing and upstairs two 1-bedroom units, plus shared access to a garage via alley.

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    Two-Unit Duplex with Garage
    Two-Unit Duplex with Garage

    3208 Batson Drive, Alton, IL 62002

    $98,500
    1,072 sqft 0.12 AC lot

    Duplex features two 1BR units, a detached 2-car garage, and in-unit kitchen appliances included.

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    152-Unit Multifamily Investment Opportunity
    152-Unit Multifamily Investment Opportunity

    101 Whitsell Way, Pontoon Beach, IL 62040

    Contact for pricing

    152-unit apartment community near Gateway Commerce Center and major employers.

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    Turnkey Duplex Investment
    Turnkey Duplex Investment

    2446 State Street, Granite City, IL 62040

    $190,000
    2,868 sqft 0.17 AC lot

    Fully occupied two-unit duplex with modern kitchen updates, new windows, and tenant-paid utilities to support day-one income.

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    Fully Rented Townhome Investment
    Fully Rented Townhome Investment

    612-30 Washington, Alton, IL 62002

    Contact for pricing
    0.60 AC lot

    Ten townhomes, fully rented, with recent significant renovations.

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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 37 active listings on our real estate platform. These investment opportunities span a total of 49,004 square feet of properties for sale, with an estimated market value of $3,751,300.

    Sale prices for residential income properties in Madison County, IL start at $69,900, averaging $197,436, and reaching up to $720,000 — 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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