Belleville, IL Multifamily Properties for Sale

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Updated: Apr 4

Three-Unit Residential Income Property

23 N 11th Street, Belleville, IL 62220

$139,900

2,584 sqft 0.14 AC lot

3‑unit building with each unit on its own level
2 upper units occupied by long‑term tenants; main level unit rented as of March 2026
Full walk‑up basement for storage only; two‑level foyer
Brick Victorian construction with shingle roof
Forced‑air heating with cooling via window/wall unit(s) that vary by unit

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Updated: May 21

17-Unit Condo Income Portfolio

O Fallon, IL 62269

$1,520,000

Fully leased 17‑unit income‑producing condominium portfolio in Eagle Ridge Condominiums (all 17 units occupied).
Unit mix includes one- and two‑bedroom residences across multiple phases.
All units feature fireplaces; select residences offer vaulted ceilings.
Community amenities include a pool and clubhouse.
HOA‑managed exteriors cover exterior building maintenance except windows and doors; many roofs, stairways, and siding sections have been replaced or are being updated.

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Duplex with Two 1-Bed Units

315 N 4th St, Belleville, IL 62220

$120,000

1,802 sqft

Duplex offers two 1-bedroom, 1-bath units with one currently occupied and one vacant for flexible next steps.

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Multifamily Apartment Building with Parking

2293 Frank Scott Parkway West, Belleville, IL 62223

$660,000

9,134 sqft

Multifamily apartment building along Frank Scott Parkway West with ample parking and convenient access for multiple commercial uses.

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Downtown Mixed-Use Corner Building

1926 W Main Street, Belleville, IL 62226

$444,000

0.20 AC lot

Brick mixed-use corner property with leased ground-floor restaurant and two apartments above.

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Multifamily Income Property

1214 Lebanon Avenue, Belleville, IL 62221

$80,000

1,672 sqft 0.41 AC lot

For sale multifamily income property on 0.41 acres with 1,672 square feet in Belleville, IL 62221.

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Belleville Investment Property For Sale

1926 W Main St, Belleville, IL

$444,000

5,340 sqft 0.27 AC lot

Turn-key investment property in downtown Belleville with income potential.

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Stabilized Condo Portfolio in O’Fallon

O Fallon, IL 62269

$1,520,000

17-unit portfolio in O’Fallon, Illinois, with $233K gross income.

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Belleville Redevelopment Opportunity

29 N 64th St, Belleville, IL 62223

$75,000

40,896 sqft

Versatile property in Belleville, IL, ideal for redevelopment.

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Based on your search, we've compiled 37 Potential Opportunities for your consideration. Besides 9 Active listings in Belleville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 20 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Victorian Four-Unit Income Property

23 W Laurel Street, Millstadt, IL 62260

$385,000

1,896 sqft 0.26 AC lot

Four-apartment Victorian-style property with separate electric meters and updated kitchens and baths.

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Two-Unit Residential Income Duplex

528 E Main Street, Collinsville, IL 62234

$160,000

1,923 sqft 0.18 AC lot

Two-unit duplex with detached 1-car garage offers a practical setup for owner-occupants and rental investors.

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Mixed Use - Millstadt, IL

105 S Jefferson St, Millstadt, IL 62260

$550,000

16,553 sqft 0.38 AC lot

Turnkey restaurant and multi-unit income property on a high-visibility corner.

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Retail and Apartment Building

517 W Clay St, Collinsville, IL

$135,000

2,785 sqft 0.12 AC lot

Retail space with attached greenhouse and a two-bedroom apartment.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000

2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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Residential Lot in Park Hills

226 N Large Street, Park Hills, MO 63601

Contact for pricing

0.26 AC lot

Corner lot suitable for building or mobile home placement.

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Ozark Land with Creek Frontage

Madsion CR 410 (116), Fredericktown, MO 63645

$34,995

1.65 AC lot

1.65+/- acre property with Twelve Mile Creek frontage.

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Heavily Wooded Corner Land Tract

Hidden Valley Lakes lot: Ee&Ee(S), Annapolis, MO 63620

$52,000

8.89 AC lot

Corner access tract with level, lightly cleared area for RV, tiny, or mobile use within a wooded setting.

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Off-Market Properties in Belleville, IL

Consider similar Off-Market properties in Belleville, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.