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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
5,580
acreage
Acreage
0.2296
open houses
Open Houses
-
year built
year built
1980
full baths
Full Baths
0
half baths
Half Baths
0
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. 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.
Location
Subdivision N/A
County Madison-IL
Elementary School GRANITE CITY DIST 9
Middle School GRANITE CITY DIST 9
High School Granite City
open houses Open houses
None scheduled.
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MLS number: 25009018
Listing agent: Angela Greco #475.154689
Listing broker: Coldwell Banker Brown Realtors (618) 692-7290
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Monday, March 10 2025 at 4:48 p.m. EDT
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