All-Brick 6-Unit Apartment
New
For Sale
$280,000
109 Jerome Lane, Cahokia, IL 62206
MULTI_FAMILY - Other - Cahokia, IL
Property Size3,432 SF
Lot Size0.24 Acres
Price / SF$81.59
Days on Market3
Property Features for 109 Jerome Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 3, Dining Room, Bathroom 4, Bedroom 2, Bathroom 5, Bathroom 1, Bathroom 6, Bedroom 4
Parking features
Parking Lot
Interior features
Kitchen/Dining Room Combo
Subdivision
Commonfields
Elementary school
CAHOKIA DIST 187
Middle school
CAHOKIA DIST 187
High school
Cahokia
Elementary school district
Cahokia DIST 187
Middle school district
Cahokia DIST 187
High school district
Cahokia DIST 187
Standard status
Active
APN
01-35.0-309-017
Size
3,432 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAHOKIA COMMONFIELDS LOT/SEC-213C PT A02714601
Tax Annual Amount
8010
Legal Description
CAHOKIA COMMONFIELDS LOT/SEC-213C PT A02714601
Utilities
Heating system
Radiant Floor, Radiant
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
deck
radiant floor heat
window air conditioning
Building Details
Year built
1980
Floors in Building
2
Number of units
6
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
Strano & Associates
(618) 277-7653
Listed By:
Stacey Lacroix
(618) 779-6021
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 6:06PM
MLS# 26046358
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 all-brick 6-unit apartment building offers a straightforward, low-maintenance exterior and a consistent unit layout. Each unit includes a 1-bedroom configuration with a combined kitchen/dining area, a spacious living room, and a full bathroom. The property features radiant floor heat, and each unit is served by an individual window AC unit. A newly installed deck provides additional outdoor space for residents.
The property is located at 109 Jerome Lane in Cahokia, Illinois, in St. Clair County. The listing notes the building is just minutes from St. Louis.
Currently, 5 of the 6 units are occupied, supporting immediate income generation. The total property size is listed as 3,432 square feet on a 0.24-acre lot.
The property is located at 109 Jerome Lane in Cahokia, Illinois, in St. Clair County. The listing notes the building is just minutes from St. Louis.
Currently, 5 of the 6 units are occupied, supporting immediate income generation. The total property size is listed as 3,432 square feet on a 0.24-acre lot.
Key Highlights
- All‑brick 6‑unit multi‑family property built in 1980
- 5 of 6 units currently occupied (5/6 occupancy)
- Each unit features a 1‑bedroom layout with a kitchen/dining room combo and a full bathroom
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.4k | $14.40 |
| − Vacancy | −$3.1k | −$0.89 |
| EGI | $46.4k | $13.51 |
| − OpEx | −$20.9k | −$6.08 |
| NOI | $25.5k | $7.43 |
3,432 SF · lease $14.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,496 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.5K
$710.9K – $947.9K
NOI $56,873 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
83.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 62206, IL
12,929
Population
6,586
Households
2
Avg Household Size
34
Median Age
12%
College-Educated
86%
High-School Grad
14.5 sq mi
ZIP Area
892
Density / Sq Mi
$39,520
Median Household Income
$27,611
Median Earnings
$1,021
Median Rent
$57,700
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?
Apartment building - All-brick 6-unit multifamily property with 5 of 6 units currently occupied and radiant floor heat.
Where is this apartment building located?
The property is located at 109 Jerome Lane Cahokia, IL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: All‑brick 6‑unit multi‑family property built in 1980; 5 of 6 units currently occupied (5/6 occupancy); Each unit features a 1‑bedroom layout with a kitchen/dining room combo and a full bathroom
