Triplex with Covered
For Sale
$189,900
222 S Jackson Street, Belleville, IL 62220
Residential Income, Belleville, IL
Property Size1,979 SF
Lot Size0.17 Acres
Price / SF$95.96
Days on Market37
Property Features for 222 S Jackson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Basement
Parking features
On Street
Patio and Porch features
Deck, Porch
Basement
Unfinished
Subdivision
Abends 1st Add
Elementary school
BELLEVILLE DIST 118
Middle school
BELLEVILLE DIST 118
High school
Belleville High School-West
Elementary school district
Belleville DIST 118
Middle school district
Belleville DIST 118
High school district
Belleville DIST 118
Directions
S. Illinois St to E. Lincoln St to S. Jackson St.
Standard status
Active
APN
08-27.0-111-010
Size
1,979 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ABENDS 1ST ADD TO BELLEVILLE LOT/SEC-8 A02745882
Tax Annual Amount
6062
Legal Description
ABENDS 1ST ADD TO BELLEVILLE LOT/SEC-8 A02745882
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1951
Number of units
3
Building materials
Brick Veneer, Stone Veneer
Architectural style
Other
Listing Agency:
Re/Max Signature Properties · RE/MAX International
(618) 726-2123
Listed By:
Lacey Dore · License #475128953
(518) 604-4791
Added: Aug 12
Changed: Sep 14
Last Checked: Sep 17 at 3:06PM
MLS# 26048294
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.
Investment Insights
Based on property information with market context.
This 3-unit residential property combines an original duplex with a detached ranch-style residence. The duplex includes two units, each with 2 bedrooms, 1 full bath, living and dining areas, and a kitchen. Both units have access to a shared unfinished basement, while one also includes a bonus room adjoining the living area. Covered front porch space and rear decks serve the duplex.
The third residence is a 2-bedroom, 1-bath ranch home positioned at the rear of the property. Its full basement includes a 2-car garage and storage area. The property contains 1,979 square feet on 0.17 acres and was built in 1951. Brick veneer and stone veneer construction, natural gas forced-air heat, central air, public water, and on-street parking are among the existing features.
The third residence is a 2-bedroom, 1-bath ranch home positioned at the rear of the property. Its full basement includes a 2-car garage and storage area. The property contains 1,979 square feet on 0.17 acres and was built in 1951. Brick veneer and stone veneer construction, natural gas forced-air heat, central air, public water, and on-street parking are among the existing features.
Key Highlights
- 3‑unit property with two duplex residences plus a separate ranch‑style home
- Property size: 1,979 Square Feet on 0.17 acres
- Duplex units each include 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,400
$326.4K
Cap Rate 7%
$233,143
$233.1K
Cap Rate 9%
$181,333
$181.3K
Market Conditions
NOI Build-Up for 1,979 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.9K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.3K $11.78/SF
− OpEx
−$7.0K −$3.53/SF
NOI
$16.3K $8.25/SF
Area
St. Clair County, IL
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,400
Cap Rate 7%
$233,143
Cap Rate 9%
$181,333
Alternative Uses
Best Use
Multifamily LT 5
$233.1K
$204.0K – $272.0K
NOI $16,320 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$210.0K
$183.8K – $245.0K
NOI $14,702 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$468.5K
$409.9K – $546.6K
NOI $32,795 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
Explore this area
Business Placement
Demographics for 62220, IL
19,474
Population
8,784
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
28.9 sq mi
ZIP Area
674
Density / Sq Mi
$65,261
Median Household Income
$37,105
Median Earnings
$976
Median Rent
$141,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with a duplex and separate ranch-style residence, each offering two bedrooms and one full bath.
Where is this triplex located?
The property is located at 222 S Jackson Street Belleville, IL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 3‑unit property with two duplex residences plus a separate ranch‑style home; Property size: 1,979 Square Feet on 0.17 acres; Duplex units each include 2 bedrooms and 1 full bath
