Turnkey Duplex Investment in Granite City – Strong Cash Flow & Modern Updates
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.
Active under contract
Listed by: Real Broker LLC • Alex Harding • Contact: 618-709-1733
Price cut: $10K (5/13)
$190,000
2446 State St, Granite City, IL 62040
6beds
2baths
2,868sqft
Multi Family
Built in 1915
-- sqft lot
$185,700 Zestimate®
$66/sqft
$-- HOA
What's special
Two spacious unitsBeautiful historic millworkNewer stainless steel appliancesNew flooring
- 94 days |
- 20 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Alex Harding 618-709-1733,
Real Broker LLC
Source: MARIS,MLS#: 26016874
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Stainless Steel Appliance(s)
Features
- Flooring: Carpet
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,868
- Total interior livable area: 2,868 sqft
- Finished area above ground: 2,868
Property
Features
- Levels: Two
Lot
- Size: 7,501 Square Feet
Details
- Parcel number: 222201815403018
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1915
Utilities & green energy
- Electric: Ameren
- Water: Public
Community & HOA
Community
- Subdivision: State Street Terrace Add/Granite C
HOA
- Has HOA: No
Location
- Region: Granite City
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $96,750
- Annual tax amount: $2,811
- Date on market: 3/30/2026
- Cumulative days on market: 95 days
- Listing terms: Cash,Conventional,FHA,Other,VA Loan
- Inclusions: Personal Property
- Ownership: Private
Estimated market value
$185,700
$176,000 - $195,000
$1,242/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Contingent | $190,000$66/sqft |
Source:  MARIS #26016874 Report a problem | ||
| 5/13/2026 | Price change | $190,000-5%$66/sqft |
Source: MARIS #26016874 Report a problem | ||
| 3/31/2026 | Listed for sale | $200,000+170.3%$70/sqft |
Source: MARIS #26016874 Report a problem | ||
| 11/18/2022 | Sold | $74,000-7.5%$26/sqft |
Source: MARIS #22020793 Report a problem | ||
| 9/12/2022 | Pending sale | $80,000$28/sqft |
Source: MARIS #22020793 Report a problem | ||
| 8/30/2022 | Listed for sale | $80,000$28/sqft |
Source: MARIS #22020793 Report a problem | ||
| 6/25/2022 | Pending sale | $80,000$28/sqft |
Source: MARIS #22020793 Report a problem | ||
| 6/21/2022 | Listed for sale | $80,000$28/sqft |
Source: MARIS #22020793 Report a problem | ||
| 4/8/2022 | Pending sale | $80,000$28/sqft |
Source: MARIS #22020793 Report a problem | ||
| 4/6/2022 | Listed for sale | $80,000+28%$28/sqft |
Source: MARIS #22020793 Report a problem | ||
| 6/19/2020 | Sold | $62,500-9.4%$22/sqft |
Source: MARIS #18037236 Report a problem | ||
| 5/18/2020 | Pending sale | $69,000$24/sqft |
Source: RE/MAX Alliance #18037236 Report a problem | ||
| 12/31/2019 | Price change | $69,000-8%$24/sqft |
Source: RE/MAX Alliance #18037236 Report a problem | ||
| 6/12/2019 | Listed for sale | $75,000$26/sqft |
Source: RE/MAX Alliance #18037236 Report a problem | ||
| 4/8/2019 | Pending sale | $75,000$26/sqft |
Source: RE/MAX Alliance #18037236 Report a problem | ||
| 9/4/2018 | Price change | $75,000-8.5%$26/sqft |
Source: RE/MAX Alliance #18037236 Report a problem | ||
| 7/3/2018 | Price change | $81,999-3.5%$29/sqft |
Source: RE/MAX Alliance #18037236 Report a problem | ||
| 5/10/2018 | Listed for sale | $84,999-10.5%$30/sqft |
Source: RE/MAX Alliance #18037236 Report a problem | ||
| 4/3/2018 | Listing removed | $95,000$33/sqft |
Source: Miller & Associates - Waterloo #17063934 Report a problem | ||
| 9/28/2017 | Price change | $95,000-9.5%$33/sqft |
Source: Miller & Associates - Waterloo #17063934 Report a problem | ||
| 8/9/2017 | Listed for sale | $104,940+227.9%$37/sqft |
Source: Miller & Associates - Waterloo #17063934 Report a problem | ||
| 4/20/2009 | Sold | $32,000+0.3%$11/sqft |
Source: Public Record Report a problem | ||
| 3/1/2009 | Price change | $31,900-25.5%$11/sqft |
Source: Listhub #2900734 Report a problem | ||
| 1/27/2009 | Listed for sale | $42,800$15/sqft |
Source: Listhub #2900734 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,811 +1.6% | $32,250 +11% |
| 2023 | $2,767 +3.9% | $29,060 +9.1% |
| 2022 | $2,664 +3.1% | $26,630 +6.6% |
| 2021 | $2,583 +2.4% | $24,970 +4.7% |
| 2020 | $2,523 -35.4% | $23,850 -33.8% |
| 2019 | $3,904 | $36,020 +3% |
| 2018 | -- | $34,970 |
| 2017 | $3,738 +8.8% | $34,970 -3.6% |
| 2016 | $3,436 | $36,260 |
| 2015 | $3,436 | $36,260 |
| 2014 | $3,436 | $36,260 |
| 2013 | $3,436 | $36,260 +1.3% |
| 2012 | -- | $35,780 +1.4% |
| 2011 | -- | $35,300 |
| 2010 | -- | $35,300 |
| 2009 | -- | $35,300 +7.7% |
| 2007 | -- | $32,780 +5.7% |
| 2005 | -- | $31,010 +9.9% |
| 2004 | $2,153 +8.9% | $28,220 -2.2% |
| 2003 | $1,978 +2.5% | $28,860 +4.8% |
| 2002 | $1,930 | $27,530 +5.6% |
| 2001 | -- | $26,060 +3.3% |
| 2000 | $1,718 | $25,230 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 62040
Nearby schools
GreatSchools rating
- NAPrather Elementary SchoolGrades: PK-KDistance: 1.1 mi
- 2/10Coolidge Middle SchoolGrades: 7-8Distance: 1.2 mi
- 2/10Granite City High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Granite City Dist 9
- Middle: Granite City Dist 9
- High: Granite City
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Madison County
- Granite City
- 62040
- 2446 State St
Nearby cities
Nearby zip codes
Other Granite City Topics
