329 Rutledge Street, Worden, IL 62097
MULTI_FAMILY - Worden, IL
- Added:
- Apr 13, 2026
- Days on Market:
- 79
- Last Refresh:
- Jun 30 at 1:06 pm
Property Features for 329 Rutledge Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Rooms
- Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 7
- Parking features
- Off Street, Assigned
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 12-2-04-26-20-401-004.005
- Size
- 3,300 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- OOTON SUBD LOT 3 163X153XIRR
- Tax Annual Amount
- 415
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2024
- Number of units
- 3
- Building materials
- Brick
Listing agent Julia Kennedy License #475.203745 (618) 466-1513
Listing office Landmark Realty 3049 Godfrey Road, Godfrey, IL (618) 466-1513
Listing date Apr 13, 2026
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
- Newly completed 2024 all‑brick triplex
- Unit mix: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
- Central air with electric cooling, plus electric forced‑air heating
- Public water and public sewer
- Off‑street and assigned parking
Overview
The property is located at 329 Rutledge Street in Worden, Illinois, in Madison County. The listing notes that the images were taken prior to tenants moving in, and that tenants are on month-to-month leases. The property is also being offered as part of a package that includes an additional investment property located across the street, referenced as MLS #25022720.
For investors seeking a small multifamily asset, this configuration provides a mix of unit sizes ranging from 2-bedroom through 3-bedroom. The month-to-month leasing structure may be of interest to buyers evaluating near-term occupancy and tenant transition considerations. The property is being sold as-is, and the package option may appeal to buyers looking to acquire more than one income property in the same area.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.6k | $11.40 |
| − Vacancy | −$2.9k | −$0.88 |
| EGI | $34.7k | $10.52 |
| − OpEx | −$10.4k | −$3.16 |
| NOI | $24.3k | $7.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worden
- County
- Madison
- State
- Illinois
- Longitude
- -89.835521
- Latitude
- 38.936379
