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1808 State Street, Granite City, IL 62040

Granite City
Local realty services provided by:CENTURY 21 Bailey & Co.
1808 State Street,Granite City, IL 62040
$40,000
  • - Beds
  • - Baths
  • 4,967 sq. ft.
  • Multi-family
  • Pending
Listed by: adam f jokisch
Office: adams auction & real estate services inc.
MLS#:26002418
Source:MO_MARIS

Price summary

  • Price:$40,000
  • Price per sq. ft.:$8.05

About this home

Price listed is Starting Bid Only. Bidding starts closing 02/04/2026 @ 6 p.m. Discover your chance to own a potential filled, income-producing asset in the heart of Granite City. This partially leased 5-unit building generates $1,000 in monthly rental income at the current rental rates, offering immediate cash flow and long-term investment potential. The building features three-2BR/1BA units and two-1BR/1BA units. Currently, the owner pays for water and trash for the building with the tenants responsible for electric and gas thanks to dedicated meters, keeping operational costs manageable and transparent. Zoned C-Commercial within the Granite City zoning jurisdiction, the building is currently operating as a multi-unit apartment building, with any alternate use requiring city approval. Conveniently located near public transit, schools, and major Metro East roadways, this property combines accessibility with strong rental appeal. With two fully rented units, this is a smart investment...

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Home facts

  • Year built:1940
  • Listing ID #:26002418
  • Added:60 day(s) ago
  • Updated:March 16, 2026 at 07:49 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Full
  • Living area:4,967 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall/Window Unit(s)
  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Flat
  • Year built:1940
  • Building area:4,967 sq. ft.
  • Lot area:0.14 Acres
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Granite City
  • Middle school:GRANITE CITY DIST 9
  • Elementary school:GRANITE CITY DIST 9

Utilities

  • Water:Public

Finances and disclosures

  • Price:$40,000
  • Price per sq. ft.:$8.05
  • Tax amount:$1,347 (2024)

Parking

  • Parking description:Parking Lot
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