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Belleville, IL 62220
$140,000
$87 / sq ft
1,610
Sq Ft Above Grade
0.18
Acres
Back on the market. Buyer financing fell through. Well-maintained and fully occupied three-unit multifamily property offering immediate cash flow with $28,200 in annual gross rental income. The property consists of one 2-bedroom unit rented for $850 per month, one 1-bedroom unit rented for $750 per month, and one studio unit rented for $750 per month. The 1-bedroom and studio units have been recently updated to meet city code requirements and successfully passed the City of Belleville occupancy inspections in June 2026. Both units are occupied under one-year leases. The 2-bedroom unit is leased to a long-term tenant, providing stable and consistent rental income. Recent major improvements include three brand-new furnaces installed in June 2026, enhancing the property's efficiency and helping reduce future maintenance concerns. Conveniently located just minutes from downtown Belleville, the property offers easy access to shopping, dining, public transportation, and major roadways. This turnkey triplex is an excellent opportunity for investors seeking a fully leased property with reliable income, recent mechanical updates, and a stable tenant base.
Listed: July 13, 2026 (39 days on market)
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