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16 Unit Multi-Family Investment 1101 S 74th St 16 Unit Apartment Building $599,000 ($37,438/Unit) Belleville, IL 62223
INVESTMENT HIGHLIGHTS
- New roof and decking installed in 2023
- Surrounded by retail, schools, and public transit
- Generates $8,974 in monthly rental income
- Located near IL Route 15 and North Belt West
- Brick construction with 32 on-site parking spaces
EXECUTIVE SUMMARY
16 Unit 1 bed/1 bath Apartment Building each unit 600 SF. New Roof & Decking in 2023.
Located 1/2 mile from North Belt West. Only One mile to IL Rt 15 interchange.
Currently $8,974 in monthly income
Financials Available upon request
Located 1/2 mile from North Belt West. Only One mile to IL Rt 15 interchange.
Currently $8,974 in monthly income
Financials Available upon request
PROPERTY FACTS
| Price | $599,000 | Building Class | C |
| Price Per Unit | $37,438 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 9,620 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 3.33/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B-1 - Multi-Family | ||
| Price | $599,000 |
| Price Per Unit | $37,438 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 9,620 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 3.33/1,000 SF |
| Zoning | B-1 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Trash Pickup - Curbside
- Trash Pickup - Door to Door
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $560.00 | 600 |
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PROPERTY TAXES
| Parcel Number | 07-11.0-404-001 | Improvements Assessment | $120,826 |
| Land Assessment | $13,081 | Total Assessment | $133,907 |
PROPERTY TAXES
Parcel Number
07-11.0-404-001
Land Assessment
$13,081
Improvements Assessment
$120,826
Total Assessment
$133,907
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16 Unit Multi-Family Investment | 1101 S 74th St
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