$6,200,000

2701 Center Street, Granite City, IL 62040

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1969
  • Property Lot Size Icon3.17acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Your opportunity to acquire a turnkey 64-unit income-producing multi-family portfolio in Granite City, Illinois. This property offers a diverse mix of 64 residential units, including: - One-bedroom / one-bathroom apartments – 24 Units (770 sq ft each unit) - Two-bedroom / one-bathroom apartments – 24 Units (900 sq ft each unit) - Two-bedroom / 1.5-bathroom townhomes – 16 Units (1050 sq ft each unit) - One single-family home – 1200 sq ft Property Highlights - Unit Mix Variety: Appeals to a wide tenant base. - Fully leased, delivering investors immediate income. - Strong Cap Rate: At an impressive 8.29% cap rate, this asset offers competitive returns. - Parking & Access: Assigned parking for tenants plus additional visitor spaces ensure ease of use for residents and guests. -Onsite Laundry - 3 convenient coin-operated laundry facilities. - Security & Privacy: The community is fully enclosed with a privacy fence and secured through a gated main entry with a guard shack, providing peace of mind for residents. - Community Features: Multiple courtyard spaces / 2 blocks from Wilson Park, a 74-acre city park that has been in operation since 1921, serving as a cornerstone for community activities. Offering includes parcel numbers - 22-2-20-07-19-402-014 - Buildings 1&2 , 22-2-20-18-07-201-012 -2681 Center St., 22-2-20-18-07-201-009 - 2702 Center St. (Single Family), 22-2-20-07-19-402-013 - 2706-2734 Center St - WILL NOT DIVIDE

Listing Status:
Active
Date Added:
September 16, 2025 at 05:00AM
Listing Office:
Berkshire Hathaway HomeServices Select Properties : 618-655-4100
MLS ID:
25063286
  • Appliances: DishwasherMicrowaveRangeRefrigerator
  • Laundry: In BasementMultiple LocationsIn Unit
  • Flooring: CarpetLuxury VinylVinyl
  • A/C: Central Air
  • Heating: Forced Air
  • Parking: Parking spaces: 80
  • General: BrickSee RemarksSlab
  • Road/Access: Asphalt
  • Originating MLS: maris2
  • County: Madison
  • Zoning: To Follow Per Title Report22-2-20-07-19-402-014
  • Fencing: FencedGatePerimeterPrivacyWood
  • Current Use: Multi-Family
  • Utilities: Electricity AvailableAmeren
  • Water: Public
  • Source: maris2
  • Ownership: Private

This listing courtesy of Berkshire Hathaway HomeServices Select Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Prather Elementary School

2450 W 25th St, Granite City, IL, 62040

Grades KG-4

1.12 miles away

C

Coolidge Junior High School

3231 Nameoki Rd, Granite City, IL, 62040

Grades 7-8

0.83 miles away

G

Granite City High School

3148 Fehling Rd, Granite City, IL, 62040

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.