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Property view

1832 Cleveland Boulevard, 
Granite City, IL 62040

$1,475,000


Bed


Bath


5,580

Sq Ft


Multi-Family

Active

Last updated:

June 27, 2025, 03:49 PM

MLS#

25009018

Source:

MO MARIS

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About This Home

1832 Cleveland Boulevard

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.

Home Facts

Multi-Family

Built in 1980

Price Summary

1,475,000

$264 per Sq. Ft.

MLS #:

25009018

Last Updated:

June 27, 2025, 03:49 PM


Rooms & Interior

Interior

Living Area:

5,580 Sq. Ft.


Structure

Structure

Architectural Style:

Low/1-2

Building Area:

5,580 Sq. Ft.

Year Built:

1980


Lot

Lot Size (Sq. Ft):

10,001


Finances & Disclosures

Finances

Price:

$1,475,000

Price per Sq. Ft:

$264 per Sq. Ft.

1832 Cleveland Boulevard
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Copyright 2025 Mid America Regional Information Systems, Inc. Information from Third Parties, Deemed Reliable but Not Verified. Last Updated June 27, 2025

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