2-Unit
For Sale
$125,000
11 Hi Pointe Drive, Belleville, IL 62223
Seller-owned appliances are included, and each residence has its own separate unit.
Property Size1,456 SF
Price / SF$85.85
Days on Market52
Property Features for 11 Hi Pointe Drive
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Residential Income
Additional Details
Asking Price
$125,000
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,373
Building Details
Building Size
1,456 SF
Year Built
1972
Listing Agency:
H3 Capital Real Estate, Llc
(618) 622-3343
Listed By:
Brendan Barone · License #475166300
(618) 606-3829
Source:
Finehomesbydawn
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 23 at 5:12PM
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 H3 Capital Real Estate, Llc
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Investment Insights
Based on property information with market context.
This Belleville duplex contains two separate residences with 1,456 square feet of above-grade living area and a full 1,456-square-foot basement. Seller-owned appliances are included with the property.
Construction dates to 1972, with an effective year built of 1985.
Construction dates to 1972, with an effective year built of 1985.
Key Highlights
- Two separate residential units
- 1,456 SF of above‑grade living space
- Full 1,456 SF basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,817
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,340
$216.3K
Cap Rate 7%
$154,529
$154.5K
Cap Rate 9%
$120,189
$120.2K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$21.0K $14.40/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$19.7K $13.51/SF
− OpEx
−$8.8K −$6.08/SF
NOI
$10.8K $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%
$216,340
Cap Rate 7%
$154,529
Cap Rate 9%
$120,189
Alternative Uses
Best Use
Multifamily LT 5
$171.5K
$150.1K – $200.1K
NOI $12,007 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$154.5K
$135.2K – $180.3K
NOI $10,817 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$344.7K
$301.6K – $402.1K
NOI $24,128 @ 7.0% cap · market cap 19.30%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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Business Placement
Demographics for 62223, IL
16,263
Population
7,804
Households
2.1
Avg Household Size
45
Median Age
33%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
633
Density / Sq Mi
$69,620
Median Household Income
$40,005
Median Earnings
$1,026
Median Rent
$149,600
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 - Seller-owned appliances are included, and each residence has its own separate unit.
Where is this duplex located?
The property is located at 11 Hi Pointe Drive Belleville, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two separate residential units; 1,456 SF of above‑grade living space; Full 1,456 SF basement
