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Mixed-Use or Multi-Generation Opportunity 261 Lebanon Ave 2 Unit Apartment Building $215,000 ($107,500/Unit) Belleville, IL 62220
Executive Summary
Either a 2.5 Story 3 BD 2 BA Single Story Home or a 2-Flat.
Victorian home built in 1900. Current owner has owned since the early 1990s and has kept the property in very good condition. Parts of the property have recently installed hard wood flooring. There is not a garage and all parking is in the rear of the building. There is a large unfinished basement.
To take an interactive tour of the property, click this link: https://unbranded.visithome.ai/cCcZAYMpiiHtSrV5jochm6?mu=ft
Victorian home built in 1900. Current owner has owned since the early 1990s and has kept the property in very good condition. Parts of the property have recently installed hard wood flooring. There is not a garage and all parking is in the rear of the building. There is a large unfinished basement.
To take an interactive tour of the property, click this link: https://unbranded.visithome.ai/cCcZAYMpiiHtSrV5jochm6?mu=ft
Property Facts
| Price | $215,000 | Lot Size | 0.16 AC |
| Price Per Unit | $107,500 | Building Size | 2,100 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Building Class | C | ||
| Zoning | Residential - Could very likely get a variance to use the ground floor for business. There are other commercial properties nearby. | ||
| Price | $215,000 |
| Price Per Unit | $107,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,100 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2022 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | Residential - Could very likely get a variance to use the ground floor for business. There are other commercial properties nearby. |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-22.0-102-055 | Improvements Assessment | $38,163 |
| Land Assessment | $4,280 | Total Assessment | $42,443 |
Property Taxes
Parcel Number
08-22.0-102-055
Land Assessment
$4,280
Improvements Assessment
$38,163
Total Assessment
$42,443
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Mixed-Use or Multi-Generation Opportunity | 261 Lebanon Ave
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