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1348 Madison Avenue, Madison, IL 62060

Local realty services provided by:CENTURY 21 Premiere Realty
1348 Madison Avenue,Madison, IL 62060
$226,000
  • - Beds
  • - Baths
  • 4,608 sq. ft.
  • Multi-family
  • Active
Listed by: devin outman
Office: landmark realty
MLS#:25073689
Source:MO_MARIS

Price summary

  • Price:$226,000
  • Price per sq. ft.:$49.05

About this home

Here is your opportunity to add a solid cash flow surplus to your portfolio. This mixed use property offers a variety of income producing methods. Two out of the 3 units are currently rented, and the vacant residential unit is ready for a new tenant right away. The main floor of the building is a fully running & operational bar and grill that is currently tenant occupied, paying $1,500/mo. Items included in the sale and will be transferred to the new owner, are all of the kitchen equipment consisting of the commercial stove top, fryers, prep coolers, range hood, perfectly functioning large walk in refrigeration system, and beer coolers. Upstairs consists of two residential apartments. The occupied residential unit is a 2 Bedroom 1 Bath, paying $900/mo. The vacant unit is a spacious 1 Bedroom 1 Bath, and comes fully furnished provided by the seller, when this unit was occupied it was producing between $750-850/mo. The roof was completely replaced with architectural shingles in 2023.

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Home facts

  • Year built:1940
  • Listing ID #:25073689
  • Added:83 day(s) ago
  • Updated:January 23, 2026 at 05:02 PM

Rooms and interior

  • Living area:4,608 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Hot Water

Structure and exterior

  • Year built:1940
  • Building area:4,608 sq. ft.
  • Lot area:0.29 Acres

Schools

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

Finances and disclosures

  • Price:$226,000
  • Price per sq. ft.:$49.05
  • Tax amount:$1,745 (2024)
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