Belleville, IL Residential Income Properties for Sale

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Updated: May 13, 2025

Belleville Investment Property For Sale

1926 W Main St, Belleville, IL

$444,000

5,340 sqft 0.27 AC lot

Turn‑key investment property with existing rental income from a Mexican restaurant and two apartments.
Prime location in downtown Belleville, IL, near major developments and high traffic.
Solid brick building with recent upgrades including a new A/C unit and roof.
On‑site paved and lighted parking lot with 8 spaces.
Opportunity to generate additional income from the unfinished 1,800 sq ft of first‑floor space.

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This listing looks promising.

Here's a quick look at some key insights for

1926 W Main St, Belleville, IL

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$40K
Annual
Price @ 7% Cap

$567K
Above asking
Property Type

Commercial (General)
Built 1877

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Updated: Apr 4

Three-Unit Residential Income Property

23 N 11th Street, Belleville, IL 62220

$139,900

2,584 sqft 0.14 AC lot

3‑unit building with each unit on its own level
2 upper units occupied by long‑term tenants; main level unit rented as of March 2026
Full walk‑up basement for storage only; two‑level foyer
Brick Victorian construction with shingle roof
Forced‑air heating with cooling via window/wall unit(s) that vary by unit

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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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Duplex with Two 1-Bed Units

315 N 4th St, Belleville, IL 62220

$120,000

1,802 sqft

Duplex offers two 1-bedroom, 1-bath units with one currently occupied and one vacant for flexible next steps.

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Multifamily Apartment Building with Parking

2293 Frank Scott Parkway West, Belleville, IL 62223

$660,000

9,134 sqft

Multifamily apartment building along Frank Scott Parkway West with ample parking and convenient access for multiple commercial uses.

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Multifamily Income Property

1214 Lebanon Avenue, Belleville, IL 62221

$80,000

1,672 sqft 0.41 AC lot

For sale multifamily income property on 0.41 acres with 1,672 square feet in Belleville, IL 62221.

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17-Unit Condo Income Portfolio

O Fallon, IL 62269

$1,520,000

Fully leased 17-unit condominium portfolio with one- and two-bedroom layouts, fireplaces, and community pool and clubhouse access.

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Highway 50 Development Opportunity

O Fallon, IL 62269

$546,250

1.42 AC lot

1.42 acres on Highway 50 in O'Fallon, Illinois.

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Stabilized Condo Portfolio in O’Fallon

O Fallon, IL 62269

$1,520,000

17-unit portfolio in O’Fallon, Illinois, with $233K gross income.

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Belleville Redevelopment Opportunity

29 N 64th St, Belleville, IL 62223

$75,000

40,896 sqft

Versatile property in Belleville, IL, ideal for redevelopment.

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8-Unit Multifamily Building

7700 W Main St, Belleville, IL 62223

Contact for pricing

Eight 1-bed, 1-bath units with tenant-paid utilities, plus a drive-in basement with two 16-foot overhead doors.

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Based on your search, we've compiled 47 Potential Opportunities for your consideration. Besides 11 Active listings in Belleville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 Off-Market properties to explore as potential leads, 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.

Victorian Four-Unit Income Property

23 W Laurel Street, Millstadt, IL 62260

$385,000

1,896 sqft 0.26 AC lot

Four-apartment Victorian-style property with separate electric meters and updated kitchens and baths.

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3-Unit Income Triplex Property

25 Blackburn Manor, Millstadt, IL 62260

$399,900

1,256 sqft 0.26 AC lot

Three-unit multifamily investment property with existing rental income and a turnkey, AS-IS sale.

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Two-Unit Residential Income Duplex

528 E Main Street, Collinsville, IL 62234

$160,000

1,923 sqft 0.18 AC lot

Two-unit duplex with detached 1-car garage offers a practical setup for owner-occupants and rental investors.

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Retail and Apartment Building

517 W Clay St, Collinsville, IL

$135,000

2,785 sqft 0.12 AC lot

Retail space with attached greenhouse and a two-bedroom apartment.

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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.

Waterford Place Gated Community Lot

1232 Carleton Lane, Shiloh, IL 62221

$105,000

1.57 AC lot

1.5 acre lot in gated community with lake view.

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Residential Land in Gated Community

1214 Carleton Lane, Shiloh, IL 62221

$95,000

1.68 AC lot

1.68 acre corner lot in Waterford Place, Shiloh, IL

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Belleville Land Ready to Build

22 Elizabeth Drive, Belleville, IL 62226

Contact for pricing

0.27 AC lot

Cleared corner lot near amenities, ready for construction.

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Residential Land in Belleville, IL

321 S Jackson Street, Belleville, IL 62220

Contact for pricing

0.07 AC lot

Vacant lot near shops, dining, parks, and public transit.

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Off-Market Properties in Belleville, IL

Consider similar Off-Market properties in Belleville, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.