2305 Edison Ave

Granite City, IL 62040
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3 bd, 2 ba | 1,800 sqft | Built in 1905

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List Price
$74,900

Initial Investment

$20,410

Purchase Price

$74,900

Down Payment

25%

Rent

$1,392

Total Return

$39,751

Annualized Return

31.6%

Cap Rate

12.7%

Gross Yield

22.3%

Cash Flow

$4,503

Appreciation

3.9%
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Features

Lot Size

6,250

HOA

None
Welcome home! This 3 bedroom, 2 bath home has an expansive covered front porch. The space in the living room and dining room is generous. Many of the rooms in this home have original hardwood flooring and trim. Kitchen has ample counter space and nice cabinets with dishwasher, refrigerator and gas range (all remain with the home). Main floor bath has been updated. Second floor has 3, nice sized bedrooms and a bonus room off of one of the bedrooms that could be made into an office/den or a walk-in closet. Full sized bath is on this level. Extra storage space in the attic if needed. Laundry hookups are in the unfinished basement. There is a deck off of the rear entryway. Huge back yard with a chain link fence. Off street parking. Just four blocks from Wilson Park!

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Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Agent License #475163463
Annual Financial Highlights

Expected Rent

$15,869

Expenses

-$5,434

Property Taxes

-$1,860

Loan Payments

-$4,072

Net Cash Flow

$4,503

See more in Financials

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
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Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

Similar Listings



Listing Courtesy of:Ladonna Gilmore
Agent License 475.169660
Century 21 Bailey & Company
Certified Agent Brokerage:Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Brokerage License 477014144
SourceMid America Regional Information Systems (MARIS).
MLS #23004830
Last Updated: 02/03/2023 09:02
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