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Property view

2123 Edison Avenue, 
Granite City, IL 62040

$48,000

—

Bed

—

Bath

2,249

Sq Ft

Multi-Family

Active

Listed by

Brendan Barone

H3 Capital Real Estate, LLC.

Last updated:

October 3, 2026, 04:40 PM

MLS#

26059827

Source:

MO MARIS

About This Home

2123 Edison Avenue

Affordable four-unit multifamily investment opportunity in Granite City, Illinois, offered at $48,000. The property features a 2,249 SF two-story brick building on a 50' x 125' lot and is currently 25% occupied, with one occupied unit and three vacant units. The current tenant pays $635 per month, providing immediate income while leaving significant upside through lease-up of the remaining units. At just $12,000 per unit, this property offers a compelling value-add opportunity for an investor seeking a low-cost multifamily acquisition with room to increase occupancy and revenue. 2025 real estate taxes are approximately $2,300.64.

Home Facts

Multi-Family

Built in 1900

Subdivision & Development:

Granite City

Price Summary

48,000

$21 per Sq. Ft.

MLS #:

26059827

Last Updated:

October 3, 2026, 04:40 PM

Added:

17 day(s) ago

Rooms & Interior

Interior

Living Area:

2,249 Sq. Ft.

Structure

Structure

Building Area:

2,249 Sq. Ft.

Year Built:

1900

Lot

Lot Size (Sq. Ft):

6,250

Finances & Disclosures

Finances

Price:

$48,000

Price per Sq. Ft:

$21 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.