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    3503 Falling Springs Rd East Saint Louis, IL 62206

    New
    For Sale
    $528,000

    Residential Income, Traditional - Cahokia, IL

    Lot size:
    0.70 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 3503 Falling Springs Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    01-35.0-203-017
    Lot size
    0.70 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Building materials
    Brick
    Architectural style
    New Traditional

    Kunkel Wittenauer Group (618) 632-8200 [email protected]

    Listing agent Brendan Barone (618) 632-8200 License #475.166300

    Listing date Dec 3, 2025

    MLS# 25041411 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

    Cahokia Multifamily Investment Opportunity

    This multifamily investment opportunity is located in Cahokia Heights and includes two fully occupied apartment buildings situated on one parcel. The property offers a total of 11 units. The front building contains 4 units, including a studio and a 1-bedroom apartment. The rear building features 7 units, all configured with 2 bedrooms and 1 bathroom. Each unit was renovated in 2022 and includes air conditioning, ceiling fans, and eat-in kitchens. All 2025 leases are set at $975 per month, supporting a projected gross rental income of $109,008 and an 8.32% CAP rate. The property is situated in a quiet residential area and includes 14 off-street parking spaces. Professional management is already in place. The lot size is 0.7 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East Saint Louis
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.172142
    Latitude
    38.582285

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      Cahokia Multifamily Property for Sale

      Multifamily property in Cahokia, Illinois, totaling 1,440 square feet.
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    FAQs

    What type of property is this?
    Apartment building - Eleven-unit multifamily property in Cahokia Heights with immediate cash flow.
    Where is this apartment building located?
    The property is located at 3503 Falling Springs Rd East Saint Louis, IL.
    What is the asking price?
    The asking price for this property is $528,000.
    What are key features of this property?
    This property features: - High CAP Rate: Attractive 8.32% CAP rate for strong ROI.; - Immediate Cash Flow: Fully occupied with 2025 leases at $975/month, projecting $109,008 gross rental income.; - Renovated Units: Modern conveniences include air conditioning, ceiling fans, and eat-in kitchens.
    (618) 632-8200
    Request Owner's contact information
    3503 Falling Springs Rd East Saint Louis, IL 62206
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    East Saint Louis, IL 62206
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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
    3503 Falling Springs Rd East Saint Louis, IL 62206
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