Granite City, IL 62040 2201 Grand Avenue
$127,000
Sold: Feb 05, 2024



17 more


















Presented By:
Home Details
Great 4 Unit Investment Opportunity in the Heart of Granite City! This full brick building has a newer roof and rear wood deck, stairs, and one unit with a ramp. 2 new furnaces, new appliances, windows and some flooring in 1 unit. Rents are currently low for the market at $525/month. 2 units are currently rented with 2 units vacant. Vacant units need minor work to be rent ready and one has recently passed city occupancy. There is a large basement that can be utilized for storage. Each unit has laundry hook up or shared laundry is currently available in the basement. The vacant unit on the lower left has direct access to the basement. Building to be sold "as is" seller to make no repairs and will not be responsible for any city required repairs. Any inspections will be for buyer's information only. Operating Income and Expenses based on 0 vacancy at current rents and estimated expenses.
Presented By:
General for 2201 Grand Avenue
AppliancesSome Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s), Some Storm Door(s)
Assoc Fee Paid PerNone
Attached Garage No
CityGranite City
Close Price130000
CoolingElectric
CountyMadison-IL
DirectionsMadison Ave to 22ns St, on the corner of Grand and 22nd
DisclosuresUnknown, Sellers Discl. Avail
Elementary SchoolGRANITE CITY DIST 9
HeatingForced Air
High SchoolGranite City
High School DistrictGranite City DIST 9
Lot Size Square Feet6251
Middle/Junior High SchoolGRANITE CITY DIST 9
Net Operating Income13200
Ok to LeaseOne or More Vacant
Ownership TypePrivate
PossessionClose Of Escrow
Property SubTypeMulti-Family 2-4
Property TypeResidential Income
SewerPublic Sewer
Standard StatusClosed
Subdivision NameGranite City
Tax Annual Amount1922
Tax Year2022
Tenant PaysCable TV, Electricity, Gas
Year Built1900
Interior for 2201 Grand Avenue
Heating Y/NYes
Exterior for 2201 Grand Avenue
Lot Dimensions50X125
Lot Size Acres0.1435
Parking FeaturesOn Street
Water SourcePublic

Austin Pearson
Real Estate Broker