UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,868 sqft
Price per Sqft $66
Subdivision State Street Terrace Add/Granite C
MLS Listing ID 26016874
Style Traditional
Year Built 1915
Annual Tax Amount $2,811
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type 2-4 Units
Property Description
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.
Location
State IL
County Madison
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet
Fireplace N
Appliance Stainless Steel Appliance(s)
Exterior
Parking Features false
View Y/N No
Building
Story 2
Water Public
Level or Stories Two
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
Ownership Private
Acceptable Financing Cash, Conventional, FHA, Other, VA Loan
Listing Terms Cash, Conventional, FHA, Other, VA Loan
Special Listing Condition Standard
Nearby School & Business
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