Duplex with Two-Car
New
For Sale
$499,000
474 Monticello Place, Edwardsville, IL 62025
Residential Income, Edwardsville, IL
Property Size2,864 SF
Lot Size0.49 Acres
Price / SF$174.23
Days on Market1
Property Features for 474 Monticello Place
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 4, Basement
Appliances
Dishwasher, Disposal, Microwave, Range, Electric Range, Gas Range, Refrigerator, Water Heater, Gas Water Heater
Subdivision
Montclaire Woods 1st Add
Elementary school
EDWARDSVILLE DIST 7
Middle school
EDWARDSVILLE DIST 7
High school
Edwardsville
Elementary school district
Edwardsville DIST 7
Middle school district
Edwardsville DIST 7
High school district
Edwardsville DIST 7
Standard status
Active
APN
14-2-15-24-01-104-020
Size
2,864 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MONTCLAIRE WOODS 1ST ADDN LOT 14 97.5 X 219.67
Tax Annual Amount
11280
Legal Description
MONTCLAIRE WOODS 1ST ADDN LOT 14 97.5 X 219.67
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2003
Floors in Building
1
Number of units
2
Building materials
Brick Veneer, Vinyl Siding
Roof type
Asphalt
Architectural style
Ranch
Buildings
1
Listing Agency:
Gloria Fields Realty
Listed By:
Gloria Fields
(618) 779-9601
Added: Nov 1
Last Checked: Nov 1 at 9:06PM
MLS# 26065443
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.
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.
Built in 2003, this ranch-style duplex contains 2,864 square feet across two residences, each with approximately 1,400 square feet and two bedrooms. Both units have first-floor laundry and a two-car garage. Brick veneer and vinyl siding complement central air and natural gas forced-air heat. The property also includes a 0.4917-acre lot and private rear yard areas.
Shopping, schools, and SIUE are nearby. Appliance features include a dishwasher, disposal, microwave, range, and refrigerator.
Shopping, schools, and SIUE are nearby. Appliance features include a dishwasher, disposal, microwave, range, and refrigerator.
Key Highlights
- Two residences, each with approximately 1,400 square feet and two bedrooms
- 2,864‑square‑foot building on a 0.4917‑acre lot
- A two‑car garage serves each residence
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.
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
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
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
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 - Both residences feature first-floor laundry and private rear-yard space.
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 residences, each with approximately 1,400 square feet and two bedrooms; 2,864‑square‑foot building on a 0.4917‑acre lot; A two‑car garage serves each residence
