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1601 Olive Street, Granite City, IL, 62040

Investment Opportunity in Granite City! This 2-bedroom, 1-bath home is currently leased and provides the opportunity for immediate rental income and a solid addition to an investment portfolio. The home offers a functional layout with ample storage throughout, including a full basement and a spacious walk-up attic with potential for additional storage. Exterior features include a fenced backyard, large deck, and storage shed, providing useful outdoor space for tenants. Conveniently located near local amenities and transportation. Tenant rights apply. Agent-owned.

Subdivision: First Add

List Price

$ 77,500

Status

Canceled

Days on market

0

MLS#

26039754

Bedrooms

2

Full baths

1

Sq. Ft. Above

932

Subdivision

First Add

School District

Granite City DIST 9

County

Madison-IL

Property Type

Residential

Style

Bungalow

Type

Residential

Additional Information

Property Tax (2024)

$1,400

Recent Nearby Sales in 62040

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
135 Central Avenue, Granite City, IL 62040 3/2 834 $129,900 $135,000
103.9% of ask
Sep 28, 2026
14 Mercer Drive, Granite City, IL 62040 3/2 1,107 $169,900 $172,500
101.5% of ask
Sep 28, 2026
2705 Marshall Avenue, Granite City, IL 62040 3/2 10,000 $149,900 $155,000
103.4% of ask
Sep 25, 2026
72 Mimosa Drive, Pontoon Beach, IL 62040 3/3 2,702 $299,900 $325,000
108.4% of ask
Sep 25, 2026
2240 Lynch Avenue, Granite City, IL 62040 3/2 1,330 $205,000 $200,000
97.6% of ask
Sep 25, 2026
2154 State Street, Granite City, IL 62040 3/2 1,550 $134,500 $134,500
100% of ask
Sep 25, 2026

Price & Listing History

Listed for sale
Jun 23, 2026 at $79,900
Price reduced by $2,400 (3%)
From $79,900 to $77,500
Current status: Canceled
As of Sep 30, 2026 · $77,500

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