Brick Duplex with Detached
New
For Sale
$243,000
609 E C Street, Belleville, IL 62220
Residential Income, Belleville, IL
Property Size1,410 SF
Lot Size0.16 Acres
Price / SF$172.34
Days on Market6
Property Features for 609 E C Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Basement, Bedroom 5, Bathroom 1, Bedroom 1, Dining Room, Bathroom 2
Parking features
Off Street, Alley, Garage
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), High Ceilings, Separate Dining
Exterior features
Private Yard
Basement
Unfinished, Interior Entry, Concrete
Appliances
Dishwasher, Disposal, Exhaust Fan, Electric Range, Refrigerator, Water Heater
Subdivision
Rentchler & Greens Add
Lot features
Back Yard, Front Yard
Elementary school
BELLEVILLE DIST 118
Middle school
BELLEVILLE DIST 118
High school
Belleville High School-East
Elementary school district
Belleville DIST 118
Middle school district
Belleville DIST 118
High school district
Belleville DIST 118
Directions
From IL-159/N Illinois St, turn east onto E Main St. Turn right onto S Jackson St, then left onto E C St. Property will be on your left at 609 E C St, Belleville, IL 62220.
Standard status
Active
APN
08-22.0-318-012
Size
1,410 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4847
Utilities
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Amenities
laundry hookups
Building Details
Year built
1877
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood
Building materials
Brick, Concrete
Architectural style
Other
Listing Agency:
Keller Williams Marquee · Keller Williams Realty
Listed By:
Demetria Williams
(618) 307-5616
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 14 at 1:06AM
MLS# 26058079
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 brick duplex contains two 3-bedroom, 1-bath residences within a 1,410-square-foot property built in 1877. Both units offer spacious rooms, hardwood flooring, built-in shelving, natural light, separate dining areas, and private basement space with laundry hookups. Recent improvements include fresh interior paint and updated kitchen countertops. Appliances include electric ranges, refrigerators, dishwashers, disposals, exhaust fans, and water heaters. Heating is electric, with window-unit cooling.
The property occupies 0.16 acres and includes a detached 2-car garage, additional concrete parking, a porch, and alley access. One residence is tenant occupied, while the other is scheduled for occupancy. The building is located at 609 E C Street in Belleville, Illinois, within ZIP code 62220.
The property occupies 0.16 acres and includes a detached 2-car garage, additional concrete parking, a porch, and alley access. One residence is tenant occupied, while the other is scheduled for occupancy. The building is located at 609 E C Street in Belleville, Illinois, within ZIP code 62220.
Key Highlights
- Two 3‑bedroom, 1‑bath units
- 1,410 square feet on a 0.16‑acre lot
- Detached 2‑car garage with additional concrete parking
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
$11,628
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
4.79%
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%
$232,560
$232.6K
Cap Rate 7%
$166,114
$166.1K
Cap Rate 9%
$129,200
$129.2K
Market Conditions
NOI Build-Up for 1,410 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
$17.8K $12.60/SF
− Vacancy
−$1.2K −$0.82/SF
EGI
$16.6K $11.78/SF
− OpEx
−$5.0K −$3.53/SF
NOI
$11.6K $8.25/SF
Area
St. Clair County, IL
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$232,560
Cap Rate 7%
$166,114
Cap Rate 9%
$129,200
Alternative Uses
Best Use
Multifamily LT 5
$166.1K
$145.4K – $193.8K
NOI $11,628 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$149.6K
$130.9K – $174.6K
NOI $10,475 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$333.8K
$292.1K – $389.4K
NOI $23,366 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 62220, IL
19,474
Population
8,784
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
28.9 sq mi
ZIP Area
674
Density / Sq Mi
$65,261
Median Household Income
$37,105
Median Earnings
$976
Median Rent
$141,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature private basements, laundry hookups, updated countertops, and rear parking with alley access.
Where is this duplex located?
The property is located at 609 E C Street Belleville, IL.
What is the asking price?
The asking price for this property is $243,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units; 1,410 square feet on a 0.16‑acre lot; Detached 2‑car garage with additional concrete parking
