317 Bissell Ave, Collinsville, IL 62234

This exceptional Collinsville, IL property at 317 Bissell Avenue presents a unique investment opportunity. Listed at $71,000, this 14,802 square foot lot offers the potential to create a substantial multifamily income stream. Currently a stripped-down structure, the property boasts a newer roof, providing a solid foundation for your vision. The existing framework allows for the creation of multiple units; a potential layout includes one three-bedroom, two-bathroom unit and additional two-bedroom, one-bathroom units. Preliminary estimates suggest a potential monthly rental income of approximately $3800. The property is classified as multifamily, land, and is specifically categorized as an apartment building, commercial, and duplex/triplex/quadruplex. Located in Madison County, IL, with a zip code of 62234, this property is situated at 38.6858515 latitude and -89.9832335 longitude. While currently having zero units, the significant lot size and existing structure present a remarkable chance to develop a profitable multifamily property in a desirable location. This is a rare opportunity to acquire a property with significant upside potential at an attractive price point. Act quickly to secure this promising investment.