Multi-Family for Sale: 326 W H Street, Belleville, IL 62226

5,760 sqft
$500,000
$500,000
326 W H Street, Belleville, IL 62226
5,760 sqft
$500,000
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Price:
$500,000
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Type Multi-Family
Square Footage 5,760 sqft
Lot Size 0.15 acres
Year Built 1976
Assoc Fee Paid None
Taxes Paid $8,856
City Belleville
County St Clair-IL
School District Belleville DIST 118
Subdivision n/a
MLS 24073227
Status Active
DOM 9 days
Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This well-maintained property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors an exceptional opportunity to increase cash flow and build equity quickly. Owner covers W/S/T Cap rate: 6.46% Rents: 775, 675, 650, 775, 650, 648 (sec 8 assisted), 650, 775. Whether purchased individually or as part of a package (see MLS#24073225), this property is poised for growth. Don’t miss out on this incredible chance to expand your portfolio! Seller is willing to take 20% 2nd mortgage at 7% amortize for 15yrs, first payment due at 30 days after closing, balloon at 3yrs

Virtual Tours for 326 H Street Belleville, IL

Lot & Building Features

Assoc Fee Paid None
Construction Brick Veneer, Vinyl Siding
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Parking Lot, Space/Unit - 2+
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 135*60 ft

Community and Schools

Elementary School BELLEVILLE DIST 118
Junior High School BELLEVILLE DIST 118
Senior High School Belleville High School-East

Price History of 326 H Street, Belleville, IL

Date Name Price Difference
12/02/2024 Listing Price $500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Listed by Real Broker LLC, Christopher Kelly
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326 H Street (MLS #24073227) is a multi-family listing located in Belleville, IL. This multi-family listing is 5,760 sqft and on a lot of 6,534 sqft (or 0.15 acres) and is 48 years old. This property was listed on 12/02/2024 and has been priced for sale at $500,000.

Nearby zip codes are 62208, 62220, 62221, 62223 and 62269. This property neighbors other cities such as Belleview, Fairview Heights, O Fallon, Shiloh and Swansea.

Maris

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Listing information courtesy of: Real Broker LLC

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