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1832 Cleveland Boulevard

Granite City, IL 62040

– beds
– baths
5,580 sqft
10,001 sqft lot
$264 per sqft
1980 build
– on site

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 courtesy of MARIS / Coldwell Banker Brown Realtors

Last checked: Checking… • Last updated Jun 18, 2025 •

MLS# 25009018 —

The Building

Year Built:

1980
Number Of Buildings:

2
New Construction:

false
Construction Materials:

Brick
Architectural Style:

Low/1-2
Unit Count:

1
Number Of Units Total:

12
Security Features:

Smoke Detector(s)
Basement:

false
Above Grade Finished Area:

5,580 Sqft

Interior

Units Furnished:

All Units
Fireplace:

false
Living Area Source:

Assessor
Living Area:

5580
Laundry Features:

Common Area

Financial & Terms

Listing Terms:

Cash, Conventional
Ownership Type:

Private
Possession:

Close Of Escrow

Location

Longitude:

-90.15249
Latitude:

38.700901

The Property

Property Sub Type:

5 Family or More
Property Type:

Residential Income
Parcel Number:

22-2-19-24-08-204-005
Lot Size Acres:

0.2296
Lot Size Area:

0.23
Lot Size Units:

Acres
Lot Size Square Feet:

10,001 Sqft
Lot Size Dimensions:

80 x 125
Lot Size Source:

Public Records
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$5,149

Heating & Cooling

Cooling:

Central Air, Electric
Heating:

Forced Air, Electric

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Gas Water Heater

Schools

Elementary School:

Granite City Dist 9
Middle School:

Granite City Dist 9
High School:

Granite City
High School District:

Granite City Dist 9

The Community

Subdivision Name:

N/A
Pool:

No

Parking

Parking Features:

On Street
Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/13/25 Jun 13, 2025	Price Changed	MARIS	$1,475,000	-1.7%
5/1/25 May 1, 2025	Listed / Active	MARIS	$1,500,000

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This multifamily located in Granite City, IL 62040 is currently for sale for $1,475,000. 1832 Cleveland Boulevard is a 5,580 square foot multifamily with – beds and – baths that has been on Estately for 48 days. This multifamily is in the attendance area of Granite City High School.

Listing Courtesy of: MARIS and Coldwell Banker Brown Realtors.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Information from Third Parties, Deemed Reliable but Not Verified.