Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    East St. Louis Multifamily Development Land Title is generated by Realmo AI

    1926 N 60th Street, East St Louis, IL 62204

    View on Map
    Claim this Listing
    New
    For Sale
    $32,000

    Land - East St Louis, IL

    Lot size:
    0.73 Acres
    Added:
    May 20, 2026
    Days on Market:
    3
    Last Refresh:
    May 22 at 1:06 am

    Property Features for 1926 N 60th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    02-10.0-306-020
    Lot size
    0.73 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Aisha Moody

    Listing agent Aisha Moody License #475196281

    Listing office eXp Realty 10 N. Martingale Rd, Schaumburg, IL

    Listing date May 20, 2026

    MLS# 26007609 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 0.73‑acre site comprised of five contiguous lots, ideal for multifamily development.
    • Strategic location with convenient access to Interstate 64 and Interstate 70, providing seamless connectivity to downtown St. Louis and employment centers.
    • Potential for seller financing may be available for six months.
    • Flexibility to develop duplexes, townhomes, or a higher‑density rental complex.
    • Located within walking distance to James Avant Elementary School and near an established police presence.
    • Sizable buildable footprint in a market experiencing continued redevelopment activity.

    Overview

    This 0.73-acre property, comprising five contiguous residential lots, presents a multifamily development opportunity in East St. Louis. The combined lots offer a layout suitable for multifamily projects, including duplexes, townhomes, or a rental complex. The location provides convenient access to Interstate 64 and Interstate 70, offering connectivity to downtown St. Louis and surrounding employment centers. This accessibility is expected to drive consistent rental demand, enhancing tenant appeal for commuters. The property is located within walking distance of James Avant Elementary School and near an established police presence, benefiting from existing community infrastructure that supports residential growth and long-term neighborhood stability. This site offers flexibility, scalability, and upside potential in a market experiencing continued redevelopment activity. It allows for site planning, parking configuration, and unit count potential. Six month seller financing may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East St Louis
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.085834
    Latitude
    38.635801

    Nearby Similar for Sale

    • $115,000
      1,521 SF

      Corner Lot Business Opportunity

      0.65 acre corner lot suitable for starting a business.
      3801 Saint Clair Avenue, East St Louis, IL 62205
      View Details
    • $79,900
      7,784 SF

      East St. Louis Mixed-Use Opportunity

      Versatile property in East St. Louis ready for redevelopment.
      2402 Tudor Avenue, East St Louis, IL 62207
      View Details
    • $15,000
      2,520 SF

      Duplex with Vacant Lot

      Two-unit income property with bonus land in East St. Louis.
      3312 Market Avenue, East St Louis, IL 62207
      View Details
    • $300,000

      Multi-Unit Investment Opportunity in Illinois

      Two buildings with 17 units, ideal for investors.
      6500 Saint Clair Avenue, East St Louis, IL 62203
      View Details
    • $115,000
      3,840 SF

      East St Louis Retail/Office

      Commercial investment property suitable for retail or office use.
      2204 State Street, East St Louis, IL 62205
      View Details
    • $300,000

      Established Bar with Additional Home

      Operating bar with seating, outdoor area, parking, and included home.
      3800 Saint Clair Avenue, East St Louis, IL 62205
      View Details
    • $70,000
      1,690 SF

      Two Homes on One Parcel

      Investor special: two homes on one parcel in East St. Louis.
      443 Chaudet Avenue, East St Louis, IL 62206
      View Details
    • $250,000

      Lounge and Bar with Potential

      Commercial space with lounge, bar, and expansion possibilities.
      1513 State Street, East St Louis, IL 62205
      View Details
    • $13,500
      1,760 SF

      East St Louis Duplex Auction

      Two-unit duplex with basement and garage, sold as-is.
      1628 Gaty Avenue, East St Louis, IL 62205
      View Details
    • $39,900
      3,000 SF

      East St. Louis Redevelopment Opportunity

      1.13-acre lot near downtown St. Louis with redevelopment potential.
      233 N 9th Street, East St Louis, IL 62201
      View Details
    • $185,000

      Versatile Commercial Property in East

      Adaptable building suitable for various business ventures.
      4815 Bunkum Road, East St Louis, IL 62204
      View Details
    • $6,000

      Residential Lot in Washington Park

      Corner lot ready for new home construction in East St. Louis.
      5701 N Park Drive, East St Louis, IL 62204
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.73 acre residential land ideal for multifamily development.
    Where is this residential land & home lot located?
    The property is located at 1926 N 60th Street East St Louis, IL.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: Large 0.73‑acre site comprised of five contiguous lots, ideal for multifamily development.; Strategic location with convenient access to Interstate 64 and Interstate 70, providing seamless connectivity to downtown St. Louis and employment centers.; Potential for seller financing may be available for six months.
    (618) 447-5170
    We can help!
    Listing Contact
    Aisha Moody
    Real Estate License ID: 475196281
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1926 N 60th Street, East St Louis, IL 62204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!