Multi-Family for Sale: 320 W H Street, Belleville, IL 62226

5,760 sqft
$450,000
$450,000
320 W H Street, Belleville, IL 62226
5,760 sqft
$450,000
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Price:
$450,000
$50,000 - 12/15/2024

Type Multi-Family
Square Footage 5,760 sqft
Lot Size 0.31 acres
Year Built 1978
Assoc Fee Paid None
Taxes Paid $11,050

City Belleville
County St Clair-IL
School District Belleville DIST 118
Subdivision n/a

MLS 24073225
Status Active
DOM 16 days
Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This 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: 5.96% Rents: 765, 575, 503 (sec 8 assisted), 675, 630 (sec 8 assisted), 675, 675, 775. Whether purchased individually or as part of a package (see MLS#:24073227), 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 320 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 315*125 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 320 H Street, Belleville, IL

Date Name Price Difference
12/15/2024 Price Adjustment $450,000 10.00%
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.

Map of 320 H Street, Belleville, IL

Location Map Street View
Photo of Dana Pinzke
Dana Pinzke
SALES ADVISOR
Direct: 314-650-2743
Office
185 B West Hwy D
Wentzville, MO 63385
636-398-5770
Listed by Real Broker LLC, Christopher Kelly
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320 H Street (MLS #24073225) is a multi-family listing located in Belleville, IL. This multi-family listing is 5,760 sqft and on a lot of 13,504 sqft (or 0.31 acres) and is 46 years old. This property was listed on 12/02/2024 and has been priced for sale at $450,000.

Nearby zip codes are 62208, 62220, 62221, 62223 and 62258. This property neighbors other cities such as Fairview Heights, Mascoutah, O Fallon, Shiloh and Swansea.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Real Broker LLC

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