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Victorian Multifamily Property in Millstadt

23 W Laurel Street, Millstadt, IL 62260

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For Sale

$385,000

Victorian, 2-4 Units - Millstadt, IL

Property size:

1,896 SF

Lot size:

0.26 Acres

Price / SF:

$203/SF

HighLights

Strong income‑producing property with $2,413 net monthly income, plus potential garage rental income.
Nearly 8.0% cap rate, exceeding typical area rates.
Prime in‑town location, walk to restaurants and shops.
Four separate apartments featuring updated kitchens and bathrooms.
Separate electric meters for each unit.
Well‑maintained Victorian with new siding (2016) and a relatively new roof (less than 10 years old).

We can help!

Listing Contact

Judy Ross

For Sale

$385,000

Victorian, 2-4 Units - Millstadt, IL

Property size:

1,896 SF

Lot size:

0.26 Acres

Price / SF:

$203/SF

Added:: Apr 26, 2026
Days on Market:: 53
Last Refresh:: Jun 17 at 12:06 pm

Property Features for 23 W Laurel Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Garage, Off Street
Interior features: Ceiling Fan(s), High Ceilings, Historic Millwork
Appliances: Refrigerator
Standard status: Active
APN: 12-09.0-423-017
Size: 1,896 SF
Lot size: 0.26 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 5434

Utilities

Heating system: Radiant
Cooling system: Ceiling Fan(s), Multi Units, Separate Meters, Wall/Window Unit(s), Window Unit(s)

Building Details

Year built: 1902
Floors in Building: 2
Number of units: 4
Flooring type: Hardwood, Vinyl
Building materials: Vinyl Siding
Architectural style: Victorian

We can help!

Listing Contact

Judy Ross

Listing agent Judy Ross License #471.019568

Listing office Southern Illinois Realty, LLC 5420 West Fork Club Road, Smithton, IL

Listing date Apr 26, 2026

MLS# 26011659 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

Strong income‑producing property with $2,413 net monthly income, plus potential garage rental income.
Nearly 8.0% cap rate, exceeding typical area rates.
Prime in‑town location, walk to restaurants and shops.
Four separate apartments featuring updated kitchens and bathrooms.
Separate electric meters for each unit.
Well‑maintained Victorian with new siding (2016) and a relatively new roof (less than 10 years old).

Overview

This Victorian-style home has been converted into four apartments, blending old-world charm with modern updates. Located in Millstadt, it is within walking distance of local restaurants and shops. The property has hardwood or luxury vinyl plank flooring throughout, updated kitchens with new cabinetry, and updated bathrooms. Each unit has a refrigerator and electric range/oven. There are three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Each unit has a separate electric meter. The roof on the main house is less than 10 years old, and the siding was replaced in 2016. The roof on the garage is scheduled to be replaced in 2026. The property offers immediate income with potential through garage rental and future rent adjustments. The gross monthly income is $3,625, with monthly expenses of $1,212, resulting in a net monthly income of $2,413. The two-car garage has additional income potential of approximately $100–$150 per month. The property has nearly an 8.0% cap rate. The property size is 1,896 square feet and the lot size is 0.26 acres.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Millstadt
County: St. Clair
State: Illinois
Longitude: -90.092457
Latitude: 38.459201

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For sale
Quadplexes
IL
Millstadt
62260
23 W Laurel Street

What type of property is this?

Quadplex - Income-producing Victorian with four apartments near Millstadt's shops and restaurants.

Where is this quadplex located?

The property is located at 23 W Laurel Street Millstadt, IL.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Strong income‑producing property with $2,413 net monthly income, plus potential garage rental income.; Nearly 8.0% cap rate, exceeding typical area rates.; Prime in‑town location, walk to restaurants and shops.

23 W Laurel Street, Millstadt, IL 62260

Victorian, 2-4 Units - Millstadt, IL

Property Features for 23 W Laurel Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Pizza Restaurant & Operations

Millstadt Triplex Investment Opportunity

Mixed Use - Millstadt, IL

Multi-Tenant Industrial Investment Opportunity

Office/Retail Space in Millstadt Plaza

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