Renovated Brick
New
For Sale
$295,000
3318 Illinois Ave, Saint Louis, MO 63118
Two separate homes pair contemporary kitchens and in-unit laundry with shared outdoor space and off-street parking.
Property Size1,816 SF
Price / SF$162.44
Days on Market3
Property Features for 3318 Illinois Ave
General Information
Standard status
Active
Size
1,816 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
modern kitchens
hardwood flooring
in-unit laundry
off-street parking
shared backyard
deck
Building Details
Year Built
1895
Year Renovated
2023
Buildings
1
Construction
brick
Listing Agency:
Century 21 Reid Baugher Realty
Listed By:
Strait Realty
(314) 441-4444
Source:
Straitrealty
Added: Oct 28
Last Checked: Oct 28 at 7:09AM
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 Reid Baugher Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,816-square-foot brick duplex, built in 1895, contains two 2-bedroom, 1-bathroom residences. Both units received renovations in 2023 and have modern kitchens, hardwood floors, and in-unit laundry. Shared property features include a backyard, deck, and off-street parking.
The property is on Illinois Avenue in St. Louis, near Cherokee Street’s restaurants, shops, and entertainment. Benton Park, Soulard, downtown St. Louis, and major highways are also accessible from the area.
The property is on Illinois Avenue in St. Louis, near Cherokee Street’s restaurants, shops, and entertainment. Benton Park, Soulard, downtown St. Louis, and major highways are also accessible from the area.
Key Highlights
- 1,816‑square‑foot brick duplex built in 1895
- Two 2‑bedroom, 1‑bathroom units
- Renovated in 2023, with modern kitchens and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,420
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,400
$388.4K
Cap Rate 7%
$277,429
$277.4K
Cap Rate 9%
$215,778
$215.8K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$29.4K $16.20/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$27.7K $15.28/SF
− OpEx
−$8.3K −$4.58/SF
NOI
$19.4K $10.69/SF
Area
St. Louis County, MO
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,400
Cap Rate 7%
$277,429
Cap Rate 9%
$215,778
Alternative Uses
Best Use
Multifamily LT 5
$277.4K
$242.8K – $323.7K
NOI $19,420 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$241.4K
$211.3K – $281.7K
NOI $16,900 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$389.7K
$341.0K – $454.7K
NOI $27,282 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 63118, MO
25,194
Population
14,770
Households
1.7
Avg Household Size
34
Median Age
38%
College-Educated
87%
High-School Grad
3.4 sq mi
ZIP Area
7,410
Density / Sq Mi
$57,268
Median Household Income
$44,717
Median Earnings
$952
Median Rent
$210,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes pair contemporary kitchens and in-unit laundry with shared outdoor space and off-street parking.
Where is this duplex located?
The property is located at 3318 Illinois Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,816‑square‑foot brick duplex built in 1895; Two 2‑bedroom, 1‑bathroom units; Renovated in 2023, with modern kitchens and hardwood flooring
