Granite City, IL 62040 1832 Cleveland Boulevard

Presented By: Coldwell Banker Brown Realtors
  • MLS# 25009018
  • 02/19/2025
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  • Beds • 1
  • SQFT • 5,580

Home Details

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.
Presented By: Coldwell Banker Brown Realtors

Interior Features for 1832 Cleveland Boulevard

Bedrooms

Total Bedrooms

Bathrooms

Half Baths0
Total Baths

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area5580
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Fireplace Y/NNo
Furnished UnitsAll Units
Laundry FeaturesCommon Area

General for 1832 Cleveland Boulevard

AppliancesGas Water Heater
Architectural StyleLow/1-2
Carport Y/NNo
CityGranite City
Construction MaterialsBrick
CoolingCentral Air, Electric
CountyMadison
DirectionsFrom I270, take Route 3 to Left onto Niedringhaus, then Right onto Cleveland Boulevard.
DisclosuresUnknown, Occupancy Permit Required
Elementary SchoolGRANITE CITY DIST 9
Full Baths
Garage Y/NNo
Gross Income138000
HeatingForced Air, Electric
High SchoolGranite City
High School DistrictGranite City DIST 9
Legal DescriptionORIGINAL PLAT OF GRANITE CITY LOT 16 & NE 30 FT LOT 17 80X125
Lot Size Square Feet10001
Lot Size UnitsAcres
Middle/Junior High SchoolGRANITE CITY DIST 9
ModificationTimestamp2025-06-18T16:47:38.512Z
Net Operating Income125393
New ConstructionNo
Number Of Units Total12
Operating Expense12607
Ownership TypePrivate
PossessionClose Of Escrow
Property Subtype5 Family or More
Property TypeResidential Income
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameN/A
Tax Annual Amount5149
Tax Year2023
Tenant PaysNone, Trash
Year Built1980

Exterior for 1832 Cleveland Boulevard

InclusionsBuilding, Land
Lot Dimensions80 x 125
Lot Size Acres0.2296
Lot Size Area0.23
Lot Size SourcePublic Records
Number of Buildings2
Parking FeaturesOn Street
Total Parking0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Granite City Dist 9 Elementary School
Middle School Granite City Dist 9 Middle School
High School Granite City High School

Craig Ziegel

Realtor
Price $1,475,000
MLS#25009018
List Date 02/19/2025
Property Type Multi-Family
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