1832 Cleveland Boulevard

Granite City, IL 62040

$1,500,000
Price
Beds
Baths
5,580 Sq. Ft.
$269 / Sq. Ft.
5,580
Sq. Ft.
$269
per Sq. Ft.

Description

Turnkey Investment with Guaranteed Income & Expansion Potential! This 12-unit apartment complex is a prime investment opportunity, generating $11,500 in contracted monthly income from Chestnut Health Systems. The tenant handles full property management and rehabs units as needed, ensuring a truly passive income stream for the owner. The complex consists of 8 one-bedroom units and 4 efficiency units, all fully furnished by the tenant. Additionally, there is a 3,000 sq. ft. basement that is not currently...Turnkey Investment with Guaranteed Income & Expansion Potential! This 12-unit apartment complex is a prime investment opportunity, generating $11,500 in contracted monthly income from Chestnut Health Systems. The tenant handles full property management and rehabs units as needed, ensuring a truly passive income stream for the owner. The complex consists of 8 one-bedroom units and 4 efficiency units, all fully furnished by the tenant. Additionally, there is a 3,000 sq. ft. basement that is not currently leased, presenting a valuable opportunity for additional income. On-site laundry facilities in the basement provide further convenience and revenue potential. The owner covers utilities, insurance, and major maintenance, including roof, HVAC, and hot water heaters. Some units have been recently updated with new HVAC systems and hot water heaters. The roof is newer, adding to the long-term stability of this investment.
  1. Listed by Angela Greco • Coldwell Banker Brown Realtors

Property Details for 1832 Cleveland Boulevard

Cross Street
Neidringhaus
LISTING UPDATED: 03/13/2025 11:01 AM

Property Details for 1832 Cleveland Boulevard

StatusActive
MLS #25009018
Days on Market23
Taxes$5,149 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1980
Lot Size0.23 AC / 10,001 SF
CountyMadison County IL

Building Information for 1832 Cleveland Boulevard

Stories-Residences12Year Built1980Building Size-Lot Size0.23 AC / 10,001 SF

Property Information for 1832 Cleveland Boulevard

Summary
Location and General Information
  • City: Granite City
  • County Or Parish: Madison-IL
  • Directions: From I270, take Route 3 to Left onto Niedringhaus, then Right onto Cleveland Boulevard.
  • Latitude: 38.700901
  • Longitude: -90.15249
  • Location: City
  • Postal Code: 62040
  • State Or Province: IL
  • Sub division Name: N/A
  • Postal Code Plus 4: 4503
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 22-2-19-24-08-204-005
  • Tax Annual Amount: $5,149.00
  • Tax Legal Description: ORIGINAL PLAT OF GRANITE CITY LOT 16 & NE 30 FT LOT 17 80X125
  • Tax Year: 2023
Parking
  • Attached Garage: No
  • Parking Features: On Street
School Information
  • Elementary School: GRANITE CITY DIST 9
  • High School: Granite City
  • High School District: Granite City DIST 9
  • Middle Or Junior School: GRANITE CITY DIST 9
Property
Lot Information
  • Lot Size Acres: 0.2296
  • Lot Size Dimensions: 80 x 125
  • Lot Size Source: County Records
  • Lot Size Square Feet: 10001.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 5580.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 0
  • Photos Count: 1
  • Videos Count: 0
  • Year Built: 1980
  • Disclosures: Unknown,Occupancy Perm Req
  • Age: 45
  • Construction Materials: Brick
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Electric
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Common Laundry
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: Laundry/Utility
  • Bedroom number of Units: 8
  • TYPE: Apartment Complex
Income & Expenses
  • Net Operating Income: $125,393.00
  • Total Expenses: 12607.00
Rental
Rent Information
  • Lease Term: Leases
  • Tenant Pays: No Utilities, Trash Collection
  • Efficiency Baths: 1 Full
  • Efficiency Units: 4

Property History for 1832 Cleveland Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1832 Cleveland Boulevard

Taxable ValueLand$3,170Additions$50,900Total$54,070
Tax Record2023$5,149 ($429 / month)
Home Facts
Total Finished SqFt2,790 SqFtAbove Grade Finished SqFt2,790 SqFtLot Size10,000 SqFtStyleMiscellaneous CommercialYear Built1980CountyMADISONAPN22-2-19-24-08-204-005

Schools near 1832 Cleveland Boulevard

This home is within Granite City Community Unit School District 9.
Rating
School
Type
Grades
Distance
Public - 5 to 12
Public - 9 to 12
Public - 7 to 8
Public - 3 to 4
Rating
School
Distance
Lake School
Public5 to 12

Granite City High School
Public9 to 12

Coolidge Middle School
Public7 to 8

Frohardt Elementary School
Public3 to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1832 Cleveland Boulevard is a multi-family home for sale in Granite City, IL 62040. This property was listed for sale on February 19, 2025 by Coldwell Banker Brown Realtors, it's currently listed at $1,500,000. This listing's school district is Granite City Community Unit School District 9. Nearby schools include Lake School, Granite City High School and Coolidge Middle School. 1832 Cleveland Boulevard is a 0-bed, 0-bath, 5,580 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Brown Realtors

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.