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 DescriptionPartial, Walk-Out Access
Lot & Building Features
ArchitectureOther
ConstructionBrick
CoolingCentral Air
HeatingHot Water, Forced Air
Parking DescriptionGravel
Tax Year2024
Taxes Paid$1,745
Community and Schools
Elementary SchoolGRANITE CITY DIST 9
Junior High SchoolGRANITE CITY DIST 9
Senior High SchoolGranite 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.
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.
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
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange