Triplex with Rear Ranch
222 S Jackson Street, Belleville, IL 62220
For Sale
$189,900
Three residences include a two-unit duplex and a separate ranch-style dwelling.
Property Size1,979 SF
Price / SF$95.96
Days on Market90
Property Features for 222 S Jackson Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Re/Max Signature Properties
Listed By:
Lacey Dore · License #475128953
(618) 726-2123
Source:
Janetmcafee
Added: Aug 12
Changed: Nov 9
Last Checked: Nov 8 at 8:34AM
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 Re/Max Signature Properties
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Investment Insights
Based on property information with market context.
The property comprises three residences: a duplex and a detached ranch-style home at the back of the parcel. Each side of the duplex contains 2 bedrooms and 1 full bathroom, with living, dining, and kitchen areas on the main level and bedrooms upstairs. One side also has an additional room off the living area. Both duplex units share an unfinished basement and have separate rear decks; a covered porch spans the front of the building.
The third residence is a ranch-style, 2-bedroom, 1-bath home over a full basement. Its basement includes a 2-car garage and a storage area. The property was built in 1951.
The third residence is a ranch-style, 2-bedroom, 1-bath home over a full basement. Its basement includes a 2-car garage and a storage area. The property was built in 1951.
Key Highlights
- Three residential units across a duplex and a ranch‑style home
- Each duplex unit has 2 bedrooms and 1 full bathroom
- Rear ranch‑style dwelling has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,320
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,400
$326.4K
Cap Rate 7%
$233,143
$233.1K
Cap Rate 9%
$181,333
$181.3K
Market Conditions
NOI Build-Up for 1,979 SF
Gross rent
$24.9K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.3K $11.78/SF
− OpEx
−$7.0K −$3.53/SF
NOI
$16.3K $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%
$326,400
Cap Rate 7%
$233,143
Cap Rate 9%
$181,333
Alternative Uses
Best Use
Multifamily LT 5
$233.1K
$204.0K – $272.0K
NOI $16,320 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$210.0K
$183.8K – $245.0K
NOI $14,702 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$468.5K
$409.9K – $546.6K
NOI $32,795 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
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Business Placement
Demographics for 62220, IL
19,474
Population
8,784
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
28.9 sq mi
ZIP Area
674
Density / Sq Mi
$65,261
Median Household Income
$37,105
Median Earnings
$976
Median Rent
$141,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include a two-unit duplex and a separate ranch-style dwelling.
Where is this triplex located?
The property is located at 222 S Jackson Street Belleville, IL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Three residential units across a duplex and a ranch‑style home; Each duplex unit has 2 bedrooms and 1 full bathroom; Rear ranch‑style dwelling has 2 bedrooms and 1 bathroom
