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    Madison, IL
    Residential Income

    Madison, IL Residential Income Properties for Sale

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    Granite City, IL Saint Louis, MO East St Louis, IL Pontoon Beach, IL Hazelwood, MO Riverview, MO
    Eight-Unit Apartment Buildings
    Updated: Sep 10
    Eight-Unit Apartment Buildings

    1906 Rhodes St, Madison, IL 62060

    $520,000
    2,250 sqft
    Two buildings with eight total 1 bed/1 bath units
    50% of units updated with LVP flooring and stainless steel kitchen appliances
    Windows and exterior doors replaced in 2025
    New attic insulation installed in 2025
    Crawlspace vapor barrier and rim joist insulation added in 2025
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    Updated Four-Unit Apartment Property
    Updated: Sep 6
    Updated Four-Unit Apartment Property

    1724 Kennedy Dr, Madison, IL 62060

    $260,000
    2,190 sqft
    Four 1 bed/1 bath units in a 2,190‑square‑foot quadplex
    Most units feature LVP flooring, stainless steel appliances, updated lighting, and refreshed bathroom finishes
    Roof and AC replaced in the last two years
    Windows and exterior doors replaced in 2025
    New attic insulation, crawlspace vapor barrier, and rim joist insulation added in 2025
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    6-Unit Apartment Building
    6-Unit Apartment Building

    924 MADISON AVE, Madison, IL 62060

    Contact for pricing
    6 units  3,514 sqft  1 building  Built 1920

    Six residential units are housed in one multifamily structure.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    3 active listings match your search: Residential Income for sale in Madison, IL. Based on your search, we've also compiled 10 Potential Opportunities for your consideration: 4 properties in nearby cities, 2 off-market properties to explore as potential leads, and 4 land listings with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Triplex with Replacement Windows
    Triplex with Replacement Windows

    1937 Benton Street, Granite City, IL 62040

    $70,000
    3 units  2,609 sqft  Built 1895  0.14 acres

    The mostly gutted building includes off-street parking, a porch, and natural gas availability.

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    Triplex with Conversion Potential
    Triplex with Conversion Potential

    1937 Benton St, Granite City, IL 62040

    $70,000
    3 units  2,609 sqft  1 building  Built 1895

    Mostly gutted multifamily property offered as-is with replacement windows and doors included.

    View details
    Four-Unit Multifamily Property
    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.

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    Renovated Multifamily Property
    Renovated Multifamily Property

    4322 Randall Pl, Saint Louis, MO 63107

    $84,900
    1,472 sqft

    Four occupied rental units span two buildings, with one updated vacancy available for showings.

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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
    Vacant Land in Madison, IL

    217 W 2nd Street, Madison, IL 62060

    Contact for pricing
    0.25 acres

    Vacant lot for redevelopment in established Madison, IL neighborhood.

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    Oversized Corner Lot in Granite
    Oversized Corner Lot in Granite

    2701 Marshall Avenue, Granite City, IL 62040

    Contact for pricing
    0.23 acres

    Residential vacant corner lot in a peaceful Granite City neighborhood.

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    Residential Lot in Granite City
    Residential Lot in Granite City

    2116 Miracle Avenue, Granite City, IL 62040

    Contact for pricing
    0.14 acres

    Vacant residential lot in established Granite City neighborhood.

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    Residential Land in East St Louis
    Residential Land in East St Louis

    1342 N 41st Street, East St Louis, IL 62204

    Contact for pricing
    0.07 acres

    Spacious land parcel with development potential in a convenient location.

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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)

    1926 Edwardsville Rd, Madison, IL 62060-1368

    Estimated value:
    $290,000
    2,250 sqft 0.14 AC lot
    View details
    1432 6th St
    APARTMENT HOUSE (5+ UNITS)

    1432 6th St, Madison, IL 62060-1467

    Estimated value:
    $160,000
    1,046 sqft 0.25 AC lot
    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 7,954 square feet of properties for sale, with an estimated market value of $780,000.

    Sale prices for residential investment properties in Madison, IL start at $260,000, averaging $390,000, and reaching up to $520,000 — 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
    Apartment buildings 2
    Quadplexes 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 $390K

    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)

    How Realmo verifies these figures

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