Three-Unit Multifamily
25 Blackburn Manor, Millstadt, IL 62260
For Sale
$350,000
Income-producing residential property offered as-is in Millstadt with access to surrounding areas.
Property Size1,256 SF
Price / SF$278.66
Days on Market61
Property Features for 25 Blackburn Manor
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Century 21 Advantage
Listed By:
Robert Knysak · License #475170786
(618) 979-7115
Source:
Nations-network
Added: Sep 10
Changed: Nov 1
Last Checked: Nov 8 at 9:21AM
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 Century 21 Advantage
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Investment Insights
Based on property information with market context.
This multifamily property contains three residential units within a 1,256-square-foot building constructed in 1979. The property is being sold as-is and is currently configured as an income-producing residential asset.
Located at 25 Blackburn Manor in Millstadt, Illinois, the property is near local amenities and provides access to surrounding areas. The three-unit layout offers a defined multifamily configuration for residential income use.
Located at 25 Blackburn Manor in Millstadt, Illinois, the property is near local amenities and provides access to surrounding areas. The three-unit layout offers a defined multifamily configuration for residential income use.
Key Highlights
- Three residential units in one multifamily property
- 1,256‑square‑foot building
- Constructed in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,358
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,160
$207.2K
Cap Rate 7%
$147,971
$148.0K
Cap Rate 9%
$115,089
$115.1K
Market Conditions
NOI Build-Up for 1,256 SF
Gross rent
$15.8K $12.60/SF
− Vacancy
−$1.0K −$0.82/SF
EGI
$14.8K $11.78/SF
− OpEx
−$4.4K −$3.53/SF
NOI
$10.4K $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%
$207,160
Cap Rate 7%
$147,971
Cap Rate 9%
$115,089
Alternative Uses
Best Use
Multifamily LT 5
$148.0K
$129.5K – $172.6K
NOI $10,358 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$133.3K
$116.6K – $155.5K
NOI $9,331 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$297.3K
$260.2K – $346.9K
NOI $20,814 @ 7.0% cap · market cap 5.95%
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
196
Businesses Nearby
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Business Placement
Demographics for 62260, IL
7,162
Population
2,863
Households
2.5
Avg Household Size
46
Median Age
31%
College-Educated
98%
High-School Grad
43.9 sq mi
ZIP Area
163
Density / Sq Mi
$93,929
Median Household Income
$52,766
Median Earnings
$1,000
Median Rent
$229,600
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 - Income-producing residential property offered as-is in Millstadt with access to surrounding areas.
Where is this triplex located?
The property is located at 25 Blackburn Manor Millstadt, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three residential units in one multifamily property; 1,256‑square‑foot building; Constructed in 1979
