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1348 Madison Avenue
Madison IL 62060 US

$226,000

Active Listing ID 25073689
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Lot: 0.29 Acres
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Other

$226,000

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. Two out of the 3 units are currently rented, and the vacant residential unit is ready for a new tenant right away. The main floor of the building is a fully running & operational bar and grill that is currently tenant occupied, paying $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. Upstairs consists of two residential apartments. The occupied residential unit is a 2 Bedroom 1 Bath, paying $900/mo. The vacant unit is a spacious 1 Bedroom 1 Bath, and comes fully furnished provided by the seller, when this unit was occupied it was producing between $750-850/mo. The roof was completely replaced with architectural shingles in 2023. The commercial tenant pays ALL utilities for the building considering there is 1 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, with a seperate 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: 226000
  • 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 MARIS. 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":"2025-10-31T16:02:38Z", "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: 1/1/2026 12:54:19 AM GMT
Source Updated Date: 2/26/2026 12:48:25 PM GMT

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

Copyright © 2026 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.