Granite City Portfolio of properties for Sale - Illinois
Turnkey FULLY OCCUPIED 64-Unit Multi-Family Investment Opportunity – Granite City, Illinois.
Berkshire Hathaway HomeServices Select Properties presents an opportunity to acquire a fully operational, income-producing multi-family portfolio in Granite City, Illinois. This property offers a diverse mix of 64 residential units, including:
- One-bedroom / one-bathroom apartments – 24 Units (770 sq ft each unit)
- Two-bedroom / one-bathroom apartments – 24 Units (900 sq ft each unit)
- Two-bedroom / 1.5-bathroom townhomes – 16 Units (1050 sq ft each unit)
- One single-family home – 1200 sq ft
Property Highlights
- Unit Mix Variety: Appeals to a wide tenant base, including young professionals, families, and seniors.
- Turnkey Operation: Fully leased, delivering investors immediate income.
- Strong Cap Rate: At an impressive 8.29% cap rate, this asset offers competitive returns in today’s market.
- Parking & Access: Assigned parking for tenants plus additional visitor spaces ensure ease of use for residents and guests.
-Onsite Laundry - 3 convenient coin-operated laundry facilities generating an average of $750 in additional income each month.
- Security & Privacy: The community is fully enclosed with a privacy fence and secured through a gated main entry with guard shack, providing peace of mind for residents.
- Community Features: Multiple courtyard spaces encourage a sense of community and provide outdoor enjoyment.
Wilson Park – 2 blocks from Wilson Park a 74-acre city park that has been in operation since 1921 serving as a cornerstone for community activities. Includes Pickleball, Disc Golf, Baseball/ Softball Diamonds, Trails, Basketball Court, Ice Rink, Picnic Areas, Playgrounds, Tennis Courts, Concessions, Swimming Pool, Prairie/Songbird Site, and a 3-mile walking/running trail.
Investment Value
This portfolio is designed for both seasoned investors seeking immediate cash flow and those looking to expand their multi-family holdings in a growing Metro East market. Granite City’s affordability and proximity to downtown St. Louis make it an attractive rental market, with steady demand from tenants seeking accessible housing close to employment centers, interstates, and amenities.
With its mix of apartments, townhomes, and a single-family residence, this property minimizes vacancy risk and maximizes rent potential across different tenant demographics.
Location Benefits
Granite City, IL, is 10 minutes from St. Louis, MO, 20 minutes from Lambert-St. Louis International Airport, and offers easy access to major interstates, including I-270, I-255, and I-55. The area supports a strong tenant pool with proximity to shopping, dining, parks, schools, and regional employers. Investors benefit from stable demand and favorable rental trends in this well-positioned submarket.
