Movoto Real Estate
Sold on 11/21/2025

1006 E Griggs St, Marion, IL 62959

  • $285,000

    Last sold 11/21/2025 after 114 Days

  • bed

  • bath

Multi-family not for sale
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About 1006 E Griggs St

Property type Multi-family
Neighborhood
Year built 1988
HOA fee $0/month
Property description
Investor alert! Fully occupied 6-plex located at 1006 Griggs in the heart of Investor-ready and income-producing—this fully rented 6-plex at 1006 Griggs in Marion, IL brings in a gross monthly rent of $4,025, offering a strong return from day one. Built with low-maintenance in mind, this all-brick structure includes a tenant carport and minimal exterior upkeep. Operating expenses are manageable with annual insurance at $4,000 and estimated cleaning/maintenance at just $1,500—making this a solid option for both seasoned and first-time investors. Located in a highly desirable pocket of Marion, this property is just minutes from I-57, Route 13, SIH, Pepsi MidAmerica, and area shopping, dining, and medical facilities. Marion’s strong rental market is fueled by its central location, regional employers, and proximity to Southern Illinois University, making vacancy rates consistently low. Whether you're expanding your portfolio or looking for stable, passive income—this 6-unit property checks the boxes. Priced at $339,000, it won’t last long. Request the rent roll and schedule a private showing today!
Listed by
Listing Office - Indigo Realty LLC
Source: RMLS Alliance mls logo
MLS#EB459081 • last updated 5 months ago
Movoto checked RMLS Alliance for data 2 hours ago
Overview
Cooling/AC Central Air
Heating Electric, Electric Water Heater
Levels/Style Other
MLS # EB459081
Status Sold
SubType Residential Income
Property Tax 8457.66
Year Built 1988
Interior
Laundry Units Hook-Ups
Exterior
Foundation Slab
Roof Shingle
Construction Brick
Parking Carport
# of Parking Spaces 6
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Marion
APN 07-18-433-011
Directions Rt 13 East To Fair St. South To Griggs. Left(east) Onto Griggs Property On Left
Multifamily Details
Total # of Units 6
Net Operating Income 27047
Expense: Operating 5967
Expense: Maintenance 1527
Expense: Trash 451
Gross Income 41472
Gross Scheduled Income 41472
Lot/ Land Details
Road Surface Paved
  • Nov 2025
    mls logo MLS # EB459081
  • Nov 21, 2025 Sold
    $285,000 (-15.9%)
  • Oct 10, 2025 Active
  • Jul 30, 2025 Listed
    $339,000
  • 1006 E Griggs St
    $285K
  • Ebor Area
  • 62959
    $229K +1% y/y
  • Marion
    $232K +2% y/y
No chart available
Statistics calculated by Movoto

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5/10
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Source: GreatSchools.org © 2026. All rights reserved.

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