Building Details

Building Size 2,710 SF

Year Built 1955

Buildings 3

Stories 1

Tenancy Multi

Listing Agency: RE/MAX Preferred s***@remax.net Show Phone

Listed By: Jason Buss · License #475162134 Show Phone

Source: Eaglerealtygroup

Added: Oct 12 Changed: Oct 23 Last Checked: Oct 23 at 12:26PM

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Investment Insights

Based on property information with market context.

Built in 1955, this duplex has two rental apartments with month-to-month leases. Apartment A measures 2,623 square feet and includes six bedrooms and multiple bathrooms. Apartment B is 1,114 square feet, with two bedrooms, one bathroom, and a sunroom. Both units have large rooms, kitchens, and laundry rooms, and the appliances are included. A basement provides storage and a half bath.

A separate 1,200-square-foot garage/industrial building has gas and electric service. The property is zoned B-3, Highway Business District. Tenants pay gas and electric; the owner covers water. Real estate taxes and lot size are combined.

Key Highlights

• Two rental units with month‑to‑month leases
• Apartment A: 2,623 square feet, 6 bedrooms, and multiple bathrooms
• Apartment B: 1,114 square feet, 2 bedrooms, 1 bathroom, and a sunroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,439

Cap Rate

9.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$548,780 $548.8K

Cap Rate 7%

$391,986 $392.0K

Cap Rate 9%

$304,878 $304.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,710 SF

Gross rent

$48.8K $18.00/SF

− Vacancy

−$4.9K −$1.80/SF

EGI

$43.9K $16.20/SF

− OpEx

−$16.5K −$6.07/SF

NOI

$27.4K $10.13/SF

Area

St. Clair County, IL

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$548,780

Cap Rate 7%

$391,986

Cap Rate 9%

$304,878

Alternative Uses

Best Use

Mixed Use

$392.0K

$343.0K – $457.3K (±1% cap)

NOI $27,439 @ 7.0% cap · market cap 9.15%

Second Best

Multifamily LT 5

$319.3K

$279.4K – $372.5K (±1% cap)

NOI $22,349 @ 7.0% cap · market cap 7.45%

Theoretical Best

Office A

$641.6K

$561.4K – $748.5K (±1% cap)

NOI $44,909 @ 7.0% cap · market cap 14.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Dental Office Pharmacy Storage Facility Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,422

Businesses Nearby

Explore this area Business Placement

Demographics for 62269, IL

36,068

Population

14,616

Households

2.5

Avg Household Size

38

Median Age

51%

College-Educated

97%

High-School Grad

29.8 sq mi

ZIP Area

1,210

Density / Sq Mi

$100,167

Median Household Income

$58,724

Median Earnings

$1,258

Median Rent

$274,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - B-3 zoning and a separate garage/industrial building add flexibility to this two-unit property.

Where is this duplex located?

The property is located at 325 S Main Street Shiloh, IL.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Two rental units with month‑to‑month leases; Apartment A: 2,623 square feet, 6 bedrooms, and multiple bathrooms; Apartment B: 1,114 square feet, 2 bedrooms, 1 bathroom, and a sunroom