Madison, IL 62060,1348 Madison AVE
Madison, IL 62060,1348 Madison AVE
Madison, IL 62060,1348 Madison AVE
Madison, IL 62060,1348 Madison AVE
Madison, IL 62060,1348 Madison AVE
Madison, IL 62060,1348 Madison AVE
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Chad Klein

Chad Klein

+1(618) 979-5271
$ 226,000
Est. payment | /mo

4,608 SqFt

Save
$ 226,000
Est. payment | /mo
Save

4,608 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,608 sqft

Price per Sqft $49

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 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. Two out of the 3 units are currently rented, and the vacant residential unit is ready for a new tenant right away. The main floor of the building is a fully running & operational bar and grill that is currently tenant occupied, paying $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. Upstairs consists of two residential apartments. The occupied residential unit is a 2 Bedroom 1 Bath, paying $900/mo. The vacant unit is a spacious 1 Bedroom 1 Bath, and comes fully furnished provided by the seller, when this unit was occupied it was producing between $750-850/mo. The roof was completely replaced with architectural shingles in 2023. The commercial tenant pays ALL utilities for the building considering there is 1 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, with a seperate 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
Chad Klein

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

+1(618) 979-5271

chadkleinrealty@gmail.com

IL, USA

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1348 Madison AVE