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1348 Madison Avenue, Madison, IL 62060

Madison
Local realty services provided by:CENTURY 21 Community
1348 Madison Avenue,Madison, IL 62060
$199,000
  • - Beds
  • - Baths
  • 4,608 sq. ft.
  • Multi-family
  • Active
Listed by: devin outman
Office: landmark realty
MLS#:25073689
Source:MO_MARIS

Price summary

  • Price:$199,000
  • Price per sq. ft.:$43.19

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. Both of the residential upstairs apartments are currently rented, and the turn key bar & grill is ready to open right away, with a new owner or tenant of your choice. The main floor fully operational bar and grill was previously rented for $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. The upstairs residential apartment units consist of a 2 Bedroom 1 Bath, paying $900/mo. And a spacious 1 bedroom 1 bath unit and comes fully furnished provided by the seller, the tenants are paying $850/mo. The roof was completely replaced with architectural shingles in 2023. The commercial tenant once paid ALL utilities as apart of their lease...

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Home facts

  • Year built:1940
  • Listing ID #:25073689
  • Added:131 day(s) ago
  • Updated:March 12, 2026 at 03:33 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Partial, Walk-Out Access
  • Living area:4,608 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1940
  • Building area:4,608 sq. ft.
  • Lot area:0.29 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:$199,000
  • Price per sq. ft.:$43.19
  • Tax amount:$1,745 (2024)
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