2201 Grand Ave, Granite City, IL 62040

Great 4 Unit Investment Opportunity in the Heart of Granite City! This full brick building has a newer roof and rear wood deck, stairs, and one unit with a ramp. 2 new furnaces, new appliances, windows and some flooring in 1 unit. Rents are currently low for the market at $525/month. 2 units are currently rented with 2 units vacant. Vacant units need minor work to be rent ready and one has recently passed city occupancy. There is a large basement that can be utilized for storage. Each unit has laundry hook up or shared laundry is currently available in the basement. The vacant unit on the lower left has direct access to the basement. Building to be sold "as is" seller to make no repairs and will not be responsible for any city required repairs. Any inspections will be for buyer's information only. Operating Income and Expenses based on 0 vacancy at current rents and estimated expenses.