Granite City, IL 62040 1832 Cleveland Boulevard

Presented By: Coldwell Banker Brown Realtors
  • MLS# 25042611
  • 06/25/2025
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  • 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. Listing is a duplicate of MLS #25009018.
Presented By: Coldwell Banker Brown Realtors

Interior Features for 1832 Cleveland Boulevard

Bedrooms

Total Bedrooms

Bathrooms

Half Baths

Other Interior Features

FlooringTile
Laundry FeaturesIn Basement
Total Stories1

General for 1832 Cleveland Boulevard

AppliancesElectric Cooktop, Free-Standing Refrigerator, Water Heater
Building Area UnitsSquare Feet
Building FeaturesBasement
Business TypeResidential
Carport Y/NNo
CityGranite City
Construction MaterialsBrick
CoolingCentral Air, Electric
CountyMadison
Current UseResidential
DirectionsFrom I270, take Route 3 to Left onto Niedringhaus, then Right onto Cleveland Boulevard.
DisclosuresOccupancy Permit Required
Electric220 Volts
Full Baths
Gross Income1380000
HeatingForced Air
Lease TypeNet
Legal DescriptionORIGINAL PLAT OF GRANITE CITY LOT 16 & NE 30 FT LOT 17 80X125
ModificationTimestamp2025-06-25T17:01:38.826Z
Net Operating Income125393
Ownership TypePrivate
PossessionClose Of Escrow
Possible UseResidential
Property TypeCommercial Sale
Security FeaturesSmoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameN/A
Tax Annual Amount5228.24
Tax Year2024
Tenant PaysCable TV, Internet, Management, Snow Removal, Telephone, Trash
TownshipGranite City
UtilitiesElectricity Available
Year Built1980

Exterior for 1832 Cleveland Boulevard

Building Area Total5580
FencingWrought Iron
Foundation DetailsConcrete Perimeter
InclusionsBuilding, Other – Contact Agent, Personal Property
Lot Size Acres0.2296
Lot Size SourcePublic Records
Number of Buildings2
Road Frontage TypeCity Street
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Craig Ziegel

Realtor
Price $1,475,000
MLS#25042611
List Date 06/25/2025
Property Type Commercial
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