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    326 Portland Ave Belleville, IL 62220

    For Sale
    $149,900

    Residential Income - Belleville, IL

    Property size:
    3,300 SF
    Lot size:
    0.09 Acres
    Days on Market:
    58
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 326 Portland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    08-27.0-209-016
    Parking
    1
    Parking features
    Garage, Garage - Attached
    Appliances
    Range, Refrigerator
    Size
    3,300 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1902
    Number of units
    5
    Building materials
    Metal Siding
    Architectural style
    Other

    johnston realty inc (618) 779-4124 [email protected]

    Listing agent Gary Johnston (618) 233-8802 License #471004014

    Listing date Oct 9, 2025

    MLS# 25063576 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Belleville Residential Income Property

    This residential income property in Belleville, Illinois, comprises three parcels: 08-27.0-209-015, 016, and 017. The main building features one four-bedroom unit on the main level, along with two two-bedroom units upstairs, and an additional one-bedroom unit. A detached building houses a one-bedroom unit with a garage that is separate from the rental unit. The four-bedroom unit rents for $750, while the two-bedroom units rent for $600 and $575 respectively. The one-bedroom unit is currently vacant but will pass the occupancy inspection. The rear building rents for $767. The owner is responsible for water, sewer, and trash expenses, except for the rear unit where the renter pays for water and sewer. All units have separate electrical meters, and water meters can be billed to the renter if needed. The property is being sold in As Is condition, and the seller will not make any repairs. The property size is 3300 square feet and the lot size is 0.09 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.968701
    Latitude
    38.510261

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    FAQs

    What type of property is this?
    Apartment building - Residential income property featuring multiple units in Belleville, Illinois.
    Where is this apartment building located?
    The property is located at 326 Portland Ave Belleville, IL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Includes 4 rental units across multiple buildings, offering immediate income potential.; - Separate electrical meters for each unit allow for easy tenant billing.; - Main building features a LARGE 4-bedroom unit.
    (618) 233-8802
    Request Owner's contact information
    326 Portland Ave Belleville, IL 62220
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    Belleville, IL 62220
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    Realmo Value Estimation

    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.

    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.

    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
    326 Portland Ave Belleville, IL 62220
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