Multi Family homes for sale & real estate in Madison County, IL

27 homes

Sort:

Recommended

NEW 9 HRS AGO

ABOUT THIS HOME
Multi Family Home for sale in Madison County, IL:
GREAT INVESTMENT!!! Duplex and single family, total of 3 units. Fully rented, long term tenants. . Separate electric, water and gas meters, no utility expenses! Close to a big city!!! CHEAP TO MAINTAIN!!! PROPERTY WILL GENERATE A GREAT NET RETURN ON INVESTMENT!!! !!! Do not miss out on this investment opportunity.

$79,900

0 beds— baths1,288 sq ft

187 Goulding St, East Alton, IL 62024

4,499 sq ft lot • Built 1920

ABOUT THIS HOME
Multi Family Home for sale in Madison County, IL:
This unique property offers a 3 bedroom, 2 bath, 2 story residence, as well as a cottage house and shed. Front house offers a main floor foyer entry, living room, dining room, kitchen and laundry/bathroom. Stairway leads to upper level with 3 bedrooms, and a full bath. Separate cottage house offers living room, kitchen, bath, and bonus room.

$220,000

6 beds5 baths1,443 sq ft

3302 College Ave, Alton, IL 62002

0.27 acre lot • Built 1940 • Listed 25 days

ABOUT THIS HOME
Multi Family Home for sale in Madison County, IL:
Looking to increase your passive income? Looking for a home with a Mother-In-Law suite? This property previously brought in $2000 a month in income. The front home is a 3 bedroom, 2 bath, eat-in kitchen and laundry with a nice sized fenced yard. The rear unit is a 1 bedroom, 1 bath, laundry service, extra storage and comes with furnishings. Call your favorite agent today and schedule a private tour!

$115,000

4 beds3 baths1,305 sq ft

1437 Grand Ave, Granite City, IL 62040

Mother-in-law suite • Fenced yard • Extra storage

ABOUT THIS HOME
Multi Family Home for sale in Madison County, IL:
This fully rented duplex at 207 E Penning, Wood River is close to downtown where things are starting to vibe again! Main level is 2 bedroom, 2 bathroom. Upper level is 1 bedroom, 1 bathroom. Leases end in May. Some updated include new windows on the main level, new sewer lateral, remodeled main level with new flooring, bathroom, fixtures, etc.

$155,000

3 beds3 baths2,179 sq ft

207 E Penning Ave, Wood River, IL 62095

New sewer lateral • New bathroom • Fully rented duplex

ABOUT THIS HOME
Multi Family Home for sale in Madison County, IL:
MULTI-UNIT Investment property remodeled & duplex is ready to rent! Charming two-story duplex in the front featuring OPEN CONCEPT w/ 9' ceilings, cove molding & new LVP flooring . Live on one side and rent the other! One side features 2-BR unit & other is a 1-BR unit. New kitchens w/ new SS appliances, cabinetry, sink & countertops. New baths, hot water heaters, light fixtures, GFCI's, switches & high-eff furnaces. Both units have own laundry hookups in basement plus storage. Fresh paint throughout. Roof 2022. Rear unit is an efficiency unit built over garage that still needs some work. Prior to closing, seller will clean out garage/storage space & get oc

