1460 Morgan Street

Swansea, IL 62226

$1,650,000
Price
—
Beds
7,800 Sq. Ft.
$212 / Sq. Ft.
7,800
Sq. Ft.
$212
per Sq. Ft.

Description

Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan...Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan has storage lockers for tenants. 10 x 12 storage shed on site for property manager use. Owner has meticulously maintained the property with routine maintenance as needed over the years. City of Swansea Occupancy inspections have been completed with each vacancy. Don't miss your chance to own a significant income asset with excellent potential. Properties to be sold together and not separately.
  1. Listed by Betsy Butler • Re/Max Alliance
  2. Listed by Karen Marcus • Re/Max Alliance

Amenities

  • Air Conditioning
  • Forced Air
  • Laundry
  • Laundry in Building
  • Parking Included
  • Parking Lot
  • Storage Shed
LISTING UPDATED: 11/21/2024 01:59 PM

Property Details for 1460 Morgan Street

StatusActive
MLS #24071786
Days on Market3
Taxes$25,093 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1972
Lot Size1.07 AC / 46,609 SF
CountySt. Clair County

Building Information for 1460 Morgan Street

Stories-Residences24Year Built1972Building Size-Lot Size1.07 AC / 46,609 SF

Property Information for 1460 Morgan Street

Summary
Location and General Information
  • City: Swansea
  • County Or Parish: St Clair-IL
  • Latitude: 38.533879
  • Longitude: -89.997683
  • Location: Suburban
  • Postal Code: 62226
  • State Or Province: IL
  • Sub division Name: n/a
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Prop Asses City Tax: 1
  • Parcel Number: 08-16.0-303-012, 08-16.0-303-013
  • Tax Annual Amount: $25,093.00
  • Tax Legal Description: SURVEYORS PLAT OF SEC 16-1-8 LOT/SEC-67 PT LOT 2 & PT LOT 67 & 68 AS IN BK 2605- 586, SURVEYORS PLAT
  • Tax Year: 2023
Owner
  • Township: Swansea
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1, Guest Parking, Parking Lot
School Information
  • Elementary School: HIGH MOUNT DIST 116
  • High School: Belleville High School-West
  • High School District: High Mount DIST 116
  • Middle Or Junior School: HIGH MOUNT DIST 116
Property
Lot Information
  • Lot Size Acres: 1.07
  • Lot Size Dimensions: 1.07
  • Lot Size Source: County Records
  • Lot Size Square Feet: 46609.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 7800.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 3
  • Photos Count: 29
  • Videos Count: 0
  • Year Built: 1972
  • Disclosures: Unknown,Sellers Discl Not Av
  • Age: 52
  • Construction Materials: Brick Veneer, Concrete
  • Ownership Type: Owner by Contract
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Electric
  • Cable Available: 1
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Coin Operated, Common Laundry
Multi Family
Multi-Family Information
  • Number Of Units Total: 24
  • One Bed Unit Includes: 4 Rooms,Living/Great Room,Refrigerator,Range/Oven
  • Bedroom number of Units: 3
  • TYPE: Apartment Complex,Apt Bldg/Interior En
  • Two Bed Unit Includes: 5 Rooms,Kitchen W/Brkfst,Living/Great Room,Refrigerator,Range/Oven
  • Two Bed Unit Units: 21
Income & Expenses
  • Net Operating Income: $136,019.00
  • Total Expenses: 66405.00
Unit 1
  • Unit Bedroom 1: 11 x 14
  • Unit Breakfast: 11 x 9
  • Unit Kitchen: 8 x 11
  • Unit Living: 14 x 17
Unit 2
  • Unit Bedroom 1: 11 x 14
  • Unit Bedroom 2: 10.5 x 11
  • Unit Breakfast: 11 x 9
  • Unit Kitchen: 8 x 11
  • Unit Living: 14 x 17
Rental
Rent Information
  • Lease Term: Leases
  • Sub Lease: 0
  • Tenant Pays: Electricity, Sewer, Water

Property History for 1460 Morgan Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1460 Morgan Street

Taxable ValueLand$12,463Additions$138,439Total$150,902
Tax Record2023$12,904 ($1,075 / month)
Home Facts
Total Finished SqFt3,900 SqFtAbove Grade Finished SqFt3,900 SqFtLot Size30,928 SqFtStyleMulti-Family Res (5+ Units)Year Built1977CountyST. CLAIRAPN08-16-0-303-013

Schools near 1460 Morgan Street

This home is within Belleville Twp Hsd 201 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
High Mount Elementary School
PublicPK to 8

Belleville High School-West
Public9 to 12

Belleville High School-East
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1460 Morgan Street is a multi-family home for sale in Swansea, IL 62226. This property was listed for sale on November 21, 2024 by Re/Max Alliance, it's currently listed at $1,650,000. This listing's school districts are Belleville Twp Hsd 201 School District, High Mount School District 116. Nearby schools include High Mount Elementary School, Belleville Twp High School-Night/Alt School and Belleville High School-West. 1460 Morgan Street is a 0-bed, 0-bath, 7,800 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Alliance

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.