Four-Unit Apartment
217 S 16th Street Belleville, IL 62220
New
217 S 16th Street, Belleville, IL, 62220
$155,000
For Sale
Under Contract
$155,000
MULTI_FAMILY - Belleville, IL
Property Size1,416 SF
Lot Size0.16 Acres
Price / SF$109.46
Days on Market3
Property Features for 217 S 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
- Standard status
- Active Under Contract
- APN
- 08-20.0-423-014
- Size
- 1,416 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3860
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1907
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Vinyl Siding
Listing agency
Keller Williams Marquee
(618) 307-5616
Listed by
Jasmine Spraggins
(618) 307-5616
Added: Jul 20 Updated: Jul 22 at 2:33AM Checked: Jul 22 at 6:06PM
MLS# 26041520
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 four-unit multifamily building offers four 1-bedroom, 1-bath apartments. All four units are currently occupied, providing immediate rental income. The property features updates including newer carpet in some units and durable wood-look flooring in others. Each apartment includes a refrigerator and stove.
The building has a spacious rear deck and ample off-street parking located behind the property. The property is in Belleville, Illinois, near shopping, dining, public transportation, and downtown.
The sale is offered AS IS, and the seller will make no repairs, complete no occupancy inspections, and will not complete any municipal occupancy requirements. Lot size is listed at 0.16 acres and the property size is listed at 1,416 square feet.
The building has a spacious rear deck and ample off-street parking located behind the property. The property is in Belleville, Illinois, near shopping, dining, public transportation, and downtown.
The sale is offered AS IS, and the seller will make no repairs, complete no occupancy inspections, and will not complete any municipal occupancy requirements. Lot size is listed at 0.16 acres and the property size is listed at 1,416 square feet.
Key Highlights
- Four‑unit multifamily building with four 1‑bedroom, 1‑bath apartments
- All 4 units currently occupied, providing immediate rental income
- Each unit includes a refrigerator and stove
Local 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 | $17.8k | $12.60 |
| − Vacancy | −$1.2k | −$0.82 |
| EGI | $16.7k | $11.78 |
| − OpEx | −$5.0k | −$3.53 |
| NOI | $11.7k | $8.25 |
1,416 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$166.8K
$146.0K – $194.6K
NOI $11,677 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$150.3K
$131.5K – $175.3K
NOI $10,519 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units are currently occupied, with in-unit refrigerators and stoves.
Where is this quadplex located?
The property is located at 217 S 16th Street Belleville, IL.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Four‑unit multifamily building with four 1‑bedroom, 1‑bath apartments; All 4 units currently occupied, providing immediate rental income; Each unit includes a refrigerator and stove
