339 H St Belleville, IL 62226
- Apartment buildings
- 6,240 SF
- 0.64 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 339 H St
- Year built
- 1974
- Lot size
- 0.64 lot acres
- Property size
- 6,240 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents four all-brick duplexes situated on contiguous parcels in Belleville, IL. The property, built in 1974, comprises eight units totaling 6,240 square feet on a 0.64-acre lot. Each unit boasts two bedrooms, a spacious kitchen, ample living area, laundry hookups, and covered parking. Recent rent increases, currently ranging from $675 to $800 per month, leave significant room for growth, aligning with market rates of $850-$950. All four roofs were replaced in 2023, minimizing maintenance concerns. Tenants are responsible for all utilities, and cost-effective lawn care further enhances profitability. The property enjoys a strong net operating income (NOI) of $33,138, with an asking price of $675,000 ($108 per square foot). This Class C multifamily property offers low maintenance, solid returns, and significant upside potential, making it an ideal investment in a thriving market. The property's address is 339 W H St, Belleville, IL 62226, and the APN is 08-21.0-212-028. This is a privately owned, eight-unit apartment building with one story in four buildings.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9905
- Latitude
- 38.5234
