Turnkey Duplex with Separate
1639-1641 N Charles Street Belleville, IL 62221
For Sale
$194,900
MULTI_FAMILY - Belleville, IL
Property Size1,530 SF
Lot Size0.14 Acres
Price / SF$127.39
Days on Market12
Property Features for 1639-1641 N Charles Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Fencing
- Privacy
- Basement
- Unfinished
- Appliances
- Dishwasher, Portable Dishwasher, Gas Range, Refrigerator, Washer/Dryer
- Standard status
- Active
- APN
- 08-15.0-419-028
- Size
- 1,530 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3724
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
Listing Agency:
Century 21 Bailey & Company
(618) 931-2121
Listed By:
Vicki Martin · License #475.214166
(618) 931-2121
Added: Jul 13
Changed: Jul 22
Last Checked: Jul 24 at 9:06PM
MLS# 26036225
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 turnkey duplex offers two fully separated units with distinct utilities and privacy-fenced outdoor space. Each side includes an oversized upper-level loft bedroom along with a main-floor pass-through, living room, kitchen, and bath. The property also has separate in-unit washers and dryers (replaced since 2022 and included with the sale), off-street parking, and all kitchen appliances included. The 1641 unit is currently operated as an owner-occupied short-term rental; touring may only be available when the unit is not occupied by guests. Both units were delivered vacant at closing.
Updates include HVAC replacements in 2024 for both sides, along with water heater replacements in 2024 for 1641 and in 2025 for 1639. Additional improvements include an updated kitchen and updated bathroom for 1641, with a dishwasher installed and updated fixtures/appliances included; 1639 has new carpet and a portable dishwasher included.
The 1639 and 1641 units each have fully separated 6-foot privacy-fenced yards, supporting privacy and independent operation. Buyers should independently verify occupancy and permitted uses for any intended future use of the property.
Updates include HVAC replacements in 2024 for both sides, along with water heater replacements in 2024 for 1641 and in 2025 for 1639. Additional improvements include an updated kitchen and updated bathroom for 1641, with a dishwasher installed and updated fixtures/appliances included; 1639 has new carpet and a portable dishwasher included.
The 1639 and 1641 units each have fully separated 6-foot privacy-fenced yards, supporting privacy and independent operation. Buyers should independently verify occupancy and permitted uses for any intended future use of the property.
Key Highlights
- Turnkey duplex with separate utilities and fully separated 6‑foot privacy‑fenced yards
- Each unit features an oversized upper‑level loft bedroom plus living room, kitchen, and bath
- Major 2024‑2025 updates: HVAC replaced in 2024 for both units; water heater replaced in 2024 (1641) and 2025 (1639)
Financial Insights For Multifamily LT 5
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 | $19.3k | $12.60 |
| − Vacancy | −$1.3k | −$0.82 |
| EGI | $18.0k | $11.78 |
| − OpEx | −$5.4k | −$3.53 |
| NOI | $12.6k | $8.25 |
1,530 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$180.2K
$157.7K – $210.3K
NOI $12,617 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$162.4K
$142.1K – $189.4K
NOI $11,366 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$362.2K
$316.9K – $422.6K
NOI $25,354 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey two-unit duplex with separate gas, electric, and water services, each with its own fenced yard.
Where is this duplex located?
The property is located at 1639-1641 N Charles Street Belleville, IL.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Turnkey duplex with separate utilities and fully separated 6‑foot privacy‑fenced yards; Each unit features an oversized upper‑level loft bedroom plus living room, kitchen, and bath; Major 2024‑2025 updates: HVAC replaced in 2024 for both units; water heater replaced in 2024 (1641) and 2025 (1639)
