4-Unit Brick
115 Jerome Lane, Cahokia, IL 62206
For Sale
New
$175,000
Residential Income, Cahokia, IL
Property Size1,170 SF
Lot Size0.24 Acres
Price / SF$149.57
Days on Market3
Property Features for 115 Jerome Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Building materials
Architectural style
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Michael Maxwell
(609) 354-2348
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 26072002
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.
This four-unit residential property in Cahokia was built in 1981 and has brick construction. The recorded room details include four bedrooms and four bathrooms. Cooling is provided by window units. The property measures 1,170 square feet and sits on a 0.24-acre lot.
Cahokia is described as a short drive from downtown St. Louis, with access to the broader metropolitan area’s employment, shopping, dining, entertainment, and everyday services.
Cahokia is described as a short drive from downtown St. Louis, with access to the broader metropolitan area’s employment, shopping, dining, entertainment, and everyday services.
Key Highlights
- Four‑unit multifamily property
- 1,170 square feet on a 0.24‑acre lot
- Four bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,649
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,980
$193.0K
Cap Rate 7%
$137,843
$137.8K
Cap Rate 9%
$107,211
$107.2K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$14.7K $12.60/SF
− Vacancy
−$958 −$0.82/SF
EGI
$13.8K $11.78/SF
− OpEx
−$4.1K −$3.53/SF
NOI
$9.6K $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%
$192,980
Cap Rate 7%
$137,843
Cap Rate 9%
$107,211
Alternative Uses
Best Use
Multifamily LT 5
$137.8K
$120.6K – $160.8K
NOI $9,649 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$124.2K
$108.7K – $144.9K
NOI $8,692 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$277.0K
$242.4K – $323.2K
NOI $19,389 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The 1981 property has four bedrooms, four bathrooms, and window-unit cooling.
Where is this quadplex located?
The property is located at 115 Jerome Lane Cahokia, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 1,170 square feet on a 0.24‑acre lot; Four bedrooms and four bathrooms
