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    Millstadt, IL
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    Millstadt, IL Multifamily Properties for Sale

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    Columbia, IL Belleville, IL Swansea, IL Smithton, IL East St Louis, IL Cahokia, IL Waterloo, IL Dupo, IL
    Victorian Four-Unit Income Property
    Updated: Apr 26
    Victorian Four-Unit Income Property

    23 W Laurel Street, Millstadt, IL 62260

    $385,000
    1,896 sqft 0.26 AC lot
    Victorian home converted into 4 separate apartments with gross monthly income of $3,625 and net monthly income of $2,413
    Income includes 2‑car garage rental estimated at $100–$150/month for additional potential
    Unit mix: three 1‑bedroom/1‑bath units plus one 2‑bedroom/1‑bath unit
    Separate electric meters for each unit, with refrigerators and free‑standing electric oven/range included
    Roof on main house is less than 10 years old; new garage roof in 2026 and new siding in 2016
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    This listing looks promising.

    Here's a quick look at some key insights for

    23 W Laurel Street, Millstadt, IL 62260

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    • Est. Cap Rate

      4.1%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $223K
      Suggested

    • Property Type

      Duplex
      Built 1902
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    3-Unit Income Triplex Property
    Updated: May 22
    3-Unit Income Triplex Property

    25 Blackburn Manor, Millstadt, IL 62260

    $399,900
    1,256 sqft 0.26 AC lot
    3‑unit multifamily (triplex) with current rents of $850, $850, and $1,250 per month
    Brick construction with forced‑air heating and central air (plus ceiling fans)
    Parking lot parking
    Built in 1979
    Public water source
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    Mixed Use - Millstadt, IL
    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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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Millstadt, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Downtown Mixed-Use Corner Building
    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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    Two-Unit Income Duplex with Bonus Lot
    Two-Unit Income Duplex with Bonus Lot

    3312 Market Avenue, East St Louis, IL 62207

    Contact for pricing
    2,520 sqft 0.28 AC lot

    Duplex with estimated 6-bedroom configuration plus adjacent vacant land sold together for flexible income and renovation planning.

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    Belleville Investment Property For Sale
    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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    Two-Family Income Property with Cellar Laundry
    Two-Family Income Property with Cellar Laundry

    544 N 29th Street, East St Louis, IL 62205

    $38,000
    1,260 sqft 0.15 AC lot

    Fully occupied two-unit residence offers separate 2- and 3-bedroom layouts with shared cellar laundry and storage.

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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
    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
    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
    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
    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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    Millstadt, IL Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Millstadt, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 19,705 square feet of properties for sale, with an estimated market value of $1,334,900.

    Sale prices for multifamily properties in Millstadt, IL start at $385,000, averaging $444,966, and reaching up to $550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 1
    Triplexes 1

    Demographics Overview

    Population 6,518
    Population Growth (5Y) -12.0%
    Median Household Income $93,929
    College Educated 43.5%

    High-Yield Neighborhoods for Investment

    Identify Millstadt submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62260 $445K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Clair County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Clair County

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