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. Both of the residential upstairs apartments are currently rented, and the turn key bar & grill is ready to open right away, with a new owner or tenant of your choice. The main floor fully operational bar and grill was previously rented for $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. The upstairs residential apartment units consist of a 2 Bedroom 1 Bath, paying $900/mo. And a spacious 1 bedroom 1 bath unit and comes fully furnished provided by the seller, the tenants are paying $850/mo. The roof was completely replaced with architectural shingles in 2023. The commercial tenant once paid ALL utilities as apart of their lease terms, considering there is one 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. That parcel has a separate address of 1400 Madison Ave. Feel free to contact the listing agent for further details.
0 Bed
0 Bath
0 sq.ft
$0 per sq.ft
Other
$ 199,000
Pending
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25073689
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Southern Ext
Granite City DIST 9
Madison-IL
Residential Income
Other
Residential Income
$1,745
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 1735 Rhodes Street, Venice, IL 62060 | 4/2 | 1,284 | $112,000 | $115,000 102.7% of ask |
Jul 22, 2026 |
| 1833 3rd Street, Venice, IL 62060 | 0/0 | -- | $175,000 | $100,000 57.1% of ask |
Jul 1, 2026 |
| 2013 4th St, Madison, IL 62060 | 4/3 | 1,601 | $119,000 | $119,000 100% of ask |
Jun 26, 2026 |
| 1835 Market Street, Madison, IL 62060 | 3/1 | 1,346 | $49,900 | $40,000 80.2% of ask |
Jun 25, 2026 |
| 1217 Market Street, Madison, IL 62060 | 0/0 | -- | $119,900 | $65,000 54.2% of ask |
Jun 24, 2026 |
| 00 Bend Road, Madison, IL 62060 | 0/0 | -- | $986,000 | $887,400 90% of ask |
Jun 19, 2026 |
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Charming 3-bed/1-bath home currently leased to a long-term tenant who desires to stay. Updated with fresh paint, LVP flooring throughout, stainless steel appliances, updated lighting, new tub/shower surround, and new bathroom vanity. Roof and AC were replaced in the last two years, and the attic has new insulation as of 2025—great opportunity to add to or start a rental portfolio. Can be purchased on its own or along with the 4-unit building next door, 1051 Washington Ave. MLS#26055121 Pre-approved buyers only; 48-hour notice required for all showings. Seller will be present for all showings. Showings are dependent on tenant availability.
Turnkey investment property featuring four 1 bed/1 bath units. Most units have been updated with LVP flooring throughout, stainless steel appliances in the kitchen, updated lighting, new tub/shower surround, and new bathroom vanities. Roof and AC were replaced in the last two years. Windows and exterior doors were replaced in 2025, new attic insulation in 2025, crawlspace vapor barrier and rim joist insulation added in 2025—great opportunity to add to or start a rental portfolio. Can be purchased on its own or along with the 3 bed/1 bath single family home next door, 1047 Washington Ave. MLS#26056103 Pre-approved buyers only; 48-hour notice required for all showings. Seller will be present for all showings. Showings are dependent on tenant availability.
Turnkey investment property featuring four 1 bed/1 bath units. Most units have been updated with LVP flooring throughout, stainless steel appliances in the kitchen, updated lighting, new tub/shower surround, and new bathroom vanities. Roof and AC were replaced in the last two years. Windows and exterior doors were replaced in 2025, new attic insulation in 2025, crawlspace vapor barrier and rim joist insulation added in 2025—great opportunity to add to or start a rental portfolio. Pre-approved buyers only; 48-hour notice required for all showings. Seller will be present for all showings. Showings are dependent on tenant availability.
