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Belleville, IL 62223
$585,000
0.24
Acres
Presenting a prime investment opportunity in the heart of Belleville, Illinois—a 12-unit apartment building located in a quiet, residential neighborhood. Currently, approximately 83% of the units are rented, offering immediate income with room to increase cash flow through lease-up and potential rent adjustments. The building includes a mix of spacious one-bedroom and two-bedroom units, each offering generous layouts, ample natural light, and separately metered gas and electric utilities. Tenants enjoy convenient off-street parking and secure entry access. There is also room for value-add improvements through cosmetic upgrades or rent increases. Ideally located just minutes from downtown Belleville, the property offers easy access to public transportation, local schools, shopping, and dining. It’s also approximately 20 minutes from Scott Air Force Base, one of the region’s largest and most stable economic drivers—making this property attractive to military personnel and civilian contractors alike. This turnkey property is ready to continue generating income from day one, with additional upside potential for future growth. Financials, rent roll, and property details are available upon request
Listed: September 24, 2025 (229 days on market)
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