$48,000
2123 Edison Avenue
Granite City, Granite City, Illinois, 62040
MLS® 26059827 · Listed by H3 Capital Real Estate, Llc
About this property
Affordable four-unit multifamily investment opportunity in Granite City, Illinois, offered at $48,000. The property features a 2,249 SF two-story brick building on a 50' x 125' lot and is currently 25% occupied, with one occupied unit and three vacant units. The current tenant pays $635 per month, providing immediate income while leaving significant upside through lease-up of the remaining units. At just $12,000 per unit, this property offers a compelling value-add opportunity for an investor seeking a low-cost multifamily acquisition with room to increase occupancy and revenue. 2025 real estate taxes are approximately $2,300.64.
Estimated value
$177,273
Estimated range: $141,697 – $212,848 · 20% confidence
Estimated value by month
This is an automated estimate based on MLS® market data — not an appraisal or a substitute for professional advice.
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MLS® data for this listing last updated Sep 16, 2026.