Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3342 Illinois Ave St Louis, MO 63118

    View on Map
    Sponsored
    For Sale
    $295,000

    Residential Income, Historic - St Louis, MO

    Property size:
    2,306 SF
    Lot size:
    0.07 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 16 at 1:06 am

    Property Features for 3342 Illinois Ave St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    1528-00-0020-0
    Exterior features
    Fencing
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Washer
    Size
    2,306 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Linger

    RE/MAX Results (314) 781-7777

    Listing agent Jeff Linger (314) 966-0300 License #2016009289

    Listing date Mar 11, 2026

    MLS# 26011626 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.

    Learn more

    Property Insight Report

    Overview

    Benton Park Duplex Opportunity

    Located in Benton Park, just off Cherokee, this residential income property presents an opportunity for either owner-occupancy or full rental. The building features spacious units with large bedrooms, eat-in kitchens, and exposed brick. The upstairs one-bedroom unit includes a laundry room that can also serve as a home office. The downstairs three-bedroom unit is currently occupied with rents of $1380 per month through April 2027, with each bedroom having its own exterior coded lock access. Both units include a washer and dryer. The property's systems have been updated, with the first-floor AC unit from 2012, furnace from 2020, and hot water heater from 2022. The second-floor AC and furnace were both updated in 2025, and the hot water heater in 2022. The property is situated on a lot of approximately 0.0734 acres and has a total size of 2306 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.221612
    Latitude
    38.593394

    Nearby Similar for Sale

    • $695,000
      0.22 Acres

      Turnkey Multi-Family Plus Commercial Space

      Renovated 9-family building with commercial space in South City.
      3659 S Broadway St, Louis, MO 63118
      View Details
    • New
      $699,000
      Pending

      Downtown St. Louis Venue For Sale

      Prominent downtown St. Louis Blues & Jazz venue now available!
      700 S Broadway St, Louis, MO 63102
      View Details
    • $199,900
      3,240 SF

      Retail Opportunity in St Louis

      Retail property with redevelopment potential in a busy location.
      8304 N Broadway St, Louis, MO 63147
      View Details
    • New
      $335,000
      2,856 SF

      St Louis Quadplex Investment Property

      Well-maintained, fully occupied 4-unit quadplex in desirable North Hampton.
      5026 Chippewa St, Louis, MO 63109
      View Details
    • New
      $335,000
      2,856 SF

      St. Louis Quadplex Investment Opportunity

      Well-maintained, fully occupied quadplex in desirable North Hampton neighborhood.
      5006 Chippewa St, Louis, MO 63109
      View Details
    • $750,000
      12,528 SF

      Downtown St. Louis Commercial Condo

      7,078 SF commercial condo in the heart of downtown.
      920 Olive St St, Louis, MO 63101
      View Details
    • $250,000
      11,972 SF

      Turnkey St. Louis Mixed-Use Building

      Leased mixed-use building with value-add opportunities in St. Louis.
      8035 N Broadway St, Louis, MO 63147
      View Details
    • $250,000
      11,972 SF

      Mixed-Use Building in St. Louis

      Turnkey, 100% leased mixed-use building with value-add opportunities.
      8035 N Broadway St, Louis, MO 63147
      View Details
    • $525,000
      3,338 SF

      Renovated Office Building in St. Louis

      Turnkey 3,338 SF creative office in Tower Grove South.
      3353 Roger Pl St, Louis, MO 63116
      View Details
    • $425,000
      5,282 SF

      Downtown St. Louis Redevelopment Opportunity

      Historic two-story building in downtown St. Louis for sale.
      1011 Olive St St, Louis, MO 63101
      View Details
    • $399,000
      4,900 SF

      Dellwood Commercial Building with Retail

      Commercial building in Dellwood with retail and office spaces.
      1434 Chambers Rd St, Louis, MO 63135
      View Details
    • $800,000
      10,691 SF

      Downtown St. Louis Live-Work Treasure

      Unique 5-story mid-rise perfect for live-work in downtown St. Louis.
      1112 Olive St St, Louis, MO 63101
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious duplex in Benton Park, St. Louis, great investment opportunity.
    Where is this duplex located?
    The property is located at 3342 Illinois Ave St Louis, MO.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Potential for owner-occupied duplex or fully rented building in Benton Park.; - Downstairs unit is currently rented at $1380/month through April 2027.; - Spacious units with large bedrooms, eat-in kitchens, and exposed brick.
    (314) 792-4626
    Request Owner's contact information
    3342 Illinois Ave St Louis, MO 63118
    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.
    3342 Illinois Ave St
    Louis, MO 63118
    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
    3342 Illinois Ave St Louis, MO 63118
    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

    We can help!
    Listing Contact
    Jeff Linger
    Real Estate License ID: 2016009289
    (314) 792-4626 (314) 966-0300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!