Two-Unit Duplex with Private
New
For Sale
$149,000
109 S 27th St, Belleville, IL 62226
Separate unfinished basements provide both residences with additional storage space.
Property Size1,028 SF
Price / SF$144.94
Days on Market3
Property Features for 109 S 27th St
General Information
Standard status
Active
Size
1,028 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,067
Amenities
private parking lot
full unfinished basements
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(618) 628-2400
Listed By:
Monica Mahtani · License #RASI
(618) 741-5133
Source:
Exprealty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Select Properties
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Investment Insights
Based on property information with market context.
This two-unit duplex has refreshed finishes and newer vinyl windows throughout. Unit 109 features laminate flooring and newer plumbing. In Unit 111, original hardwood remains in the living and dining rooms, while the two bedrooms have laminate flooring. Each residence also has access to a full unfinished basement for storage.
A private parking lot sits behind the building, with access to the rear doors of both units. The apartments have month-to-month tenants in place. Current monthly rents are excluded from this summary.
A private parking lot sits behind the building, with access to the rear doors of both units. The apartments have month-to-month tenants in place. Current monthly rents are excluded from this summary.
Key Highlights
- Two units with month‑to‑month tenants
- Newer vinyl windows throughout both units
- Unit 109 has laminate flooring throughout and newer plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,478
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,560
$169.6K
Cap Rate 7%
$121,114
$121.1K
Cap Rate 9%
$94,200
$94.2K
Market Conditions
NOI Build-Up for 1,028 SF
Gross rent
$13.0K $12.60/SF
− Vacancy
−$842 −$0.82/SF
EGI
$12.1K $11.78/SF
− OpEx
−$3.6K −$3.53/SF
NOI
$8.5K $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 Rate 5%
$169,560
Cap Rate 7%
$121,114
Cap Rate 9%
$94,200
Alternative Uses
Best Use
Multifamily LT 5
$121.1K
$106.0K – $141.3K
NOI $8,478 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$109.1K
$95.5K – $127.3K
NOI $7,637 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$243.4K
$213.0K – $283.9K
NOI $17,036 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
255
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate unfinished basements provide both residences with additional storage space.
Where is this duplex located?
The property is located at 109 S 27th St Belleville, IL.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two units with month‑to‑month tenants; Newer vinyl windows throughout both units; Unit 109 has laminate flooring throughout and newer plumbing
