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$140,000
Est. payment /mo
1,610 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,610 sqft
Price per Sqft $86
Subdivision Ralphs Add
MLS Listing ID 26044138
Style Other
Year Built 1915
Annual Tax Amount $3,447
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type 2-4 Units
Property Description
Well-maintained and fully occupied three-unit multifamily property offering immediate cash flow with $28,200 in annual gross rental income. The property consists of one 2-bedroom unit rented for $850 per month, one 1-bedroom unit rented for $750 per month, and one studio unit rented for $750 per month.
The 1-bedroom and studio units have been recently updated to meet city code requirements and successfully passed the City of Belleville occupancy inspections in June 2026. Both units are occupied under one-year leases. The 2-bedroom unit is leased to a long-term tenant, providing stable and consistent rental income.
Recent major improvements include three brand-new furnaces installed in June 2026, enhancing the property's efficiency and helping reduce future maintenance concerns. Conveniently located just minutes from downtown Belleville, the property offers easy access to shopping, dining, public transportation, and major roadways.
This turnkey triplex is an excellent opportunity for investors seeking a fully leased property with reliable income, recent mechanical updates, and a stable tenant base.
The 1-bedroom and studio units have been recently updated to meet city code requirements and successfully passed the City of Belleville occupancy inspections in June 2026. Both units are occupied under one-year leases. The 2-bedroom unit is leased to a long-term tenant, providing stable and consistent rental income.
Recent major improvements include three brand-new furnaces installed in June 2026, enhancing the property's efficiency and helping reduce future maintenance concerns. Conveniently located just minutes from downtown Belleville, the property offers easy access to shopping, dining, public transportation, and major roadways.
This turnkey triplex is an excellent opportunity for investors seeking a fully leased property with reliable income, recent mechanical updates, and a stable tenant base.
Location
State IL
County St. Clair
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace N
Exterior
Parking Features false
View Y/N No
Building
Water Public
Structure Type Brick
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 Listing As Is
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Listed by Viktoriia Kovel • Keller Williams Pinnacle
NEARBY SCHOOLS & PROPERTIES
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