1. Illinois
  2. Granite City
  3. 1832 Cleveland Boulevard
$1,475,000

1832 Cleveland Boulevard, Granite City, IL 62040

  • 5,580 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon10,001sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $264/sqft
  • Property List Date Icon Listed 16 days ago

Property 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. 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. Listing is a duplicate of MLS #25009018.

Listing Status:
Active
Date Added:
June 25, 2025 at 05:00AM
Listing Office:
Coldwell Banker Brown Realtors : 618-667-3404
MLS ID:
25042611
  • Appliances: Electric CooktopFree-Standing RefrigeratorWater Heater
  • Laundry: In Basement
  • Flooring: Tile
  • A/C: Central AirElectric
  • Heating: Forced Air

This listing courtesy of Coldwell Banker Brown Realtors

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

1.03 miles away

L

Lake School

3201 E 23rd St, Granite City, IL, 62040

Grades 5-12

2.01 miles away

G

Granite City High School

3148 Fehling Rd, Granite City, IL, 62040

Grades 9-12

1.89 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.