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    Victorian Four-Unit Rental Home Title is generated by Realmo AI

    23 W Laurel Street, Millstadt, IL 62260

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    For Sale
    $385,000

    MULTI_FAMILY - Victorian - Millstadt, IL

    Property size:
    1,896 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $203/SF
    Added:
    Apr 26, 2026
    Days on Market:
    72
    Last Refresh:
    Jul 6 at 8:06 am

    Property Features for 23 W Laurel Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1
    Parking features
    Off Street
    Interior features
    Ceiling Fan(s), High Ceilings, Historic Millwork
    Appliances
    Free-Standing Electric Oven, Refrigerator
    Standard status
    Active
    APN
    12-09.0-423-017
    Size
    1,896 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Rendlemans 1st Add Lot/Sec-65 W 25ft Lt 64 & All Lt 65 A02085649
    Tax Annual Amount
    5434

    Utilities

    Utilities
    Cable Available
    Heating system
    Radiant
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s), Separate Meters
    Water source
    Public

    Building Details

    Year built
    1902
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Hardwood, Vinyl
    Building materials
    Vinyl Siding
    Architectural style
    Victorian

    We can help!

    Contact an agent
    Judy Ross
    Judy Ross

    Listing agent Judy Ross License #471.019568

    Listing office Southern Illinois Realty, LLC 5420 West Fork Club Road, Smithton, IL

    Listing date Apr 26, 2026

    MLS# 26011659 Listing URL

    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.

    HighLights

    • Victorian home converted into four separate apartments (3 units: 1 bed/1 bath; 1 unit: 2 bed/1 bath)
    • Gross monthly income $3,625 with estimated monthly expenses of $1,212 for net monthly income of $2,413
    • Separate electric meters for each apartment; refrigerators and electric range/oven included in all units
    • Roof on the main house is less than 10 years old; garage roof replacement scheduled for 2026
    • New siding installed in 2016; off‑street parking plus an additional 2‑car garage rentable for approx. $100–$150/month
    • Hardwood and vinyl flooring; historic millwork; radiant heating and wall/window A/C units

    Overview

    This Victorian-style home has been converted into four separate apartments, combining old-world character with modern updates. The unit mix includes three 1-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. Floors throughout are finished with hardwood or luxury vinyl plank. Kitchens have been updated with new cabinetry, and bathrooms have also been updated. Each apartment includes a refrigerator and an electric range/oven. Utilities are separated with individual electric meters for each unit, supporting independent tenant billing. Exterior improvements noted include a roof on the main house installed less than 10 years ago, new siding completed in 2016, and a new roof on the garage installed in 2026.

    The property is located in Millstadt, within walking distance to local restaurants and shops. The lot size is listed at 0.26 acres. A minimum 24-hour notice is required for showings, and preapproval or proof of funds must be provided to the listing agent prior to viewing.

    Financial details provided with the listing indicate $3,625 in gross monthly income and $1,212 in monthly expenses, resulting in $2,413 in net monthly income. Additional income is described from a 2-car garage that may be rentable for approximately $100–$150 per month. With multiple apartments under one roof and recent exterior work documented, the property may suit investors or owner-operators seeking in-town rental housing that is ready to be managed as a small multifamily portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Pharmacy Nail Salon Accounting Firm Daycare Center HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millstadt
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.092457
    Latitude
    38.459201

    FAQs

    What type of property is this?
    Multifamily property - Victorian-style property converted into four apartments with separate electric meters and updated interiors throughout.
    Where is this multifamily property located?
    The property is located at 23 W Laurel Street Millstadt, IL.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Victorian home converted into four separate apartments (3 units: 1 bed/1 bath; 1 unit: 2 bed/1 bath); Gross monthly income $3,625 with estimated monthly expenses of $1,212 for net monthly income of $2,413; Separate electric meters for each apartment; refrigerators and electric range/oven included in all units
    More about this property
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