Two-Unit Residential Income
For Sale
$69,900
516 N Old Edwardsville Road, Roxana, IL 62084
Residential Income, Roxana, IL
Property Size1,886 SF
Lot Size0.19 Acres
Price / SF$37.06
Days on Market88
Property Features for 516 N Old Edwardsville Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2
Parking features
Off Street, Garage
Appliances
Gas Water Heater
Subdivision
Central Pl/Revised
Elementary school
ROXANA DIST 1
Middle school
ROXANA DIST 1
High school
Roxana
Elementary school district
Roxana DIST 1
Middle school district
Roxana DIST 1
High school district
Roxana DIST 1
Standard status
Active
APN
19-2-08-27-19-402-046
Size
1,886 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2022
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1964
Number of units
2
Listing Agency:
Keller Williams Marquee · Keller Williams Realty
(618) 876-0024
Listed By:
Jeb Blasingame · License #471.012922
(618) 307-5616
Added: May 27
Changed: Aug 19
Last Checked: Aug 22 at 6:06PM
MLS# 25026936
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.
Investment Insights
Based on property information with market context.
This property at 516 N Old Edwardsville Road is a two-unit residential income building with both homes currently occupied by long-term tenants on month-to-month leases. The front home features 2 bedrooms and 1 bathroom, while the rear home offers 1 bedroom and 1 bathroom. The combined property size is listed as 1,886 square feet, and the lot is listed at 0.1894 acres.
The address is in Roxana, Illinois, in Madison County. Public remarks note convenient proximity to highways, shopping, restaurants, and schools.
For buyers seeking an income-producing residential asset, the current tenancy and month-to-month lease structure may appeal to those looking for tenant-occupied units rather than a vacant property. The unit mix provides flexibility for residential renters, with a larger 2-bedroom/1-bath layout in the front and a smaller 1-bedroom/1-bath configuration in the rear. Buyer is advised to verify all information during due diligence.
The address is in Roxana, Illinois, in Madison County. Public remarks note convenient proximity to highways, shopping, restaurants, and schools.
For buyers seeking an income-producing residential asset, the current tenancy and month-to-month lease structure may appeal to those looking for tenant-occupied units rather than a vacant property. The unit mix provides flexibility for residential renters, with a larger 2-bedroom/1-bath layout in the front and a smaller 1-bedroom/1-bath configuration in the rear. Buyer is advised to verify all information during due diligence.
Key Highlights
- Two- home property: front unit has 2 bed/1 bath and rear unit has 1 bed/1 bath
- Both homes are occupied by long‑term tenants on month‑to‑month leases
- Year built: 1964
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 62084, IL
1,520
Population
789
Households
1.9
Avg Household Size
39
Median Age
19%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
330
Density / Sq Mi
$64,375
Median Household Income
$36,094
Median Earnings
$949
Median Rent
$104,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units with month-to-month tenants offer a straightforward residential income setup.
Where is this duplex located?
The property is located at 516 N Old Edwardsville Road Roxana, IL.
What is the asking price?
The asking price for this property is $69,900.
What are key features of this property?
This property features: Two- home property: front unit has 2 bed/1 bath and rear unit has 1 bed/1 bath; Both homes are occupied by long‑term tenants on month‑to‑month leases; Year built: 1964
