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$ 640,000
Est. payment /mo
Active
3503 Falling Springs RD Cahokia, IL 62206
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Judith Place Assessment
MLS Listing ID 25041411
Year Built 1985
Acres 0.7
Property Description
Excellent value-add multifamily investment opportunity in Cahokia Heights. This property includes two fully occupied apartment buildings on one parcel—offering a total of 11 units. The front building contains 4 units, including a studio and a 1-bedroom, while the rear building features 7 units, all with 2 bedrooms and 1 bathroom. Renovated in 2022, each unit includes modern conveniences such as air conditioning, ceiling fans, eat-in kitchens, and more. All 2025 leases are set at $975/month, supporting a projected gross rental income of $109,008 and an 8.32% CAP rate. Situated in a quiet residential area with 14 off-street parking spaces, screened tenants, and professional management already in place, this property offers immediate cash flow and long-term potential.
Location
State IL
County St. Clair
Interior
Cooling Central Air
Fireplace N
Building
Architectural Style Traditional
Structure Type Brick
Schools
Elementary Schools Cahokia Dist 187
Middle Schools Cahokia Dist 187
High Schools Cahokia
School District Cahokia Dist 187
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is
Listed by Brendan Barone • Kunkel Wittenauer Group, Inc
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