Two-Build Multifamily
New
For Sale
$430,000
Pending
2112 E Belle Avenue, Belleville, IL 62221
MULTI_FAMILY - Belleville, IL
Property Size2,034 SF
Lot Size0.25 Acres
Days on Market6
Property Features for 2112 E Belle Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Parking
1
Appliances
Range, Refrigerator
Subdivision
Belle Muren Sub
Elementary school
BELLEVILLE DIST 118
Middle school
BELLEVILLE DIST 118
High school
Belleville High School-East
Elementary school district
Belleville DIST 118
Middle school district
Belleville DIST 118
High school district
Belleville DIST 118
Standard status
Pending
APN
08-14.0-307-059
Size
2,034 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7250
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Floors in Building
2
Number of units
2
Building materials
Brick Veneer, Vinyl Siding
Listing Agency:
Johnston Realty, Inc.
(618) 233-8802
Listed By:
Gary Johnston · License #471004014
(618) 779-4124
Added: Jul 25
Changed: Jul 29
Last Checked: Jul 30 at 10:06PM
MLS# 26047681
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 multifamily property for sale includes two separate buildings, with each building containing three units. Each unit features approximately 1,212 square feet of living space with three bedrooms and 2.5 bathrooms, along with an attached one-car garage. The listing notes a large primary suite in each unit. The property is offered in “As Is” condition, with the seller making no repairs.
The sale includes addresses 2122 and 2116 E Belle Ave in Belleville, IL 62221, for parcels 08-14.0-307-058 and 059. Tenants are responsible for all utilities.
Each unit is described as renting for $1,260 per month, providing a consistent residential income structure across the six total units included in the offering.
The sale includes addresses 2122 and 2116 E Belle Ave in Belleville, IL 62221, for parcels 08-14.0-307-058 and 059. Tenants are responsible for all utilities.
Each unit is described as renting for $1,260 per month, providing a consistent residential income structure across the six total units included in the offering.
Key Highlights
- Two‑building multifamily in Belleville: each build has 3 units with attached garages (6 total units).
- Each unit offers 3 bedrooms, 2.5 baths, and 1,212 SF, plus a 1‑car attached garage.
- Current rent listed at $1,260 per month per unit; tenants pay all utilities.
Financial Insights For Apartment 5plus
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 | $29.3k | $14.40 |
| − Vacancy | −$1.8k | −$0.89 |
| EGI | $27.5k | $13.51 |
| − OpEx | −$12.4k | −$6.08 |
| NOI | $15.1k | $7.43 |
2,034 SF · lease $14.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$215.9K
$188.9K – $251.9K
NOI $15,111 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.5K
$421.3K – $561.8K
NOI $33,706 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 62221, IL
29,039
Population
12,460
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
35.0 sq mi
ZIP Area
830
Density / Sq Mi
$78,619
Median Household Income
$45,353
Median Earnings
$1,078
Median Rent
$207,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two attached- garage buildings each contain three 3-bedroom units, with tenant-paid utilities.
Where is this apartment building located?
The property is located at 2112 E Belle Avenue Belleville, IL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑building multifamily in Belleville: each build has 3 units with attached garages (6 total units).; Each unit offers 3 bedrooms, 2.5 baths, and 1,212 SF, plus a 1‑car attached garage.; Current rent listed at $1,260 per month per unit; tenants pay all utilities.
