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    Millstadt, IL
    Quadplex

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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
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Millstadt, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Historic Brick Fourplex with Updates
    Historic Brick Fourplex with Updates

    4127 Virginia Avenue, St, Louis, MO 63118

    $249,900
    3,472 sqft 0.14 AC lot

    Fourplex with two leased units, two vacant units, off-street parking, and recent exterior and interior improvements.

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    Renovated Four-Unit Quadplex
    Renovated Four-Unit Quadplex

    3956 Pennsylvania Avenue, St, Louis, MO 63118

    $359,900
    2,886 sqft 0.06 AC lot

    Turnkey four-unit rental with updated 2 bed/1 bath interiors and major system replacements completed in 2024-2025.

    View details
    Four-Family Brick Building
    Four-Family Brick Building

    5507 Virginia Avenue, St, Louis, MO 63111

    $210,000
    3,234 sqft 0.09 AC lot

    Four separate units with independent utilities and entrances offer rental income flexibility for investors or owner-occupants.

    View details
    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    3215 Osceola Street, St, Louis, MO 63111

    $242,500
    3,420 sqft 0.07 AC lot

    Fully occupied 4-unit building with four 1-bed, 1-bath apartments generating stated gross monthly rent.

    View details

    Millstadt, IL Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Millstadt, IL on our real estate platform. These investment opportunities span a total of 1,896 square feet of properties for sale, with an estimated market value of $385,000.

    Sale prices for four-unit buildings in Millstadt, IL start at $385,000, averaging $385,000, and reaching up to $385,000 — 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%

    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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