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Property profile & analytics
OFF-MARKET
Multifamily properties

17 Kensington Heights Rd Belleville, IL 62226

1.24 ac lot Built 1979
Property ID
US28-1481569
Property summary
AI-generated overview

This exceptional investment opportunity presents a 36-unit apartment complex ideally situated at 17 Kensington Heights in Belleville, Illinois. The property sits on a substantial 1.24-acre lot, offering ample space and potential for future development or expansion. Currently operating as a multi-family residential building, this complex presents a strong cash flow opportunity for savvy investors. The property's size and location within Belleville make it an attractive proposition for both seasoned investors and those new to the multi-family market. The substantial land area provides flexibility for future improvements or additions, allowing for potential rental income growth. Detailed financial records are available upon request, providing a comprehensive overview of the property's performance and profitability. This is a turnkey investment, ready for immediate income generation. The property's location in Belleville offers convenient access to local amenities, transportation routes, and a thriving community. This represents a rare chance to acquire a well-established, income-producing asset in a desirable market. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Don't miss out on this chance to secure a significant return on your investment in the robust Belleville real estate market. The property is priced competitively at $2,500,000, reflecting its strong potential for appreciation and consistent rental income. Further details regarding the property's financial performance and operational history are available upon request.

Property profile
Verified
Property type Multifamily properties
Year built 1979
Lot 1.24 ac (54,014 SF)
UPID US28-1481569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Iz r Aint Entertainment LLC Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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