Two-Unit Brick
474 Monticello Place, Edwardsville, IL 62025
For Sale
New
$499,000
Both residences include first-floor laundry, private rear yard space, and individual two-car garages.
Property Size2,864 SF
Price / SF$174.23
Days on Market5
Property Features for 474 Monticello Place
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
first-floor laundry
private rear yard
Building Details
Year Built
Buildings
Listing Agency:
Tarrant And Harman Real Estate And Auction Co
Listed By:
Strait Realty
(314) 441-4444
Source:
Straitrealty
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 7:51AM
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 Tarrant And Harman Real Estate And Auction Co
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Investment Insights
Based on property information with market context.
This 2003 brick-front duplex contains two residences of approximately 1,400 square feet each. Both units have two bedrooms, first-floor laundry, and a separate two-car garage. Private rear yard space serves each side, and the property totals 2,864 square feet.
Shopping, schools, and SIUE are nearby. The two-unit configuration offers an option for an owner-occupant or an investor seeking rental income.
Shopping, schools, and SIUE are nearby. The two-unit configuration offers an option for an owner-occupant or an investor seeking rental income.
Key Highlights
- Two units of approximately 1,400 square feet each
- Two bedrooms and first‑floor laundry in each residence
- Separate two‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,097
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,940
$421.9K
Cap Rate 7%
$301,386
$301.4K
Cap Rate 9%
$234,411
$234.4K
Market Conditions
NOI Build-Up for 2,864 SF
Gross rent
$32.6K $11.40/SF
− Vacancy
−$2.5K −$0.88/SF
EGI
$30.1K $10.52/SF
− OpEx
−$9.0K −$3.16/SF
NOI
$21.1K $7.37/SF
Area
Madison County, IL
Vacancy
7.69%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,940
Cap Rate 7%
$301,386
Cap Rate 9%
$234,411
Alternative Uses
Best Use
Multifamily LT 5
$301.4K
$263.7K – $351.6K
NOI $21,097 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$780.6K
$683.1K – $910.8K
NOI $54,645 @ 7.0% cap · market cap 10.95%
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
456
Businesses Nearby
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Business Placement
Demographics for 62025, IL
35,229
Population
14,347
Households
2.5
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
112.2 sq mi
ZIP Area
314
Density / Sq Mi
$103,300
Median Household Income
$54,529
Median Earnings
$1,215
Median Rent
$295,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Madison County, IL
Properties on Market for Duplexes in Madison County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include first-floor laundry, private rear yard space, and individual two-car garages.
Where is this duplex located?
The property is located at 474 Monticello Place Edwardsville, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two units of approximately 1,400 square feet each; Two bedrooms and first‑floor laundry in each residence; Separate two‑car garage for each unit
