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    Madison, IL Residential Income Properties for Sale

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    Granite City, IL Saint Louis, MO Defiance, MO
    Mixed-Use Property with Income Potential
    $199,000
    4,608 SF
    Mixed-Use Property with Income Potential

    1348 Madison Avenue, Madison, IL 62060

    Mixed-use property featuring residential and commercial income opportunities.
    • Turnkey bar & grill ready for immediate operation or tenant placement, previously rented for $1,500/month.
    • Two currently rented residential apartments generating income: a 2‑bedroom unit at $900/month and a furnished 1‑bedroom unit at $850/month.
    • All kitchen equipment included: commercial stove top, fryers, prep coolers, range hood, walk‑in refrigeration system, and beer coolers.
    • Extra parcel included (1400 Madison Ave): a gravel lot for parking or development.
    • Roof completely replaced in 2023 with architectural shingles.
    Updated: Mar 5
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    A-Frame Multi-Unit Property
    $119,900
    1,772 SF
    A-Frame Multi-Unit Property

    1217 Market Street, Madison, IL 62060

    Three-unit property with rehabbed units and investment potential.
    • Three units: two 2‑bed/1‑bath units and one studio apartment.
    • Two front units are freshly rehabbed and rent‑ready.
    • New central HVAC systems installed last year.
    • Potential for high net return on investment.
    • Potential rental income of $1000 each for front units and $700 for back unit.
    Updated: Jun 8
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    Three-Unit Property with Rehabbed Units
    $119,900
    1,890 SF
    Three-Unit Property with Rehabbed Units

    Three-unit property featuring rehabbed units and potential for high ROI.

    1217 Market Street, Madison, IL 62060

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Madison, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    Turnkey Four-Unit Residential Property
    $295,000
    3,450 SF
    Turnkey Four-Unit Residential Property

    Fully renovated four-unit building with approved occupancy permits and 1-bedroom layouts suited for long-term or mid-term stays.

    1401 E Prairie Avenue, St, Louis, MO 63107

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    St. Louis Two-Family Investment Property
    $120,000
    0.09 Acres
    St. Louis Two-Family Investment Property

    Two-family property with convenient location and easy access to amenities.

    4410 N 19th Street, St, Louis, MO 63107

    View details
    Bar & Gaming Mixed-Use Property
    $250,000
    0.00 Acres
    Bar & Gaming Mixed-Use Property

    Mixed-use package includes a long-running bar and grill, adjacent gaming, and added rental spaces.

    931 Neidringhaus Avenue, Granite City, IL 62040

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    Multifamily Portfolio in Granite City
    $396,000
    Multifamily Portfolio in Granite City

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

    2123 Edison, Granite City, IL 8820

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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.

    Vacant Land in Madison, IL
    Contact for pricing
    0.25 Acres
    Vacant Land in Madison, IL

    Vacant lot for redevelopment in established Madison, IL neighborhood.

    217 W 2nd Street, Madison, IL 62060

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    Buildable Corner Lot in Granite
    Contact for pricing
    0.36 Acres
    Buildable Corner Lot in Granite

    Over a third acre corner lot with available utilities.

    2830 Cayuga Street, Granite City, IL 62040

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    Residential Corner Lot in Granite
    Contact for pricing
    0.17 Acres
    Residential Corner Lot in Granite

    0.17-acre residential vacant corner lot in a calm neighborhood.

    2400 W 23rd Street, Granite City, IL 62040

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    Residential Land in Granite City
    Contact for pricing
    0.14 Acres
    Residential Land in Granite City

    Residential lots available in Granite City, Illinois.

    2531 E 25th Street, Granite City, IL 62040

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    Off-Market Properties in Madison, IL

    Consider similar Off-Market properties in Madison, 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.

    1926 Edwardsville Rd
    APARTMENT HOUSE (5+ UNITS)
    2,250 SF Lot: 0.14 Acres
    Value Estimation by Request

    1926 Edwardsville Rd, Madison, IL 62060-1368

    View details
    1432 6th St
    APARTMENT HOUSE (5+ UNITS)
    1,046 SF Lot: 0.25 Acres
    Value Estimation by Request

    1432 6th St, Madison, IL 62060-1467

    View details

    Madison, IL Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Madison, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,270 square feet of properties for sale, with an estimated market value of $438,800.

    Sale prices for residential income properties in Madison, IL start at $119,900, averaging $146,266, and reaching up to $199,000 — 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 3
    Triplexes 2
    Duplexes 1

    Demographics Overview

    Population 3,619
    Population Growth (5Y) -21.1%
    Median Household Income $40,139
    College Educated 10.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62060 $146.3K

    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)

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