320 West H Street

Belleville, IL 62226

$320,000
Price
Beds
Baths
5,760 Sq. Ft.
$56 / Sq. Ft.
5,760
Sq. Ft.
$56
per Sq. Ft.

Description

Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors an exceptional...Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors an exceptional opportunity to increase cash flow and build equity quickly. Owner covers W/S/T Cap rate: 5.96% Rents: 765, 575, 503 (sec 8 assisted), 675, 630 (sec 8 assisted), 675, 675, 775. Whether purchased individually or as part of a package (see MLS#:24073227), this property is poised for growth. Don’t miss out on this incredible chance to expand your portfolio!
  1. Listed by Christopher Kelly • Real Broker LLC

Amenities

  • Air Conditioning
  • Forced Air
  • Laundry
  • Laundry in Building
  • Parking Included
  • Parking Lot
LISTING UPDATED: 02/01/2025 08:40 PM

Property Details for 320 West H Street

StatusPending
MLS #24073225
Days on Market61
Taxes$11,050 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1978
Lot Size0.31 AC / 13,504 SF
CountySt. Clair County

Building Information for 320 West H Street

Stories-Residences8Year Built1978Building Size-Lot Size0.31 AC / 13,504 SF

Property Information for 320 West H Street

Summary
Location and General Information
  • City: Belleville
  • County Or Parish: St Clair-IL
  • Latitude: 38.522566
  • Longitude: -89.989358
  • Location: City
  • Postal Code: 62226
  • State Or Province: IL
  • Sub division Name: n/a
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Prop Asses City Tax: 1
  • Parcel Number: 08-21.0-216-030
  • Tax Annual Amount: $11,050.00
  • Tax Legal Description: PT NE 1/4 SEC 21 T1NR 8W LOT/SEC-2H2 A02598017
  • Tax Year: 2023
Owner
  • Township: Belleville
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 2+, Parking Lot
School Information
  • Elementary School: BELLEVILLE DIST 118
  • High School: Belleville High School-East
  • High School District: Belleville DIST 118
  • Middle Or Junior School: BELLEVILLE DIST 118
Virtual Tour
Property
Lot Information
  • Lot Size Acres: 0.31
  • Lot Size Dimensions: 315*125
  • Lot Size Source: County Records
  • Lot Size Square Feet: 13504.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 5760.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 3
  • Photos Count: 16
  • Videos Count: 1
  • Year Built: 1978
  • Disclosures: Unknown,Sellers Discl Not Av
  • Age: 47
  • Construction Materials: Brick Veneer, Vinyl Siding
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Electric
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Coin Operated, Common Laundry
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: 4 Rooms
  • Bedroom number of Units: 4
  • TYPE: Apartment Complex,Apt Bldg/Exterior En
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: 5 Rooms
  • Two Bed Unit Units: 4
Income & Expenses
  • Net Operating Income: $2,482.00
  • Total Expenses: 2841.00
Rental
Rent Information
  • Lease Term: Leases, Month To Month
  • Tenant Pays: Electricity, Gas

Property History for 320 West H 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 320 West H Street

Taxable ValueLand$8,585Additions$109,143Total$117,728
Tax Record2023$11,051 ($921 / month)
Home Facts
Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtLot Size13,504 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyST. CLAIRAPN08-21-0-216-030

Schools near 320 West H Street

This home is within Belleville School District 118.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 6

Central Jr High School
Public7 to 8

Belleville High School-East
Public9 to 12

Belleville High School-West
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Real Broker LLC

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.