1348 Madison AVE, Madison, IL 62060
1348 Madison AVE, Madison, IL 62060
1348 Madison AVE, Madison, IL 62060
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Kris Yoon

Kris Yoon

+1(314) 520-7980
$199,000
Est. payment /mo
4,608 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,608 sqft

Price per Sqft $43

Subdivision Southern Ext

MLS Listing ID 25073689

Style Other

Year Built 1940

Annual Tax Amount $1,745

Lot Size 0.293 Acres

Acres 0.2927

Property Sub-Type 2-4 Units

Property Description

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.

Location

State IL

County Madison

Rooms

Basement Partial, Walk-Out Access

Interior

Heating Forced Air, Hot Water

Cooling Central Air

Fireplace N

Exterior

View Y/N No

Building

Structure Type Brick

Schools

Elementary Schools Granite City Dist 9

Middle Schools Granite City Dist 9

High Schools Granite City

School District Granite City Dist 9

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Devin Outman • Landmark Realty
Kris Yoon

"As a lifelong resident of St. Louis, local real estate investor and full time professional Realtor, I will provide unparalleled market knowledge, exceptional communication and a focus on your satisfaction."

+1(314) 520-7980

kris@homeinstlouis.com

St Louis, MO, USA

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1348 Madison AVE

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