Multi-Family for Sale: 1450 -1460 Morgan Street, Swansea, IL 62226

7,800 sqft
$1,650,000
$1,650,000
1450 -1460 Morgan Street, Swansea, IL 62226
7,800 sqft
$1,650,000
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Price:
$1,650,000
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Type Multi-Family
Square Footage 7,800 sqft
Lot Size 1.07 acres
Year Built 1972
Taxes Paid $25,093
City Swansea
County St Clair-IL
School District High Mount DIST 116
Subdivision n/a
MLS 24071786
Status Active
DOM 3 days
Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan has storage lockers for tenants. 10 x 12 storage shed on site for property manager use. Owner has meticulously maintained the property with routine maintenance as needed over the years. City of Swansea Occupancy inspections have been completed with each vacancy. Don't miss your chance to own a significant income asset with excellent potential. Properties to be sold together and not separately.

Lot & Building Features

Construction Brick Veneer, Concrete
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Guest Parking, Space/Unit - 1, Parking Lot
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 1.07 ft

Community and Schools

Elementary School HIGH MOUNT DIST 116
Junior High School HIGH MOUNT DIST 116
Senior High School Belleville High School-West

Price History of 1450 -1460 Morgan Street, Swansea, IL

Date Name Price Difference
11/21/2024 Listing Price $1,650,000 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 Re/Max Alliance, Betsy Butler & Karen Marcus
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1450 -1460 Morgan Street (MLS #24071786) is a multi-family listing located in Swansea, IL. This multi-family listing is 7,800 sqft and on a lot of 46,609 sqft (or 1.07 acres) and is 52 years old. This property was listed on 11/21/2024 and has been priced for sale at $1,650,000.

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

Maris

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Listing information courtesy of: Re/Max Alliance

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