Two-Home Multifamily
1333 11th St, Cottage Hills, IL 62018
For Sale
$162,500
Two residences and a separate workshop share a fenced parcel with parking for both homes.
Property Size1,644 SF
Lot Size0.45 Acres
Price / SF$98.84
Days on Market62
Property Features for 1333 11th St
General Information
Standard status
Size
Lot size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams Marquee
Listed By:
Julie Mayfield · License IL #475119652
(314) 402-4095
Source:
Nations-network
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 8 at 10:11AM
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 Keller Williams Marquee
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes two separate residences and a workshop on a fenced 0.45-acre parcel. The primary home offers 4 bedrooms and 3 baths, an open layout, updated flooring in the living and dining areas, a wood-burning fireplace, walk-out basement, central vacuum system, and a lower-level bonus area. Its attached garage measures 16 x 24.5 feet.
The second residence contains 2 bedrooms and 1 bath, with an open-concept design and main-floor laundry. The home requires repairs or improvements, providing flexibility for renovation or additional occupancy. A detached 38 x 11-foot workshop has electricity, wood flooring, and a garage-style door sized for a riding lawnmower. All three structures have newer roofs, and the property provides parking for both residences. The improvements date to 1980.
The second residence contains 2 bedrooms and 1 bath, with an open-concept design and main-floor laundry. The home requires repairs or improvements, providing flexibility for renovation or additional occupancy. A detached 38 x 11-foot workshop has electricity, wood flooring, and a garage-style door sized for a riding lawnmower. All three structures have newer roofs, and the property provides parking for both residences. The improvements date to 1980.
Key Highlights
- Two residences on one fenced 0.45‑acre parcel
- Primary home includes 4 bedrooms, 3 baths, walk‑out basement, and 16 x 24.5‑foot garage
- Second residence offers 2 bedrooms, 1 bath, open‑concept layout, and main‑floor laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,368
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,360
$227.4K
Cap Rate 7%
$162,400
$162.4K
Cap Rate 9%
$126,311
$126.3K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$22.5K $13.68/SF
− Vacancy
−$1.8K −$1.11/SF
EGI
$20.7K $12.57/SF
− OpEx
−$9.3K −$5.66/SF
NOI
$11.4K $6.91/SF
Area
Madison County, IL
Vacancy
8.10%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,360
Cap Rate 7%
$162,400
Cap Rate 9%
$126,311
Alternative Uses
Best Use
Apartment 5plus
$162.4K
$142.1K – $189.5K
NOI $11,368 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.1K
$392.1K – $522.8K
NOI $31,368 @ 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?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 62018, IL
3,412
Population
1,220
Households
2.8
Avg Household Size
37
Median Age
6%
College-Educated
81%
High-School Grad
3.3 sq mi
ZIP Area
1,034
Density / Sq Mi
$41,750
Median Household Income
$31,181
Median Earnings
$1,018
Median Rent
$78,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Madison County, IL
Properties on Market for Multifamily properties in Madison County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences and a separate workshop share a fenced parcel with parking for both homes.
Where is this multifamily property located?
The property is located at 1333 11th St Cottage Hills, IL.
What is the asking price?
The asking price for this property is $162,500.
What are key features of this property?
This property features: Two residences on one fenced 0.45‑acre parcel; Primary home includes 4 bedrooms, 3 baths, walk‑out basement, and 16 x 24.5‑foot garage; Second residence offers 2 bedrooms, 1 bath, open‑concept layout, and main‑floor laundry
