$200,000

2446 State Street, Granite City, IL 62040

  • 2,868 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon7,501sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $70/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Turnkey Duplex Investment in Granite City – Strong Cash Flow & Modern Updates Welcome to 2446 State St., a fully occupied duplex offering immediate, reliable income in Granite City, IL. This well-maintained property features two spacious units, each with 3 bedrooms and 1 bathroom, making it highly desirable for long-term tenants. Both units are currently leased, generating a combined monthly income of $2,490, plus an additional $25/month pet fee. Tenants are responsible for all utilities except Trash—including water/sewer (separately metered), gas, and electric—helping keep operating expenses low and maximizing your return. Inside, the property blends classic charm with modern updates. Each unit showcases beautiful historic millwork alongside recent upgrades, including newer stainless steel appliances, updated kitchen cabinets and countertops (granite counters in 1st floor unit), new flooring, 10 new windows, and updated faucets and fixtures throughout. A newly installed plumbing stack adds further peace of mind for investors. Whether you’re expanding your portfolio or looking for a strong entry into multifamily investing, this duplex offers a compelling combination of steady cash flow, tenant-paid utilities, and thoughtful updates. Don’t miss this opportunity to own a fully occupied, income-producing property with built-in value and long-term appeal.

Listing Status:
Active
Date Added:
March 30, 2026
Data Last Updated:
May 11, 2026 at 7:16PM
Listing Office:
Real Broker LLC : 630-423-5891
MLS ID:
26016874
  • Appliances: Stainless Steel Appliance(s)
  • Basement: Full
  • Flooring: Carpet
  • A/C: Central Air
  • Heating: Forced AirNatural Gas
  • Style: Traditional
  • General: BrickTwo
  • Originating MLS: maris2
  • School District: Granite City DIST 9
  • County: Madison
  • Zoning: STATE STREET TERRACE LT 8 NE 1/2 LT 9 60X12522-2-20-18-15-403-018
  • Utilities: Ameren
  • Water: Public
  • Source: maris2
  • Ownership: Private

This listing courtesy of Real Broker LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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#26016553 - Ascend Real Estate Advisors