Multi Family homes for sale & real estate in 62040, IL

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ABOUT THIS HOME
Multi Family Home for sale in 62040, IL:
Affordable four-unit multifamily investment opportunity in Granite City, Illinois, offered at $48,000. The property features a 2,249 SF two-story brick building on a 50' x 125' lot and is currently 25% occupied, with one occupied unit and three vacant units. The current tenant pays $635 per month, providing immediate income while leaving significant upside through lease-up of the remaining units. At just $12,000 per unit, this property offers a compelling value-add opportunity for an investor seeking a low-cost multifamily acquisition with room to increase occupancy and revenue. 2025 real estate taxes are approximately $2,300.64.

$48,000

Studio— baths2,249 sq ft

2123 Edison Ave, Granite City, IL 62040

6,250 sq ft lot • Built 1900 • Listed 46 days

ABOUT THIS HOME
Multi Family Home for sale in 62040, IL:
Excellent investment opportunity near Wilson Park! This well-maintained three-unit rental property offers a great opportunity for an investor looking to add an income-producing property to their portfolio. The building features three updated units, providing comfortable living spaces and strong rental potential. Conveniently located near Wilson Park, shopping, dining, schools, and major roadways. Whether you're an experienced investor or looking to purchase your first multifamily property, this is an opportunity worth exploring. Three units, updated interiors, and a desirable location make this property a must-see!

$110,000

Studio3 baths1,440 sq ft

2704 Idaho Ave, Granite City, IL 62040

Desirable location • Updated interiors • 3,606 sq ft lot

ABOUT THIS HOME
Multi Family Home for sale in 62040, IL:
Unique investment opportunity to buy a 6 Family building. Six one bedroom units in great condition. 100% rented. Market rents are about $650, Well-maintained. Newer thermal windows in back. Storm doors. Newer front porches. Updated electric. Full basement. Tenants have access to basement for their electrical boxes, but not for storage. Spacious back yard. Excellent investment opportunity!! Priced below market value. One unit is available for viewing currently with the other upon contract

$285,500

11 beds11 baths2,470 sq ft

Undisclosed address, Granite City, IL 62040

One bedroom units • Thermal windows • Updated electric

ABOUT THIS HOME
Multi Family Home for sale in 62040, IL:
HUGE TRIPLEX COULD BE RETROFITTED TO LARGE FAMILY HOME. SELLER IN THE PROCESS OF HAVING WINDOWS INSTALLED. SOLD AS-IS. MOSTLY GUTTED. NEW REPLACEMENT WINDOWS AND DOORS WILL STAY. APPEARS TO BE NEWER ROOF 7-8 YRS OLD. MOTIVATED SELLER SAYS MAKE OFFER!!

$70,000

6 beds6 baths2,609 sq ft

1937 Benton St, Granite City, IL 62040

6,250 sq ft lot • Built 1895 • Listed 91 days

ABOUT THIS HOME
Multi Family Home for sale in 62040, IL:
This 4 unit multi-family is waiting to be brought back to its former glory. The main level offers two units with high ceilings, eat-in kitchens, living rooms, and 1 bed/1 bath. The upper two units are studios with eat-in kitchens. The full basement offers storage, a large bathroom with garden tub, shared furnaces and hot water heater. The large lot has plenty of space for parking and storage in the 3 car deep garage. Great income potential in a good location. Property to be sold AS IS, seller to offer no warranties, repairs or inspections including occupancy.

$60,000

2 beds4 baths— sq ft

2230 E 24th St, Granite City, IL 62040

Eat-in kitchens • Large bathroom • Large lot

Property at 2200 Iowa St, Granite City, IL 62040, 1 bed

$289,900

1 bed— baths4,148 sq ft

2200 Iowa St, Granite City, IL 62040

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COMING SOON

$960,000

48 beds32 baths6,320 sq ft

1514-1520 Salisbury St, Saint Louis, MO 63107

2,295 sq ft lot • Built 1893

ABOUT THIS HOME
Multi Family Home for sale in 62040, MO:
INVESTOR ALERT | $29,900 4212 E. Maffitt Street, St. Louis, MO 63113 Historic North St. Louis duplex with renovation potential! Located near Crown Candy Kitchen, Next NGA West, and the revitalization of Old North St. Louis. Investors and rehabbers — bring your vision and explore the possibilities!

$29,900

Studio2 baths2,156 sq ft

4212 E Maffitt Ave, Saint Louis, MO 63113

Renovation potential • 3,550 sq ft lot • Built 1907

ABOUT THIS HOME
Multi Family Home for sale in 62040, MO:
This two-story brick four building . Featuring four private units, the building provides an opportunity to create long-term or increase property through renovations. All four units are currently , allowing immediate access for rehabilitation planning. The interior has been partially gutted and requires a complete renovation, including roof replacement and repairs to water-damaged flooring on one level. No known major foundation issues. Conveniently located near downtown St. Louis, major highways, and the National Geospatial-Intelligence Agency (NGA) development, an area experiencing ongoing investment and redevelopment. This property offers an opportunity to transform an existing brick bui

$39,995

19 beds10 baths2,790 sq ft

3524-3526 N 14th St, St. Louis, MO 63107

Complete renovation • Roof replacement • Four private units

ABOUT THIS HOME
Multi Family Home for sale in 62040, MO:
Get to work on restoring this gutted duplex. Recently tuck-pointed with new vinyl windows added and over-hanging trees removed, the next owner can focus on renovating the interior.

