400 University AVE Open House Save Request In-Person Tour Request Virtual Tour
Belleville,IL 62221
OPEN HOUSE
Sun Dec 14, 2:30pm - 4:30pm
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,292 sqft
Price per Sqft $21
Subdivision Weatherstone 3Rd Add
MLS Listing ID 25078490
Style Other
Year Built 1984
Annual Tax Amount $5,975
Lot Size 0.410 Acres
Property Description
Price listed is Starting Bid Only. Bidding starts closing 12/17/2025 @ 5 p.m. Discover your chance to own a dependable, income-producing asset in the heart of Belleville. This fully leased duplex generates $1,955 in monthly rental income at the current rental rates, offering immediate cash flow and long-term investment potential. Each of the two spacious units features two bedrooms and one bath, complete with its own kitchen, washer and dryer hook-ups, screened-in porch, and an attached two-car garage with extra storage space. Both tenants are on month-to-month lease agreements and cover their own utilities thanks to separate meters, keeping operational costs simple and transparent. Zoned A-1 Single Family within the City of Belleville, the property is currently operating as a duplex, with any alternate use requiring city approval. Conveniently located near public transit, schools, and major Metro East roadways, this property combines accessibility with strong rental appeal. With two fully rented units, this is a smart investment whether you are expanding your portfolio or stepping into multifamily real estate for the first time. Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers. Showings available on open house date only. Any showings after open house are by appointment only.
Location
State IL
County St. Clair
Interior
Heating Electric,Forced Air
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Family Room,Gas,Wood Burning
Laundry Inside
Exterior
Parking Features true
Garage Spaces 2.0
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
Building
Story 1
Water Public
Structure Type Other
Schools
Elementary Schools Belle Valley Dist 119
Middle Schools Belle Valley Dist 119
High Schools Belleville High School-East
School District Belle Valley Dist 119
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Auction,Listing As Is