Residential Income for Sale: 1348 Madison Avenue, Madison, IL 62060

4,608 sqft
$199,000
$199,000
1348 Madison Avenue, Madison, IL 62060
4,608 sqft
$199,000
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Price:
$199,000
$27,000 - 03/05/2026

Type Residential Income
Square Footage 4,608 sqft
Lot Size 0.29 acres
Year Built 1940
Taxes Paid $1,745

City Madison
County Madison
School District Granite City DIST 9
Subdivision Southern Ext

MLS 25073689
Status Active
DOM 134 days
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. Both of the residential upstairs apartments are currently rented, and the turn key bar & grill is ready to open right away, with a new owner or tenant of your choice. The main floor fully operational bar and grill was previously rented for $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. The upstairs residential apartment units consist of a 2 Bedroom 1 Bath, paying $900/mo. And a spacious 1 bedroom 1 bath unit and comes fully furnished provided by the seller, the tenants are paying $850/mo. The roof was completely replaced with architectural shingles in 2023. The commercial tenant once paid ALL utilities as apart of their lease terms, considering there is one 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. That parcel has a separate address of 1400 Madison Ave. Feel free to contact the listing agent for further details.

Room Features

Basement Description Partial, Walk-Out Access

Lot & Building Features

Architecture Other
Construction Brick
Cooling Central Air
Heating Hot Water, Forced Air
Parking Description Gravel
Tax Year 2024
Taxes Paid $1,745

Community and Schools

Elementary School GRANITE CITY DIST 9
Junior High School GRANITE CITY DIST 9
Senior High School Granite City

Price History of 1348 Madison Avenue, Madison, IL

Date Name Price Difference
03/05/2026 Price Adjustment $199,000 11.95%
10/31/2025 Listing Price $226,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 1348 Madison Avenue, Madison, IL

Location Map Street View
Photo of Roy Doskal, SRES
Roy Doskal, SRES
Owner/Broker
Direct: 314-709-2456
Office
7 Weldon Spring Heights
Weldon Spring, MO 63304
314-709-2456
Listed by Landmark Realty, Devin Outman
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0.87688442211055%
6.75%
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Monthly Taxes
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1348 Madison Avenue (MLS #25073689) is a residential income listing located in Madison, IL. This is a residential income listing with a lot of 12,750 sqft (or 0.29 acres). This property was listed on 10/31/2025 and has been priced for sale at $199,000.

Nearby zip codes are 62040, 62090, 63102, 63107 and 63147. This property neighbors other cities such as Defiance, East St Louis, Granite City, St Louis and Venice.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Landmark Realty

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