Single-Level
New
For Sale
$250,000
501 Longfellow Street, Bethalto, IL 62010
Residential Income, Bethalto, IL
Property Size1,440 SF
Lot Size0.21 Acres
Price / SF$173.61
Days on Market3
Property Features for 501 Longfellow Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking features
Carport, Driveway
Window features
Double Pane Windows, Blinds
Patio and Porch features
Porch
Interior features
Entrance Foyer, Open Floorplan
Exterior features
No Step Entry, Private Entrance
Appliances
Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
Subdivision
Kelseys James E First Add
Lot features
City Lot
Elementary school
BETHALTO DIST 8
Middle school
BETHALTO DIST 8
High school
Bethalto
Elementary school district
Bethalto DIST 8
Middle school district
Bethalto DIST 8
High school district
Bethalto DIST 8
Directions
140 to S Prairie St., to E Central St. to Longfellow
Standard status
Active
APN
15-2-09-06-13-305-014
Size
1,440 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3197
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Aluminum Siding, Brick Veneer
Roof type
Shingle
Architectural style
Ranch
Buildings
1
Listing Agency:
Coldwell Banker Brown Realtors · Coldwell Banker Real Estate
(618) 465-2966
Listed By:
Tricia Sisk · License #475126803
(618) 791-5510
Added: Oct 27
Changed: Oct 29
Last Checked: Oct 29 at 6:06PM
MLS# 26068242
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.
This 1,440-square-foot duplex, built in 1980, contains two single-level residences of approximately 720 square feet each. Both have two bedrooms, a full bathroom, a living room connected to the kitchen, a carport, and a shed. Kitchen appliances and a washer and dryer are included in each unit. The property occupies 0.207 acres.
One residence is vacant, while the other is occupied under a one-year lease that must be honored. Improvements include a roof installed in 2025 and water heaters replaced in 2025 and 2026. The furnaces date to 2019 and 2010, and the air-conditioning systems are approximately 16 years old.
Bethalto Park is directly across the street, with lighted tennis and pickleball courts, a playground, and the Bethalto Senior Services Center.
One residence is vacant, while the other is occupied under a one-year lease that must be honored. Improvements include a roof installed in 2025 and water heaters replaced in 2025 and 2026. The furnaces date to 2019 and 2010, and the air-conditioning systems are approximately 16 years old.
Bethalto Park is directly across the street, with lighted tennis and pickleball courts, a playground, and the Bethalto Senior Services Center.
Key Highlights
- 1,440‑square‑foot duplex with two approximately 720‑square‑foot residences
- Each unit has 2 bedrooms, a full bathroom, living room, kitchen, carport, and shed
- One unit is vacant; the other has a one‑year lease that must be honored
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,608
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,160
$212.2K
Cap Rate 7%
$151,543
$151.5K
Cap Rate 9%
$117,867
$117.9K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$16.4K $11.40/SF
− Vacancy
−$1.3K −$0.88/SF
EGI
$15.2K $10.52/SF
− OpEx
−$4.5K −$3.16/SF
NOI
$10.6K $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%
$212,160
Cap Rate 7%
$151,543
Cap Rate 9%
$117,867
Alternative Uses
Best Use
Multifamily LT 5
$151.5K
$132.6K – $176.8K
NOI $10,608 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$142.2K
$124.5K – $166.0K
NOI $9,957 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$392.5K
$343.4K – $457.9K
NOI $27,475 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
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Business Placement
Demographics for 62010, IL
10,847
Population
5,163
Households
2.1
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
21.2 sq mi
ZIP Area
512
Density / Sq Mi
$72,717
Median Household Income
$46,689
Median Earnings
$896
Median Rent
$170,000
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 - Each residence includes two bedrooms, a full bath, and a carport.
Where is this duplex located?
The property is located at 501 Longfellow Street Bethalto, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,440‑square‑foot duplex with two approximately 720‑square‑foot residences; Each unit has 2 bedrooms, a full bathroom, living room, kitchen, carport, and shed; One unit is vacant; the other has a one‑year lease that must be honored
