Occupied Brick
New
For Sale
$210,000
9 Concord Drive, Millstadt, IL 62260
Residential Income, Millstadt, IL
Property Size1,920 SF
Lot Size0.16 Acres
Price / SF$109.38
Days on Market3
Property Features for 9 Concord Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 4
Parking
1
Parking features
Carport
Lot features
Cul-De-Sac
Elementary school
MILLSTADT DIST 160
Middle school
MILLSTADT DIST 160
High school
Belleville High School-West
Elementary school district
Millstadt DIST 160
Middle school district
Millstadt DIST 160
High school district
Millstadt DIST 160
Directions
GPS FRIENDLY
Standard status
Active
APN
12-16.0-201-004
Size
1,920 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4804
Utilities
Utilities
Cable Available
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer hookups
additional storage
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Building materials
Brick, Wood Siding
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
Century 21 Advantage · Century 21 Real Estate
(618) 281-7621
Listed By:
Robert Knysak · License #475170786
(618) 979-7115
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 25 at 9:06AM
MLS# 26061544
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 1,920-square-foot duplex, built in 1979, contains two residential units with a practical ranch-style layout. Each unit has two bedrooms, one full bathroom, washer and dryer hookups, central air, and electric heat. Brick and wood siding form the exterior, while covered carport parking provides additional storage space. Public water service is available, along with cable service.
The property sits on a 0.1608-acre lot at 9 Concord Drive in Millstadt, Illinois, with an address in ZIP Code 62260. Both units are occupied, and the property is being sold as-is with no repairs from the seller. The asphalt roof was reportedly replaced approximately eight years ago.
The property sits on a 0.1608-acre lot at 9 Concord Drive in Millstadt, Illinois, with an address in ZIP Code 62260. Both units are occupied, and the property is being sold as-is with no repairs from the seller. The asphalt roof was reportedly replaced approximately eight years ago.
Key Highlights
- Two‑unit duplex with 1,920 square feet
- Each unit includes 2 bedrooms and 1 full bathroom
- Both units are occupied with tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,834
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,680
$316.7K
Cap Rate 7%
$226,200
$226.2K
Cap Rate 9%
$175,933
$175.9K
Market Conditions
NOI Build-Up for 1,920 SF
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.
Gross rent
$24.2K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$22.6K $11.78/SF
− OpEx
−$6.8K −$3.53/SF
NOI
$15.8K $8.25/SF
Area
St. Clair County, IL
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,680
Cap Rate 7%
$226,200
Cap Rate 9%
$175,933
Alternative Uses
Best Use
Multifamily LT 5
$226.2K
$197.9K – $263.9K
NOI $15,834 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$203.8K
$178.3K – $237.7K
NOI $14,264 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$454.5K
$397.7K – $530.3K
NOI $31,817 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 62260, IL
7,162
Population
2,863
Households
2.5
Avg Household Size
46
Median Age
31%
College-Educated
98%
High-School Grad
43.9 sq mi
ZIP Area
163
Density / Sq Mi
$93,929
Median Household Income
$52,766
Median Earnings
$1,000
Median Rent
$229,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 ranch-style units include covered carport parking, storage space, and tenant occupancy in place.
Where is this duplex located?
The property is located at 9 Concord Drive Millstadt, IL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,920 square feet; Each unit includes 2 bedrooms and 1 full bathroom; Both units are occupied with tenants in place
