Improved Cul-de-Sac Home
For Sale
$300,000
4205 Cassatt Court, Swansea, IL 62226
Land, Swansea, IL
Property Size2,000 SF
Lot Size0.82 Acres
Price / SF$150
Days on Market40
Property Features for 4205 Cassatt Court
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Exterior features
Lighting, Outdoor Kitchen, Private Entrance, Private Yard
Subdivision
Chateaux/Woodfield Ph 04
Lot features
Back Yard, Cul-De-Sac
Elementary school
WOLF BRANCH DIST 113
Middle school
WOLF BRANCH DIST 113
High school
Belleville High School-East
Elementary school district
Wolf Branch DIST 113
Middle school district
Wolf Branch DIST 113
High school district
Wolf Branch DIST 113
Standard status
Active
APN
08-03.0-404-024
Lot size
0.82 Acres
Taxes and HOA fees
HOA Fee
$660 Annually
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Additional Structures
Cabana, Outdoor Kitchen
Listing Agency:
Keller Williams Marquee · Keller Williams Realty
(618) 307-5616
Listed By:
Julie Mayfield · License #475119652
(618) 307-5616
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 30 at 6:06AM
MLS# 26035971
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 improved cul-de-sac homesite (Lot 70) is offered in the Chateaux at Woodfield subdivision. The property includes a full brick guest house with nearly 2,000 square feet of living space, featuring four bedrooms, three full baths, and a full kitchen with granite countertops. Additional built-in improvements include an indoor/outdoor Nuvo audio system, a professionally installed security system, a custom saltwater pool with waterfall, a fully equipped outdoor kitchen, a pergola-covered entertaining area, professionally installed landscaping, and wrought iron fencing.
Located at 4205 Cassatt Court in Swansea, Illinois, the site is positioned for flexibility, with the option to purchase Lot 70 separately or together with the adjacent luxury residence (Lot 71). Zoning is residential.
For buyers looking for an established base on which to build, this property provides both usable living space through the guest house and substantial exterior amenities designed for entertaining.
Located at 4205 Cassatt Court in Swansea, Illinois, the site is positioned for flexibility, with the option to purchase Lot 70 separately or together with the adjacent luxury residence (Lot 71). Zoning is residential.
For buyers looking for an established base on which to build, this property provides both usable living space through the guest house and substantial exterior amenities designed for entertaining.
Key Highlights
- Premium cul‑de‑sac homesite (Lot 70) in the Chateaux at Woodfield subdivision
- Full brick guest house with nearly 2,000 SF of living space, 4 bedrooms and 3 full baths
- Guest house includes a full kitchen with granite countertops
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
$14,858
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
4.95%
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%
$297,160
$297.2K
Cap Rate 7%
$212,257
$212.3K
Cap Rate 9%
$165,089
$165.1K
Market Conditions
NOI Build-Up for 2,000 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
$28.8K $14.40/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$27.0K $13.51/SF
− OpEx
−$12.2K −$6.08/SF
NOI
$14.9K $7.43/SF
Area
St. Clair County, IL
Vacancy
6.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
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%
$297,160
Cap Rate 7%
$212,257
Cap Rate 9%
$165,089
Alternative Uses
Best Use
Apartment 5plus
$212.3K
$185.7K – $247.6K
NOI $14,858 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.5K
$414.3K – $552.4K
NOI $33,143 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 62226, IL
29,156
Population
13,285
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,098
Density / Sq Mi
$66,018
Median Household Income
$43,284
Median Earnings
$946
Median Rent
$162,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Improved cul-de-sac homesite with a full brick guest house, pool, and outdoor entertaining area.
Where is this residential land & home lot located?
The property is located at 4205 Cassatt Court Swansea, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Premium cul‑de‑sac homesite (Lot 70) in the Chateaux at Woodfield subdivision; Full brick guest house with nearly 2,000 SF of living space, 4 bedrooms and 3 full baths; Guest house includes a full kitchen with granite countertops
