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1348 Madison Avenue
Madison IL 62060 US

$199,000

Active Listing ID 25073689
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Lot: 0.29 Acres
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Other

$199,000

Active Listing ID 25073689
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1348 Madison Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.29 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Heating Fuels: Forced Air, Hot Water (Heating)

School Information

  • School
  • GRANITE CITY DIST 9(Elementary)
  • GRANITE CITY DIST 9(MiddleSchool)
  • Granite City(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 199000
  • unparsedaddress: 1348 Madison Avenue
  • postalcity: Madison
  • stateorprovince: IL
  • country: US
  • postalcode: 62060
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2927
  • lotsizeunits: Acres
  • lotsizearea: 0.2927
  • livingarea: 4608
  • livingareaunits: Square Feet
  • latitude: 38.691612
  • longitude: -90.1545
  • listagentfullname: Devin Outman
  • listagentemail: devinoutman@gmail.com
  • listagentkey: 3yd-MARISMO-DEOUTMAN
  • listagentmlsid: DEOUTMAN
  • listagentpreferredphone: 6186314841
  • listagentofficephone: 6184661513
  • listofficekey: 3yd-MARISMO-E006
  • listagentstatelicense: 475183933
  • listofficemlsid: E006
  • disclaimer: Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MARISMO
  • yearbuilt: 1940
  • listagenturl: http://www.godfreylandmark.com
  • countyorparish: Madison
  • parcelnumber: 21-2-19-24-19-402-008
  • elementaryschool: GRANITE CITY DIST 9
  • highschool: Granite City
  • elementaryschooldistrict: Granite City DIST 9
  • middleorjuniorschooldistrict: Granite City DIST 9
  • highschooldistrict: Granite City DIST 9
  • cooling: Central Air
  • constructionmaterials: Brick
  • heating: Forced Air, Hot Water (Heating)
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -90.1545, 38.691612
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Landmark Realty Godfrey", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"devinoutman@gmail.com", "ListBrokerageCity":"Godfrey", "ListBrokerageCountry":"US", "ListBrokerageEmail":"landmarkgodfrey@yahoo.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Landmark Realty Godfrey", "ListBrokeragePhone":"(618) 466-1513", "ListBrokeragePostalCode":"62035", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3049 Godfrey Road", "ListBrokerageWebsiteUrl":"http://www.godfreylandmark.com", "ListOfficeAddress1":"3049 Godfrey Road", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"HORNM", "ListOfficeCity":"Godfrey", "ListOfficeCountry":"US", "ListOfficeEmail":"mlhorn6@charter.net", "ListOfficePostalCode":"62035", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Madison, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1348-Madison-Ave_Madison_IL_62060_M85723-74265?f=listhub&s=MARISMO&m=25073689&c=rexren", "MLSModificationTimestamp":"2026-03-05T11:48:38Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1745, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/10/2026 4:36:25 AM GMT
Source Updated Date: 4/13/2026 6:50:03 PM GMT

Courtesy of: Devin Outman, Landmark Realty, devinoutman@gmail.com

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.