506 N 17th Street, Belleville, IL 62226
2-4 Units - Belleville, IL
- Added:
- Jun 17, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 17 at 7:06 pm
Property Features for 506 N 17th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Driveway, Garage
- Basement Y/N
- 1
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 08-21.0-111-006
- Size
- 1,865 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 3339
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1907
- Number of units
- 3
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jake Kline License #475184727 (618) 960-3442
Listing office Real Broker LLC 50 S Main Street Suite 200, Naperville, IL (630) 423-5891
Listing date Jun 17, 2026
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.
HighLights
- Three‑unit turnkey investment property with current rents of $750, $650, and $900 per unit
- Each unit has its own meter; tenants pay their own electricity, while water/sewer and trash are included in rent
- All new flooring and paint, plus new appliances
- New lower level HVAC and newer electric with 3 separate 100‑amp services and 3 separate furnaces
- 2 units have window A/C; cooling includes central air plus wall/window unit(s)
- Basement is included; vinyl siding with shingle roof; garage holds up to 6 cars and has been used as a workshop
Overview
The property is located at 506 N 17th Street in Belleville, Illinois (St. Clair County). A garage on site is described as holding up to six cars and has previously been used as a workshop.
The current setup makes the building practical for an owner-occupant who wants to offset housing expenses with rental income, while also supporting a straightforward investor model with three distinct units. Each unit is currently rented for $750, $650, and $900, respectively. With multiple updated mechanical and electrical components and separate utility responsibility for electricity, the property is positioned to reduce day-to-day operational complexity for the next owner.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.5k | $12.60 |
| − Vacancy | −$1.5k | −$0.82 |
| EGI | $22.0k | $11.78 |
| − OpEx | −$6.6k | −$3.53 |
| NOI | $15.4k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St. Clair
- State
- Illinois
- Longitude
- -90.0015947
- Latitude
- 38.5205249
