26-Unit Apartment
10 N 45th Street, Belleville, IL 62226
For Sale
$1,355,000
Residential Income, Belleville, IL
Property Size15,600 SF
Lot Size0.54 Acres
Price / SF$86.86
Days on Market12
Property Features for 10 N 45th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
RE/MAX Alliance · RE/MAX International
(618) 345-2111
Listed By:
Jamie Nishwitz
(314) 313-1578
Added: Oct 30
Changed: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# 26069302
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.
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Investment Insights
Based on property information with market context.
The property consists of two apartment buildings with 26 one-bedroom, one-bathroom units in total: 18 apartments in one building and 8 in the other. Each unit measures 600 square feet and has baseboard heat, a window or wall air-conditioning unit, a freestanding stove and oven, a built-in microwave, and kitchen laundry hookups. Washers and dryers are included in 22 units. The buildings were constructed in 1979 and sit on a 0.54-acre property, which also includes two adjacent vacant lots.
There are 23 occupied units. Residents pay for electricity and internet service, while the owner covers water, sewer, and trash. The property is positioned between N. Belt West and West Main Street, with access to public transportation and local shopping and dining options nearby.
There are 23 occupied units. Residents pay for electricity and internet service, while the owner covers water, sewer, and trash. The property is positioned between N. Belt West and West Main Street, with access to public transportation and local shopping and dining options nearby.
Key Highlights
- 26 one‑bedroom, one‑bathroom apartments across two buildings: 18 units and 8 units
- Each apartment measures 600 square feet
- Two adjacent vacant lots are included in the 0.54‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,892
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,317,840
$2.3M
Cap Rate 7%
$1,655,600
$1.7M
Cap Rate 9%
$1,287,689
$1.3M
Market Conditions
NOI Build-Up for 15,600 SF
Gross rent
$224.6K $14.40/SF
− Vacancy
−$13.9K −$0.89/SF
EGI
$210.7K $13.51/SF
− OpEx
−$94.8K −$6.08/SF
NOI
$115.9K $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 Rate 5%
$2,317,840
Cap Rate 7%
$1,655,600
Cap Rate 9%
$1,287,689
Alternative Uses
Best Use
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $115,892 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,516 @ 7.0% cap · market cap 19.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
26
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
536
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings offer one-bedroom layouts, with laundry hookups in every apartment and washers and dryers in 22 units.
Where is this apartment building located?
The property is located at 10 N 45th Street Belleville, IL.
What is the asking price?
The asking price for this property is $1,355,000.
What are key features of this property?
This property features: 26 one‑bedroom, one‑bathroom apartments across two buildings: 18 units and 8 units; Each apartment measures 600 square feet; Two adjacent vacant lots are included in the 0.54‑acre property
