Updated Brick
New
For Sale
$310,000
3425 Illinois Avenue St, Louis, MO 63118
Residential Income, St Louis, MO
Property Size2,292 SF
Lot Size0.07 Acres
Price / SF$135.25
Days on Market4
Property Features for 3425 Illinois Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 3, Bathroom 2, Dining Room, Bathroom 1, Bedroom 1
Parking features
On Street
Window features
Double Pane Windows
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Dining/Living Room Combo, Historic Millwork, Laminate Counters, Pantry
Exterior features
Permeable Paving
Fencing
Gate
Basement
Dirt Floor, Sump Pump, Unfinished, Interior Entry
Appliances
Dishwasher, Microwave, Free-Standing Gas Range, Free-Standing Refrigerator, Washer/Dryer, Gas Water Heater
Subdivision
Kaysers Add
Lot features
Back Yard, City Lot, Level, Near Public Transit
Elementary school
Monroe Elem.
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
Standard status
Active
APN
1555-00-0280-0
Size
2,292 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1985
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
shared laundry
fenced backyard
brick paver patio
easy street parking
Building Details
Year built
1885
Floors in Building
3
Number of units
2
Flooring type
Simulated wood, Tile - Ceramic
Building materials
Brick, Stone
Roof type
Tar/Gravel
Architectural style
Victorian
Listing Agency:
Worth Clark Realty
(314) 222-0065
Listed By:
Abbey Willen
(800) 991-6092
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 31 at 5:06AM
MLS# 26054536
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.
Investment Insights
Based on property information with market context.
This Victorian duplex at 3425 Illinois Avenue contains 2,292 square feet across three stories. The first-floor unit includes one bedroom and one bathroom and is currently tenant occupied. The second unit spans the upper two floors, with two bedrooms positioned on separate levels and two living areas. Shared basement laundry, a sump pump, central air, forced-air heating, and a gas water heater support the property’s practical layout.
The 1885 brick residence retains exposed brick, original panel doors, transom windows, and substantial historic millwork alongside updates to the roof, HVAC, electrical, plumbing, and windows. A fenced backyard, brick paver patio, and on-street parking add usable outdoor and parking amenities. The property is near Cherokee Street’s Antique Row, three parks within four blocks, public transportation, and I-44 and I-55.
The 1885 brick residence retains exposed brick, original panel doors, transom windows, and substantial historic millwork alongside updates to the roof, HVAC, electrical, plumbing, and windows. A fenced backyard, brick paver patio, and on-street parking add usable outdoor and parking amenities. The property is near Cherokee Street’s Antique Row, three parks within four blocks, public transportation, and I-44 and I-55.
Key Highlights
- 2,292‑square‑foot duplex on a 0.0706‑acre lot
- Built in 1885 with Victorian architecture and brick construction
- First‑floor 1‑bedroom, 1‑bath unit is currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,510
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,200
$490.2K
Cap Rate 7%
$350,143
$350.1K
Cap Rate 9%
$272,333
$272.3K
Market Conditions
NOI Build-Up for 2,292 SF
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.
Gross rent
$37.1K $16.20/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$35.0K $15.28/SF
− OpEx
−$10.5K −$4.58/SF
NOI
$24.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,200
Cap Rate 7%
$350,143
Cap Rate 9%
$272,333
Alternative Uses
Best Use
Multifamily LT 5
$350.1K
$306.4K – $408.5K
NOI $24,510 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,329 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$491.9K
$430.4K – $573.9K
NOI $34,433 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,235
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-story property pairs an occupied one-bedroom unit with a spacious upper unit featuring two bedrooms and flexible living areas.
Where is this duplex located?
The property is located at 3425 Illinois Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 2,292‑square‑foot duplex on a 0.0706‑acre lot; Built in 1885 with Victorian architecture and brick construction; First‑floor 1‑bedroom, 1‑bath unit is currently tenant occupied
