Ranch Duplex Under
For Sale
$720,000
Pending
652 N Kansas Street, Edwardsville, IL 62025
MULTI_FAMILY - Ranch - Edwardsville, IL
Property Size4,004 SF
Lot Size0.37 Acres
Days on Market68
Property Features for 652 N Kansas Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Property condition
Under Construction
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Basement, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Basement
Full, Storage Space, Walk-Out Access, Sump Pump, Interior Entry, Exterior Entry, Partially Finished
Appliances
Stainless Steel Appliance(s), Dishwasher, Disposal, Microwave, Gas Range, Refrigerator
Subdivision
Kraft Add
Lot features
Back Yard
Elementary school
EDWARDSVILLE DIST 7
Middle school
EDWARDSVILLE DIST 7
High school
Edwardsville
Elementary school district
Edwardsville DIST 7
Middle school district
Edwardsville DIST 7
High school district
Edwardsville DIST 7
Standard status
Pending
APN
14-2-15-02-18-303-012
Size
4,004 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Kraft Add lot pt 24 & 25
Tax Annual Amount
289
Legal Description
Kraft Add lot pt 24 & 25
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Wood
Building materials
Blown-In Insulation, Board & Batten Siding, Brick Veneer, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Re/Max Alliance · RE/MAX International
(618) 288-7100
Listed By:
Kevin Huelsmann · License #475123689
(618) 975-6043
Added: Jun 7
Changed: Aug 5
Last Checked: Aug 13 at 1:06AM
MLS# 26001296
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 newly constructed ranch duplex features hardwood flooring through the main living area, with carpet and ceramic tile in select spaces. The main floor includes two bedrooms, two full baths, a dedicated laundry room, and an open main living area. The walk-out lower level adds a third bedroom, a third full bath, a family room, and ample storage.
The home is designed for comfortable year-round living with forced-air natural gas heat and central air. The property includes an attached two-car garage, stainless steel appliances package, and a granite-top kitchen design. Construction materials include brick veneer, board and batten siding, vinyl siding, and blown-in insulation.
Situated on a 0.37-acre lot, the property is under construction with a 2025 year built. Water is provided by public supply, and cable is available.
The home is designed for comfortable year-round living with forced-air natural gas heat and central air. The property includes an attached two-car garage, stainless steel appliances package, and a granite-top kitchen design. Construction materials include brick veneer, board and batten siding, vinyl siding, and blown-in insulation.
Situated on a 0.37-acre lot, the property is under construction with a 2025 year built. Water is provided by public supply, and cable is available.
Key Highlights
- New construction ranch duplex with 2025 year built
- 0.37‑acre lot
- 4,004 SF overall size
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
$29,495
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
4.10%
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%
$589,900
$589.9K
Cap Rate 7%
$421,357
$421.4K
Cap Rate 9%
$327,722
$327.7K
Market Conditions
NOI Build-Up for 4,004 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
$45.6K $11.40/SF
− Vacancy
−$3.5K −$0.88/SF
EGI
$42.1K $10.52/SF
− OpEx
−$12.6K −$3.16/SF
NOI
$29.5K $7.37/SF
Area
Madison County, IL
Vacancy
7.69%
Lease Rate
$11.40 /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%
$589,900
Cap Rate 7%
$421,357
Cap Rate 9%
$327,722
Alternative Uses
Best Use
Multifamily LT 5
$421.4K
$368.7K – $491.6K
NOI $29,495 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$395.5K
$346.1K – $461.4K
NOI $27,686 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.09M
$955.0K – $1.27M
NOI $76,396 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 62025, IL
35,229
Population
14,347
Households
2.5
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
112.2 sq mi
ZIP Area
314
Density / Sq Mi
$103,300
Median Household Income
$54,529
Median Earnings
$1,215
Median Rent
$295,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New construction ranch duplex with hardwood flooring, modern kitchens, and central air, plus a walk-out lower level.
Where is this duplex located?
The property is located at 652 N Kansas Street Edwardsville, IL.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: New construction ranch duplex with 2025 year built; 0.37‑acre lot; 4,004 SF overall size
