1348 Madison Ave

Madison, IL 62060

$226,000
Price
—
Beds
2
Baths
4,608 Sq. Ft.
$49 / Sq. Ft.
4,608
Sq. Ft.
$49
per Sq. Ft.

Description

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...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.
  1. Listed by Devin Outman • Landmark Realty

Property Details for 1348 Madison Avenue

Architectural Style
Other
LISTING UPDATED: 11/01/2025 11:03 AM

Property Details for 1348 Madison Avenue

StatusActive
MLS #25073689
Days on Market62
Taxes$1,745 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.29 AC / 12,750 SF
CountyMadison County IL

Location

Listing Courtesy of Landmark Realty
Add your commute

Building Information for 1348 Madison Avenue

Stories-Residences3Year Built1940Building Size-Lot Size0.29 AC / 12,750 SF

Payment Calculator

$1,262 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,117

Property Taxes

$145

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1348 Madison Avenue

Summary
Location and General Information
  • City: Madison
  • County Or Parish: Madison
  • Latitude: 38.691612
  • Longitude: -90.1545
  • Postal Code: 62060
  • State Or Province: IL
  • Sub division Name: Southern Ext
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 21-2-19-24-19-402-008
  • Tax Annual Amount: $1,745.00
  • Tax Year: 2024
Parking
  • Attached Garage: No
  • Carport: No
  • Parking Features: Gravel
School Information
  • Elementary School: GRANITE CITY DIST 9
  • High School: Granite City
  • High School District: Granite City DIST 9
  • Middle Or Junior School: GRANITE CITY DIST 9
Property
Lot Information
  • Lot Size Acres: 0.2927
  • Lot Size Square Feet: 12750.01
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 4608.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 0
  • Photos Count: 14
  • Year Built: 1940
  • Disclosures: Seller Property Disclosure
  • Construction Materials: Brick
Utilities
  • Electric: Ameren
Interior and Exterior Features
Interior Features
  • Basement: Partial, Walk-Out Access
  • Basement YN: Yes
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Forced Air, Hot Water
Multi Family
Multi-Family Information
  • Number Of Units Total: 3

Property History for 1348 Madison Avenue

DateEvent & SourcePriceAppreciation
Oct 31, 2025

Listed (Active)

MARIS #25073689

$226,000—
Sep 22, 2017

Closed (Public Record)

Public Record #611273280

$61,667—
DateEvent & SourcePrice
10/31/2025

Listed (Active)

MARIS #25073689

$226,000
09/22/2017

Closed (Public Record)

Public Record #611273280

$61,667

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1348 Madison Avenue

Taxable ValueLand$3,710Additions$13,630Total$17,340
Tax Record2024$1,745 ($145 / month)
Home Facts
Total Finished SqFt5,108 SqFtAbove Grade Finished SqFt5,108 SqFtLot Size12,750 SqFtStyleRestaurantYear Built1940CountyMADISONAPN21-2-19-24-19-402-008

Schools near 1348 Madison Avenue

This home is within Granite City Community Unit School District 9.
Rating
School
Type
Grades
Distance
Lake School
Public - 5 to 12
Granite City High School
Public - 9 to 12
Coolidge Middle School
Public - 7 to 8
Wilson Elementary School
Public - 1 to 2
Rating
School
Distance
Lake School
Public5 to 12

Granite City High School
Public9 to 12

Coolidge Middle School
Public7 to 8

Wilson Elementary School
Public1 to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1348 Madison Avenue, Madison, IL 62060

1348 Madison Avenue is a multi-family home for sale in Madison, IL 62060. This property was listed for sale on October 31, 2025 by Landmark Realty, it's currently listed at $226,000. It has been on the market for a total of 62 days and was last sold on September 22, 2017. This listing's school district is Granite City Community Unit School District 9. Nearby schools include Lake School, Granite City High School and Coolidge Middle School. 1348 Madison Avenue is a 0-bed, 2-bath, 4,608 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Landmark Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/01/2026 11:59 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.