26-Unit Apartment
New
For Sale
$1,355,000
10 N 45th Street, Belleville, IL 62226
Residential Income, Belleville, IL
Property Size15,600 SF
Lot Size0.54 Acres
Price / SF$86.86
Days on Market2
Property Features for 10 N 45th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Parking features
Alley, Parking Lot
Exterior features
Entry Steps/Stairs
Appliances
Microwave, Free-Standing Electric Oven, Free-Standing Electric Range, Refrigerator
Subdivision
No Subdivision
Lot features
Adjoins Common Ground, Adjoins Government Land
Elementary school
BELLEVILLE DIST 118
Middle school
BELLEVILLE DIST 118
High school
Belleville High School-West
Elementary school district
Belleville DIST 118
Middle school district
Belleville DIST 118
High school district
Belleville DIST 118
Directions
Route 13 east to North Belt West and the property is on the right (sits right in the wedge of N Belt West and West Main Street).
Standard status
Active
APN
08-18.0-211-036
Size
15,600 SF
Lot size
0.54 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
SUB OF LT 13 SEC 18-1N-8 LOT/SEC-13C PT LOT 13C A02525973
Tax Annual Amount
20249
Legal Description
SUB OF LT 13 SEC 18-1N-8 LOT/SEC-13C PT LOT 13C A02525973
Utilities
Utilities
Cable Available
Heating system
Baseboard, Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
window/wall AC units
baseboard heat
free standing stove/ovens
built in microwaves
washer/dryer hookups
Building Details
Year built
1979
Floors in Building
2
Number of units
26
Flooring type
Simulated wood, Tile - Ceramic
Building materials
Brick Veneer, Wood Siding
Roof type
Shingle
Architectural style
Other
Buildings
2
Listing Agency:
RE/MAX Alliance · RE/MAX International
(618) 345-2111
Listed By:
Jamie Nishwitz
(314) 313-1578
Added: Oct 30
Last Checked: Oct 31 at 11:06PM
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 includes two apartment buildings with 26 one-bedroom, one-bathroom units: 18 in one building and eight in the other. Each apartment measures 600 square feet and has a window or wall air-conditioning unit, baseboard heat, a freestanding stove and oven, a built-in microwave, and kitchen washer and dryer hookups. The buildings were constructed in 1979, and the offering also includes two adjacent vacant lots. The combined parcel area is 0.54 acres.
There are 23 occupied units. Tenants pay electricity and internet; water, sewer, and trash are paid by the owner. The property is situated between N. Belt West and West Main Street, with access to public transportation and local shopping and dining. Parking is available in a lot and via an alley.
There are 23 occupied units. Tenants pay electricity and internet; water, sewer, and trash are paid by the owner. The property is situated between N. Belt West and West Main Street, with access to public transportation and local shopping and dining. Parking is available in a lot and via an alley.
Key Highlights
- 26 one‑bedroom, one‑bathroom apartments across two buildings: 18 units and 8 units
- Each apartment is 600 square feet and includes window/wall AC, baseboard heat, stove/oven, microwave, and washer/dryer hookups
- Two adjacent vacant lots are included; combined parcel area is 0.54 acres
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?
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Open Analytics
Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
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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 residential buildings and two adjoining vacant parcels create a multi-building rental property with on-site parking.
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 is 600 square feet and includes window/wall AC, baseboard heat, stove/oven, microwave, and washer/dryer hookups; Two adjacent vacant lots are included; combined parcel area is 0.54 acres