$142,900

4 beds4 baths— sq ft

2720 Iowa St Unit A, B & C, Granite City, IL 62040

Remodeled duplex • New kitchens • New baths

Property at 2441 E 24th St, Granite City, IL 62040, 4 beds, 4 baths

$275,000

4 beds4 baths1,344 sq ft

2441 E 24th St, Granite City, IL 62040

Property at 821/823 Niedringhaus Ave Unit A-D, Granite City, IL 62040

$349,000

0 beds— baths4,734 sq ft

821/823 Niedringhaus Ave Unit A-D, Granite City, IL 62040

Property at 2205 Grand Ave, Granite City, IL 62040, 4 beds, 4 baths

$16,500

4 beds4 baths3,384 sq ft

2205 Grand Ave, Granite City, IL 62040

Property at 612 Mechanic St, Alton, IL 62002, 4 beds, 4 baths

$159,000

4 beds4 baths1,594 sq ft

612 Mechanic St, Alton, IL 62002

Property at 821 Alby St, Alton, IL 62002, 10 beds, 6 baths

$149,000

10 beds6 baths3,258 sq ft

821 Alby St, Alton, IL 62002

Property at 1348 Madison Ave, Madison, IL 62060, 3 beds, 2 baths

$226,000

3 beds2 baths4,608 sq ft

1348 Madison Ave, Madison, IL 62060

Property at 728-730 E 6th St, Alton, IL 62002, 5 beds, 3 baths

$59,900

5 beds3 baths1,260 sq ft

728-730 E 6th St, Alton, IL 62002

Property at 213 Broadway, Highland, IL 62249, 13 beds, 8 baths

$575,000

13 beds8 baths6,519 sq ft

213 Broadway, Highland, IL 62249

Property at 1120 Williams St, Collinsville, IL 62234, 8 beds, 4 baths

$225,000

8 beds4 baths2,176 sq ft

1120 Williams St, Collinsville, IL 62234

Property at 2301 Benton St, Granite City, IL 62040, 3 beds, 3 baths

$79,000

3 beds3 baths1,092 sq ft

2301 Benton St, Granite City, IL 62040

Property at 45 Bellevue Dr, Collinsville, IL 62234, 10 beds, 10 baths

$307,500

10 beds10 baths3,024 sq ft

45 Bellevue Dr, Collinsville, IL 62234

Property at 2108 Washington Ave, Granite City, IL 62040

$127,500

0 beds— baths950 sq ft

2108 Washington Ave, Granite City, IL 62040

Property at 2013 Grand Ave Unit A,B,A,B, Granite City, IL 62040, 20 beds, 10 baths

$100,000

20 beds10 baths3,925 sq ft

2013 Grand Ave Unit A,B,A,B, Granite City, IL 62040

Property at 1534 7th St, Madison, IL 62060, 5 beds, 2 baths

$109,900

5 beds2 baths1,807 sq ft

1534 7th St, Madison, IL 62060

Property at 427 E 4th St, Alton, IL 62002, 4 beds, 2 baths

$200,000

4 beds2 baths2,275 sq ft

427 E 4th St, Alton, IL 62002

Property at 812 W Douglas St, New Douglas, IL 62074, 4 beds, 2 baths

$139,900

4 beds2 baths1,724 sq ft

812 W Douglas St, New Douglas, IL 62074

Property at 516 N Old Edwardsville Rd, Roxana, IL 62084, 6 beds, 4 baths

$80,000

6 beds4 baths1,886 sq ft

516 N Old Edwardsville Rd, Roxana, IL 62084

Property at 518 Ridge St, Alton, IL 62002, 9 beds, 5 baths

$230,000

9 beds5 baths— sq ft

518 Ridge St, Alton, IL 62002

Property at 1832 Cleveland Blvd, Granite City, IL 62040, 8 beds, 8 baths

$1,475,000

8 beds8 baths5,580 sq ft

1832 Cleveland Blvd, Granite City, IL 62040

Property at 329 Rutledge St, Worden, IL 62097, 7 beds, 4 baths

$385,000

7 beds4 baths3,300 sq ft

329 Rutledge St, Worden, IL 62097

Property at 314 W 4th St, Alton, IL 62002, 1 bed, 1 bath

$110,000

1 bed1 bath— sq ft

314 W 4th St, Alton, IL 62002

Property at 307 Sandbach, Worden, IL 62097, 8 beds, 4 baths

$245,000

8 beds4 baths2,342 sq ft

307 Sandbach, Worden, IL 62097

Viewing page 1 of 1

Based on information submitted to the MLS GRID as of Thu Nov 27 2025. 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.

Multi Family Homes for Sale in Madison County

There are currently 27 multi family homes for sale in Madison County at a median listing price of $142K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Madison County stay on the market for 59 days. This map is refreshed with the newest listings in Madison County every 15 minutes.

In the past month, 322 homes have been sold in Madison County. In addition to houses in Madison County, there were also 15 condos, 5 townhouses, and 30 multi-family units for sale in Madison County last month. Find your dream home in Madison County using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Madison County are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Madison County. If you're looking to sell your home in the Madison County area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Madison County with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for Madison County, IL

Nearby Counties

Cities

Nearby Counties with Multi Family Homes

Nearby Cities with Multi Family Homes

More to explore in Madison County, IL

How to buy a house in Madison County, IL

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in Illinois

Chicago homes for sale
$349,900
Naperville homes for sale
$632,500
Schaumburg homes for sale
$299,945
Arlington Heights homes for sale
$425,000
Glenview homes for sale
$775,000
Oak Park homes for sale
$375,560
Evanston homes for sale
$440,000
Des Plaines homes for sale
$385,000
Orland Park homes for sale
$375,000
Downers Grove homes for sale
$510,000
Mount Prospect homes for sale
$429,500
St. Charles homes for sale
$460,000
Skokie homes for sale
$425,000
Glen Ellyn homes for sale
$550,000
Northbrook homes for sale
$565,000

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.