$40,000

8 beds4 baths2,042 sq ft

1028 Theobald Ave, Saint Louis, MO 63147

New vinyl windows • Tuck-pointed • 5,000 sq ft lot

ABOUT THIS HOME
Multi Family Home for sale in 62040, MO:
2 long term tenants. Units are in great shape, (verified by last contract) Seller has leases and ledgers available with accepted contract. Make money the day you close!

$190,000

4 beds4 baths— sq ft

4317 Obear Ave, Saint Louis, MO 63107

5,013 sq ft lot • Built 1914 • Listed 9 days

ABOUT THIS HOME
Multi Family Home for sale in 62040, MO:
This fully occupied 4 family in the O'Fallon neighborhood of St Louis City currently brings $3600 in gross monthly rent. The building has 3 1 bedroom 1 bath units and 1 2 bedroom 1 bath unit. No showings without an accepted contract will be approved.

$249,900

11 beds4 baths3,852 sq ft

4278 E Sacramento Ave, Saint Louis, MO 63115

5,998 sq ft lot • Built 1927 • Listed 11 days

Property at 2926 Harper St, Saint Louis, MO 63107, 2 beds, 3 baths

$117,900

2 beds3 baths2,662 sq ft

2926 Harper St, Saint Louis, MO 63107

Property at 4201 E San Francisco Ave, Saint Louis, MO 63115, 6 beds, 3 baths

$140,000

6 beds3 baths2,350 sq ft

4201 E San Francisco Ave, Saint Louis, MO 63115

Property at 4582 Clarence Ave, Saint Louis, MO 63115, 5 beds, 2 baths

$249,900

5 beds2 baths2,752 sq ft

4582 Clarence Ave, Saint Louis, MO 63115

Property at 4645 Pope Ave, Saint Louis, MO 63115, 4 baths

$49,900

Studio4 baths3,536 sq ft

4645 Pope Ave, Saint Louis, MO 63115

Property at 3237 Barrett St, Saint Louis, MO 63107, 3 baths

$160,000

Studio3 baths3,024 sq ft

3237 Barrett St, Saint Louis, MO 63107

Property at 3917 W Belle Pl, Saint Louis, MO 63108

$79,900

Studio— baths6,600 sq ft

3917 W Belle Pl, Saint Louis, MO 63108

Property at 2926 James Cool Papa Bell Ave, Saint Louis, MO 63106, 2 baths

$25,000

Studio2 baths1,800 sq ft

2926 James Cool Papa Bell Ave, Saint Louis, MO 63106

Property at 1441 N Market St, Saint Louis, MO 63106, 4 beds, 2 baths

$54,000

4 beds2 baths2,446 sq ft

1441 N Market St, Saint Louis, MO 63106

Property at 2116 E John Ave, Saint Louis, MO 63107, 4 beds, 2 baths

$134,900

4 beds2 baths2,944 sq ft

2116 E John Ave, Saint Louis, MO 63107

Property at 1724 Kennedy Dr, Madison, IL 62060, 4 beds, 4 baths

$260,000

4 beds4 baths2,190 sq ft

1724 Kennedy Dr, Madison, IL 62060

Property at 1906 Rhodes St, Madison, IL 62060, 4 beds, 4 baths

$520,000

4 beds4 baths2,250 sq ft

1906 Rhodes St, Madison, IL 62060

Property at 8404 Halls Ferry Rd, Saint Louis, MO 63147

$1,999,000

Studio— baths15,800 sq ft

8404 Halls Ferry Rd, Saint Louis, MO 63147

Property at 4019 Maffitt Ave, Saint Louis, MO 63113, 4 beds, 2 baths

$260,000

4 beds2 baths1,634 sq ft

4019 Maffitt Ave, Saint Louis, MO 63113

Property at 4410 Clarence Ave, Saint Louis, MO 63115, 6 beds, 2 baths

$95,000

6 beds2 baths2,410 sq ft

4410 Clarence Ave, Saint Louis, MO 63115

Based on information submitted to the MLS GRID as of Sun Nov 01 2026. 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 62040

There are currently 6 multi family homes for sale in 62040 at a median listing price of $65K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 62040 stay on the market for 56 days. This map is refreshed with the newest listings in 62040 every 15 minutes.

In the past month, 42 homes have been sold in 62040. In addition to houses in 62040, there was also 1 condo, 0 townhouses, and 6 multi-family units for sale in 62040 last month. Find your dream home in 62040 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 62040 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 62040. If you're looking to sell your home in the 62040 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 62040 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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