6 BUILDINGS | 26 TOTAL UNITS | VALUE-ADD OPPORTUNITY
Five multifamily buildings in one market, with plenty of room to reposition and potential to grow. This Granite City collection offers a mix of 1-bedroom and 2-bedroom apartments, with opportunities to renovate, increase occupancy, and build rental income.
4 Units | 4 × 2-Bedroom / 1-Bath | 2,249 Sq. Ft. | Built 1900\
A four-unit building featuring four 2-bedroom apartments, with one unit currently occupied and generating $635/month. Three vacant units provide an opportunity to increase occupancy, while estimated market rent reaches $3,500/month across the building.
4 Units | 4 × 1-Bedroom | 1,768 Sq. Ft. | Built 1900
Featuring four 1-bedroom units, this property is ideal for investors targeting smaller rental layouts. One unit is currently occupied and generating $529/month, while the remaining three offer an opportunity to improve occupancy. Estimated market rent is $2,900/month.
4 Units | 4 × 2-Bedroom | 1,200 Sq. Ft. | Built 1900
A fully vacant building featuring four 2-bedroom units, including a mix of layouts. With all four units available, investors have the flexibility to renovate and reposition the entire property. Estimated market rent is $3,500/month.
4 Units | 2 × 2-Bedroom / 2-Bath + 2 × 2-Bedroom / 1-Bath | 2,182 Sq. Ft. | Built 1905
This property features two 2-bedroom/2-bath units and two 2-bedroom/1-bath units. Two apartments are already occupied, producing $1,410/month, while the remaining units provide additional rental potential. Estimated market rent is $3,650/month.
4 Units | 2 × 2-Bedroom / 1-Bath + 2 × 1-Bedroom | 2,129 Sq. Ft. | Built 1905
A fully vacant fourplex offering two 2-bedroom / 1-bath units and two 1-bedroom units. Its mixed-unit configuration gives investors flexibility to renovate and reposition all four apartments. Estimated market rent is $3,200/month.
6 Units | 5 × 2-Bedroom / 1-Bath + 1 × 1-Bedroom / 1-Bath | 3,514 Sq. Ft. | Built 1920
A six-unit multifamily property featuring five 2-bedroom apartments and one 1-bedroom apartment. All six units are currently vacant, offering investors the opportunity to plan a complete renovation and reposition the entire building. The property has not yet been inspected, and a full rehab is assumed for planning purposes.
THE PORTFOLIO AT A GLANCE
6 Multifamily Buildings | 26 Total Units | 5 Properties in Granite City + 1 in Madison, Illinois
4 Occupied | 22 Vacant
Combined In-Place Rent: $2,574/month
Estimated Combined Market Rent: $16,750/month
Combined Estimated Renovated Value: $1,050,000+
Whether you are looking to take on one building or expand across the collection, these properties offer multiple paths to create value through renovation, occupancy, and rental stabilization. Market rents and renovated values are estimates and should be independently verified.
For more questions, please contact Mek at 314 529 0209
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ARV $1,050,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $265,000.
