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2123 Edison Avenue, Granite City, IL 62040

Granite City
Local realty services provided by:CENTURY 21 Premiere Realty
2123 Edison Avenue,Granite City, IL 62040
$48,000
  • - Beds
  • - Baths
  • 2,249 sq. ft.
  • Multi-family
  • Active
Listed by: brendan barone
Office: h3 capital real estate, llc.
MLS#:26059827
Source:MO_MARIS

Price summary

  • Price:$48,000
  • Price per sq. ft.:$21.34

About this home

Affordable four-unit multifamily investment opportunity in Granite City, Illinois, offered at $48,000. The property features a 2,249 SF two-story brick building on a 50' x 125' lot and is currently 25% occupied, with one occupied unit and three vacant units. The current tenant pays $635 per month, providing immediate income while leaving significant upside through lease-up of the remaining units. At just $12,000 per unit, this property offers a compelling value-add opportunity for an investor seeking a low-cost multifamily acquisition with room to increase occupancy and revenue. 2025 real estate taxes are approximately $2,300.64.

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Home facts

  • Year built:1900
  • Subdivision & Development:Granite City
  • Listing ID #:26059827
  • Added:1 day(s) ago
  • Updated:September 16, 2026 at 04:47 PM

Rooms and interior

  • Living area:2,249 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1900
  • Building area:2,249 sq. ft.
  • Lot area:0.14 Acres
  • Construction Materials:Brick

Schools

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

Finances and disclosures

  • Price:$48,000
  • Price per sq. ft.:$21.34
  • Tax amount:$2,301 (2025)
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