612 E 3RD Avenue Grand Tower, IL $ 280,000
612 E 3RD Avenue
$ 280,000
Foreclosure
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612 E 3RD Avenue

Grand Tower, IL, 62924
$ 280,000
Baths0.0 Sq 1,250

Monthly Estimate*

$ 1,724

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Studio

Multi-Family Home for sale in Grand Tower, IL

for $280,000. This 1,250 square foot home was built in 1988.

Welcome to Walker Hill, a multi-family investment opportunity located in the scenic countryside of Grand Tower, IL. Set in a peaceful rural setting, the location offers tenants a quiet lifestyle while giving investors the chance to unlock tremendous value. This property consists of four buildings with a total of 12 units, 10 one-bedroom apartments (including one fully handicap accessible) and 2 two-bedroom units. Each unit features one bathroom, a generously sized pantry, and ample storage space, Currently, four units are occupied while the remaining eight require varying levels of renovations. Currently operating as income-based subsidized housing. 24 hr notice required for showing occupied units. The property includes a coin-operated laundry facility, providing an added income stream for owner and convenience for tenants. The property is currently in foreclosure and is being sold strictly as is. Whether you're expanding your portfolio or searching for your next high-potential project, Walker Hill delivers an all-in-one investment.

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Multi-Family Active

Price

$ 280,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1988

Town/City

Grand Tower

County/Region

Jackson

MLS | Web ID

EB457903

Features
General
Cooling Central Air
Construction Materials Aluminum Siding Brick
Year Built 1988
Electric Separate Meters
Gross Income 2250
County Jackson
Net Operating Income 350
Operating Expense 1900
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions Route 149 to Route 3 head South to Power Plant Road. Turn left onto 3rd Avenue. The property is on the left.
City Grand Tower
Number Of Units Total 12
MLS Area Grand Tower
Tax Annual Amount 0
Electric Expense 150
Fuel Expense 110
Trash Expense 20
Water Sewer Expense 120
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 1250
Lot Dimensions Other
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* Excluded Features
List By
Exit Realty New Beginningz

Broker

latiakhayes@gmail.com

Email

Affordability Calculator

$1,724
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,724
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$280,000 Listed Price

Map


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612 E 3RD Avenue, Grand Tower, IL, 62924 is a Multi-Family Home for sale at $280,000 with 1,250 sqft. 612 E 3RD Avenue is a studio with 0.0 baths and was built in 1988. The property's zip code is 62924 which is in Grand Tower, IL