REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Elizabeth Gregory

elizabeth@gregorylandgroup.com +1(660) 285-5423

$ 199,000

Est. payment | -/mo

4,608 SqFt

Save

$ 199,000

Est. payment | -/mo

Save

4,608 SqFt

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,608 sqft

Price per Sqft $43

Subdivision Southern Ext

MLS Listing ID 25073689

Style Other

Year Built 1940

Annual Tax Amount $1,745

Lot Size 0.293 Acres

Acres 0.2927

Property Sub-Type 2-4 Units

Property Description

Here is your opportunity to add a solid cash flow surplus to your portfolio. This mixed use property offers a variety of income producing methods. Both of the residential upstairs apartments are currently rented, and the turn key bar & grill is ready to open right away, with a new owner or tenant of your choice. The main floor fully operational bar and grill was previously rented for $1,500/mo. Items included in the sale and will be transferred to the new owner, are all of the kitchen equipment consisting of the commercial stove top, fryers, prep coolers, range hood, perfectly functioning large walk in refrigeration system, and beer coolers. The upstairs residential apartment units consist of a 2 Bedroom 1 Bath, paying $900/mo. And a spacious 1 bedroom 1 bath unit and comes fully furnished provided by the seller, the tenants are paying $850/mo. The roof was completely replaced with architectural shingles in 2023. The commercial tenant once paid ALL utilities as apart of their lease terms, considering there is one electric, gas, & water meter. Lastly, there is an extra parcel included in the sale 21-2-19-401-037, it is a gravel lot for extra parking, or further development opportunity, located directly across the street on the opposite corner lot. That parcel has a separate address of 1400 Madison Ave. Feel free to contact the listing agent for further details.

Location

State IL

County Madison

Rooms

Basement Partial, Walk-Out Access

Interior

Heating Forced Air, Hot Water

Cooling Central Air

Fireplace N

Exterior

View Y/N No

Building

Structure Type Brick

Schools

Elementary Schools Granite City Dist 9

Middle Schools Granite City Dist 9

High Schools Granite City

School District Granite City Dist 9

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Devin Outman • Landmark Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(660) 285-5423

elizabeth@gregorylandgroup.com

115 W Washington Street Kirksville, MO, 63501

GET MORE INFORMATION

Name

Email*

Phone*

Message

I agree to be contacted by Gregory Land Group, LLC via call, email, and text for real estate services. To opt out, you can reply “STOP” at any time or reply “HELP” for assistance. You can also click the unsubscribe link in emails.

We use SMS to confirm appointments, send reminders, and notify clients of schedule updates or important changes. Message and data rates may apply. Message frequency may vary.

Carriers are not liable for delayed or undelivered messages.

For more information on how your data is handled, please review our Privacy Policy here: https://www.gregorylandgroup.com/site/privacy-terms

We use SMS to confirm appointments, send reminders, and notify clients of schedule updates or important changes.

You can cancel the SMS service at any time by texting “STOP.” After you send “STOP,” we will confirm that you have been unsubscribed. After that, you will no longer receive SMS messages from us.

If you want to join again, simply sign up as you did the first time, and we will resume sending SMS messages.

If you are experiencing issues with the messaging program, you can reply with “HELP” for assistance or contact us directly at elizabeth@gregorylandgroup.com.

Carriers are not liable for delayed or undelivered messages.

Message and data rates may apply for any messages sent to you from us and to us from you. Message frequency may vary. For questions about your text or data plan, please contact your wireless provider.

If you have any questions regarding privacy, please review our Privacy Policy here:

https://www.gregorylandgroup.com/site/privacy-terms

1348 Madison AVE Madison, IL 62060