1832 Cleveland Boulevard Granite City, IL 62040
Listing Courtesy of: MLS LogoMARIS / Coldwell Banker Brown Realtors / Angie Judd Uram

  1832 Cleveland Boulevard Granite City, IL 62040

Active (115 Days)
$1,475,000
5,580
SQFT
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Description

Turnkey Investment with Guaranteed Income & Expansion Potential!

This 12-unit apartment complex is a prime investment opportunity, generating $11,500 in contracted monthly income from Chestnut Health Systems. The tenant handles full property management and rehabs units as needed, ensuring a truly passive income stream for the owner.

The complex consists of 8 one-bedroom units and 4 efficiency units, all fully furnished by the tenant. Additionally, there is a 3,000 sq. ft. basement that is not currently leased, presenting a valuable opportunity for additional income. Second building has 4ft crawl. On-site laundry facilities in the basement provide further convenience and revenue potential.

The owner covers utilities, insurance, and major maintenance, including roof, HVAC, and hot water heaters. Some units have been recently updated with new HVAC systems and hot water heaters. The roof is newer, adding to the long-term stability of this investment.

MLS #:
25009018
Taxes
$5,149(2023)
Lot Size
10,001 SQFT
Type
Multifamily
Year Built
1980
School District
Granite City Dist 9
County
Madison County

Listed By

Angie Judd Uram, Coldwell Banker Brown Realtors
Source
MARIS
Last checked Jun 14 2025 at 5:06 PM GMT+0000
Bathroom Details
Interior Features
  • Gas Water Heater
  • Laundry: Common Area
Subdivision
  • N/A
Heating and Cooling
  • Forced Air
  • Electric
  • Central Air
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Granite City Dist 9
  • Middle School: Granite City Dist 9
  • High School: Granite City
Parking
  • On Street
Living Area
  • 5,580 sqft
Location
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