Solid Brick Apartment
For Sale
Contact for pricing
411 Gray Boulevard, East St Louis, IL 62205
Solid brick, 16-unit apartment building with separate electric meters and city water and sewer services.
Property Size8,540 SF
Price / SF$47.42
Days on Market77
Property Features for 411 Gray Boulevard
General Information
Standard status
Active
Size
8,540 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$71,545
Additional Details
Cap Rate
17.64%
Multifamily Units
16
Building Details
Year Built
1920
Buildings
1
Units
16
Listing Agency:
LOYD Realty
Listed By:
Eli Ahmadov · License #FL
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Aug 9 at 1:56PM
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 LOYD Realty
Investment Insights
Based on property information with market context.
This solid brick apartment building contains 16 units and is presented as having good occupancy. The property is set up with separate electric meters, supporting more individualized utility billing across units. City water and sewer service are also in place, which helps keep building operations straightforward.
The offering is for sale and is marketed with an emphasis on operating and maintenance costs. Public remarks also note the building is “inexpensive to operate and maintain” and highlight the separate metering setup as part of that utility structure.
For investors or owner-operators seeking a smaller multifamily asset, the combination of 16 rental units, separate electric meters, and city water and sewer can be practical for day-to-day management. Public remarks state the property management and financing may be available, and they also include a stated net return figure of 17.64% on investment. Interested parties should verify income, expenses, occupancy, and all financing or management terms directly with the seller or listing team.
The offering is for sale and is marketed with an emphasis on operating and maintenance costs. Public remarks also note the building is “inexpensive to operate and maintain” and highlight the separate metering setup as part of that utility structure.
For investors or owner-operators seeking a smaller multifamily asset, the combination of 16 rental units, separate electric meters, and city water and sewer can be practical for day-to-day management. Public remarks state the property management and financing may be available, and they also include a stated net return figure of 17.64% on investment. Interested parties should verify income, expenses, occupancy, and all financing or management terms directly with the seller or listing team.
Key Highlights
- 16‑unit solid brick apartment building
- Year built: 1920
- Separate electric meters
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 62205, IL
6,682
Population
3,792
Households
1.8
Avg Household Size
42
Median Age
19%
College-Educated
84%
High-School Grad
6.4 sq mi
ZIP Area
1,044
Density / Sq Mi
$41,059
Median Household Income
$30,846
Median Earnings
$1,015
Median Rent
$46,200
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?
Apartment building - Solid brick, 16-unit apartment building with separate electric meters and city water and sewer services.
Where is this apartment building located?
The property is located at 411 Gray Boulevard East St Louis, IL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 16‑unit solid brick apartment building; Year built: 1920; Separate electric meters
