Calling All Investors! Here's your chance to secure a solid investment with immediate income and future growth potential. This brick duplex comes with an adjoining lot (parcel #22-2-20-18-16-405-048) offering a combined total of approximately 10,000 square feet of land. Each unit is currently occupied, providing steady cash flow, and with one tenant moving soon, there's a golden opportunity to renovate and increase rental income. Whether you're thinking of upgrading the existing unit or exploring creative ways to maximize the lot like adding a tiny home or accessory dwelling unit. This property offers flexibility and long-term value. Conveniently located and full of potential, it's a smart addition to any investor's portfolio.
Closed
Listed by: Coldwell Banker Brown Realtors • Dorothy Cushshon • Contact: 314-267-0097
Bought with: Coldwell Banker Brown Realtors
$55,000
2450 Iowa St, Granite City, IL 62040
4beds
2baths
1,034sqft
Multi Family
Built in 1921
-- sqft lot
$102,000 Zestimate®
$53/sqft
$892 Estimated rent
Home value
$102,000
$77,000 - $129,000
$892/mo
Zestimate® history
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$892/mo
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$318/mo
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List your homeWhat's special
Brick duplexAdjoining lot
Zillow last checked:
Listing updated:
Listed by:
Dorothy Cushshon 314-267-0097,
Coldwell Banker Brown Realtors
Bought with:
Dorothy Cushshon, 475205284
Coldwell Banker Brown Realtors
Source: MARIS,MLS#: 25033400
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air, Electric
Appliances
- Included: Refrigerator
Features
- Windows: Stained Glass
- Basement: Full,Storage Space,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,034
- Total interior livable area: 1,034 sqft
- Finished area above ground: 1,034
Property
Parking
- Parking features: Concrete, Driveway
- Has uncovered spaces: Yes
Features
- Levels: Two and a Half
- Patio & porch: Deck, Front Porch, Rear Porch
- Exterior features: None
Lot
- Size: 5,000 Square Feet
- Features: Cleared, Level, Undeveloped
Details
- Additional structures: None
- Parcel number: 222201815405031
- Special conditions: Listing As Is
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1921
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & HOA
Community
- Features: Curbs, Park, Restaurant, Sidewalks, Street Lights, Trail(s)
- Subdivision: Inglesyde Add
HOA
- Has HOA: No
Location
- Region: Granite City
Financial & listing details
- Price per square foot: $53/sqft
- Tax assessed value: $82,920
- Annual tax amount: $2,372
- Date on market: 5/16/2025
- Cumulative days on market: 26 days
- Listing terms: Cash,Conventional
- Ownership: Private
- Electric utility on property: Yes
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2025 | Sold | $55,000-31.2%$53/sqft |
Source:  MARIS #25033400 Report a problem | ||
| 6/12/2025 | Pending sale | $79,900$77/sqft |
Source: MARIS #25033400 Report a problem | ||
| 6/11/2025 | Price change | $79,900-15.9%$77/sqft |
Source: MARIS #25033400 Report a problem | ||
| 5/16/2025 | Listed for sale | $95,000+90%$92/sqft |
Source: MARIS #25033400 Report a problem | ||
| 6/2/2023 | Sold | $50,000+6.4%$48/sqft |
Source: Public Record Report a problem | ||
| 2/15/2019 | Sold | $47,000+88%$45/sqft |
Source: Public Record Report a problem | ||
| 8/29/2007 | Sold | $25,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,409 +1.6% | $27,640 +11% |
| 2023 | $2,372 +3.9% | $24,910 +9.2% |
| 2022 | $2,282 +3.1% | $22,820 +6.6% |
| 2021 | $2,213 +2.4% | $21,400 +4.7% |
| 2020 | $2,161 +3% | $20,430 +5.5% |
| 2019 | $2,098 | $19,360 +3% |
| 2018 | -- | $18,800 |
| 2017 | $2,009 +8.7% | $18,800 -3.6% |
| 2016 | $1,848 | $19,500 |
| 2015 | $1,848 | $19,500 |
| 2014 | $1,848 | $19,500 |
| 2013 | $1,848 | $19,500 +1.4% |
| 2012 | -- | $19,240 -10.1% |
| 2011 | -- | $21,400 |
| 2010 | -- | $21,400 |
| 2009 | -- | $21,400 +9.9% |
| 2007 | -- | $19,470 +5.7% |
| 2005 | -- | $18,420 +9.8% |
| 2004 | $1,360 +8% | $16,770 +3.8% |
| 2003 | $1,259 +1.7% | $16,150 +4.8% |
| 2002 | $1,238 | $15,410 +5.7% |
| 2001 | -- | $14,580 +3.3% |
| 2000 | $1,147 | $14,120 |
Find assessor info on the county website
Neighborhood: 62040
Nearby homes
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Nearby schools
GreatSchools rating
- NAPrather Elementary SchoolGrades: PK-KDistance: 1.3 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.
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Estimated market value
$102,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$102,000
- Illinois
- Madison County
- Granite City
- 62040
- 2450 Iowa St
Nearby cities
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