Renovated Brick
New
For Sale
$295,000
3318 Illinois Avenue, Saint Louis, MO 63118
Residential Income, St Louis, MO
Property Size1,816 SF
Lot Size0.07 Acres
Price / SF$162.44
Days on Market3
Property Features for 3318 Illinois Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Parking
2
Appliances
Stainless Steel Appliance(s)
Subdivision
City Commons Add
Elementary school
Sigel Elem. Comm. Ed. Center
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
GPS
Standard status
Active
APN
1528-00-0100-0
Size
1,816 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1824
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
off-street parking
shared backyard
deck
in-unit laundry
Building Details
Year built
1895
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Buildings
1
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Timothy McCarthy
(636) 699-5668
Added: Oct 27
Changed: Oct 29
Last Checked: Oct 29 at 11:06AM
MLS# 26068698
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.
Built in 1895, this 1,816-square-foot brick duplex contains two apartments, each configured with two bedrooms and one bathroom. Both units were updated in 2023 and have kitchens, hardwood floors and in-unit laundry. Stainless steel appliances, forced-air heating and central air conditioning are also present. The property includes off-street parking, a shared backyard and a deck.
At 3318 Illinois Avenue in St. Louis, the property is near Cherokee Street restaurants, shops and entertainment, with Benton Park, Soulard and Downtown St. Louis also identified nearby. Major highways are accessible from the area.
At 3318 Illinois Avenue in St. Louis, the property is near Cherokee Street restaurants, shops and entertainment, with Benton Park, Soulard and Downtown St. Louis also identified nearby. Major highways are accessible from the area.
Key Highlights
- Two‑unit duplex with 1,816 square feet of interior space
- Both apartments have 2 bedrooms and 1 bathroom
- Updates completed in 2023
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments feature updated kitchens, hardwood flooring and in-unit laundry.
Where is this duplex located?
The property is located at 3318 Illinois Avenue 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: Two‑unit duplex with 1,816 square feet of interior space; Both apartments have 2 bedrooms and 1 bathroom; Updates completed in 2023
