Two-Unit Ranch
324-326 Monticello Place, Edwardsville, IL 62025
For Sale
New
$455,000
Residential Income, Edwardsville, IL
Property Size2,864 SF
Lot Size0.55 Acres
Price / SF$158.87
Days on Market5
Property Features for 324-326 Monticello Place
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
first-floor laundry
private rear yard space
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Alliance · RE/MAX International
(618) 288-7100
Listed By:
Gloria Fields
(618) 975-6043
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 7 at 11:06AM
MLS# 26065444
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.
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Investment Insights
Based on property information with market context.
This brick-front ranch duplex contains 2,864 square feet across two residences. Each side offers approximately 1,400 square feet, two bedrooms, first-floor laundry, and a two-car garage. The property also features private rear yard space and sits on a 0.5538-acre lot. Built in 2002, the building has central air conditioning and natural gas forced-air heat.
Shopping, schools, and SIUE are nearby. The two-home configuration and separate garages are complemented by ranch-style layouts and private outdoor areas.
Shopping, schools, and SIUE are nearby. The two-home configuration and separate garages are complemented by ranch-style layouts and private outdoor areas.
Key Highlights
- Two residences, each with approximately 1,400 square feet and two bedrooms
- 2,864‑square‑foot duplex on a 0.5538‑acre lot
- First‑floor laundry and a two‑car garage in each home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,097
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,940
$421.9K
Cap Rate 7%
$301,386
$301.4K
Cap Rate 9%
$234,411
$234.4K
Market Conditions
NOI Build-Up for 2,864 SF
Gross rent
$32.6K $11.40/SF
− Vacancy
−$2.5K −$0.88/SF
EGI
$30.1K $10.52/SF
− OpEx
−$9.0K −$3.16/SF
NOI
$21.1K $7.37/SF
Area
Madison County, IL
Vacancy
7.69%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,940
Cap Rate 7%
$301,386
Cap Rate 9%
$234,411
Alternative Uses
Best Use
Multifamily LT 5
$301.4K
$263.7K – $351.6K
NOI $21,097 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$780.6K
$683.1K – $910.8K
NOI $54,645 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
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Business Placement
Demographics for 62025, IL
35,229
Population
14,347
Households
2.5
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
112.2 sq mi
ZIP Area
314
Density / Sq Mi
$103,300
Median Household Income
$54,529
Median Earnings
$1,215
Median Rent
$295,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Madison County, IL
Properties on Market for Duplexes in Madison County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes have first-floor laundry and individual two-car garages, with private rear yard areas.
Where is this duplex located?
The property is located at 324-326 Monticello Place Edwardsville, IL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Two residences, each with approximately 1,400 square feet and two bedrooms; 2,864‑square‑foot duplex on a 0.5538‑acre lot; First‑floor laundry and a two‑car garage in each home
