Pending

Listed by Adam Jokisch from Adams Auctions

Source: Mid America Regional Information Systems, Inc. #26002418

1808 State Street, Granite City, IL, 62040

$40,000

4967 sq. ft.
6250.86 sq. ft.

MultiFam

30+ days on the market

What's around 1808 State Street

About this property

Price listed is Starting Bid Only. Bidding starts closing 02/04/2026 @ 6 p.m. Discover your chance to own a potential filled, income-producing asset in the heart of Granite City. This partially leased 5-unit building generates $1,000 in monthly rental income at the current rental rates, offering immediate cash flow and long-term investment potential. The building features three-2BR/1BA units and two-1BR/1BA units. Currently, the owner pays for water and trash for the building with the tenants responsible for electric and gas thanks to dedicated meters, keeping operational costs manageable and transparent. Zoned C-Commercial within the Granite City zoning jurisdiction, the building is currently operating as a multi-unit apartment building, with any alternate use requiring city approval. Conveniently located near public transit, schools, and major Metro East roadways, this property combines accessibility with strong rental appeal. With two fully rented units, this is a smart investment whether you are expanding your portfolio or stepping into multifamily real estate for the first time. Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers. Showings available on open house date only due to tenants occupying property.

Looking for more information on 1808 State Street?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$75,000
2230 East 24th Street
Granite City IL 62040
3
Multi-Family
Under Contract
$190,000
2446 State St
Granite City IL 62040
Multi-Family
Listing courtesy of Real Broker LLC
Pending
$100,000
3170 Yale Drive
Granite City IL 62040
4
Multi-Family
Listing courtesy of The Auction House Company

Other properties for sale by Adams Auctions

For Sale
$1,000
217 West Williams Street
Mount Auburn IL 62547
Land
Listing courtesy of Adams Auctions
For Sale
$5,000
4916 Wilderness Point
Smithton IL 62285
Land
Listing courtesy of Adams Auctions
For Sale
$30,000
2502 East 28th Street
Granite City IL 62040
2
1
2
Single-Family
Listing courtesy of Adams Auctions

Browse properties sold in nearby areas

Based on information submitted to the MLS GRID as of 15 Jan 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent