1808 State St

Granite City, IL 62040

$40,000
Price
—
Beds
—
Baths
4,967 Sq. Ft.
$8 / Sq. Ft.
4,967
Sq. Ft.
$8
per Sq. Ft.
Open: 1/25 12:00PM - 02:00PM
Open: 1/25 12:00PM - 02:00PM

Description

Price listed is Starting Bid Only. Bidding starts closing 1/28/2026 @ 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...Price listed is Starting Bid Only. Bidding starts closing 1/28/2026 @ 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.
  1. Listed by Adam Jokisch • Adams Auction & Real Estate Services Inc.

Property Details for 1808 State Street

Architectural Style
Other
Waterfront
No

Open Houses

Sunday, Jan 25th

12:00 PM - 2:00 PM

Public

LISTING UPDATED: 01/14/2026 09:11 AM

Property Details for 1808 State Street

StatusActive
MLS #26002418
Days on Market8
Taxes$1,347 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 Family or More
Year Built1940
Lot Size0.14 AC / 6,250 SF
CountyMadison County IL

Location

Listing Courtesy of Adams Auction & Real Estate Services Inc.
Add your commute

Building Information for 1808 State Street

Stories-Residences5Year Built1940Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$307 per month

30 year fixed, 6.15% Interest

Principal and Interest

$195

Property Taxes

$112

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1808 State Street

Summary
Location and General Information
  • City: Granite City
  • County Or Parish: Madison
  • Latitude: 38.698438
  • Longitude: -90.150747
  • Postal Code: 62040
  • State Or Province: IL
  • Sub division Name: Granite City
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 22-2-19-24-12-202-018
  • Tax Annual Amount: $1,347.00
  • Tax Legal Description: ORIGINAL PLAT OF GRANITE CITY LOT 22 50X125
  • Tax Year: 2024
Owner
  • Township: Granite City
Parking
  • Attached Garage: No
  • Carport Spaces: 0.0
  • Carport: No
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Parking Lot
  • Parking Total: 0.0
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
  • Living Area: 4967.0
  • Lot Size Acres: 0.1435
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 6250.86
  • Property Sub Type: 5 Family or More
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 4967.0
  • Above Grade Finished Area Source: Public Records
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: Public Records
  • Documents Count: 2
  • Photos Count: 9
  • Year Built: 1940
  • Disclosures: Other
  • Construction Materials: Block, Brick, Other
  • Ownership Type: Private
Utilities
  • Electric: Other
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Roof: Flat
  • Pool Private: No
Interior Features
  • Basement: Full
  • Basement YN: Yes
  • Levels: Two
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0
  • Cooling: Central Air, Wall/Window Unit(s)
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
Multi Family
Multi-Family Information
  • Number Of Units In Community: 5
  • Number Of Units Total: 5
Income & Expenses
  • Net Operating Income: $.00

Property History for 1808 State Street

DateEvent & SourcePriceAppreciation
Jan 14, 2026

Listed (Active)

MARIS #26002418

$40,000—
Dec 30, 2020

Closed (Public Record)

Public Record #691787942

$34,000

-1.2% / yr

Jul 5, 2018

Closed (Public Record)

Public Record #626446750

$35,000—
DateEvent & SourcePrice
01/14/2026

Listed (Active)

MARIS #26002418

$40,000
12/30/2020

Closed (Public Record)

Public Record #691787942

$34,000

-1.2% / yr

07/05/2018

Closed (Public Record)

Public Record #626446750

$35,000

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

Public Records for 1808 State Street

Taxable ValueLand$2,170Additions$13,280Total$15,450
Tax Record2024$1,347 ($112 / month)
Home Facts
Total Finished SqFt4,967 SqFtAbove Grade Finished SqFt4,967 SqFtLot Size6,250 SqFtStyleStoresYear Built1940CountyMADISONAPN22-2-19-24-12-202-018

Schools near 1808 State Street

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
Frohardt Elementary School
Public - 3 to 4
Rating
School
Distance
Lake School
Public5 to 12

Granite City High School
Public9 to 12

Coolidge Middle School
Public7 to 8

Frohardt Elementary School
Public3 to 4

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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 1808 State Street, Granite City, IL 62040

1808 State Street is a multi-family home for sale in Granite City, IL 62040. This property was listed for sale on January 14, 2026 by Adams Auction & Real Estate Services Inc., it's currently listed at $40,000. It has been on the market for a total of 8 days and was last sold on December 30, 2020. 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. 1808 State Street is a 0-bed, 0-bath, 4,967 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 Adams Auction & Real Estate Services Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/22/2026 10:42 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.