Saint Libory, IL Apartment buildings for sale

Updated: Jun 1

Multifamily Apartment Building

7346 State Rte. 15, Saint Libory, IL 62282

$540,000

0.68 AC lot

8‑apartment multifamily in St. Liberty, IL: 100% occupied with all tenants on month‑to‑month leases for flexible rent changes.
Current gross rental income totals approx. $68,700 annually, producing an estimated 8.36% cap rate at a $540,000 asking price.
Value‑add upside: projected gross income approx. $78,900 (rents closer to market), estimated 10.17% cap rate without adding units or expansion.
Unit mix and size: seven ~800 SF units plus one ~500 SF one‑bedroom apartment.
Estimated annual operating expenses approx. $23,500 (includes property taxes, insurance, maintenance, owner‑paid utilities, trash, landscaping, vacancy reserve).

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Updated: Jun 1

8-Unit Apartment Building

7346 State Rte. 15, Saint Libory, IL 62282

$540,000

Fully occupied 8‑apartment multifamily building in St. Liborty, IL with 100% occupancy and all tenants on month‑to‑month leases.
Current gross rental income totals approximately $68,700 annually, with an estimated 8.36% cap rate at the $540,000 asking price.
Projected gross income increases to approximately $78,900, supporting an estimated 10.17% cap rate based on bringing rents closer to market levels.
Unit mix includes one- and two‑bedroom apartments: seven units with ~800 SF and one 1‑bedroom unit with ~500 SF.
Recent capital improvement: new roof installed in 2024.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Saint Libory, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Belleville Investment Property For Sale

1926 W Main St, Belleville, IL

$444,000

5,340 sqft 0.27 AC lot

Turn-key investment property in downtown Belleville with income potential.

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17-Unit Condo Income Portfolio

O Fallon, IL 62269

$1,520,000

Fully leased 17-unit condominium portfolio with one- and two-bedroom layouts, fireplaces, and community pool and clubhouse access.

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Stabilized Condo Portfolio in O’Fallon

O Fallon, IL 62269

$1,520,000

17-unit portfolio in O’Fallon, Illinois, with $233K gross income.

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Belleville Redevelopment Opportunity

29 N 64th St, Belleville, IL 62223

$75,000

40,896 sqft

Versatile property in Belleville, IL, ideal for redevelopment.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000

0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Saint Libory, IL Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Saint Libory, IL on our real estate platform.

Sale prices for two-family homes in Saint Libory, IL average $540,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Saint Libory, IL Apartment Buildings for Sale

7346 State Rte. 15, Saint Libory, IL 62282

7346 State Rte. 15, Saint Libory, IL 62282