399 Canadian Drive Staunton IL
Build Your Dream Home in Canadian Crossing! Discover the perfect…
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$33,000
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Making your Real Estate Dreams a Reality!
3503 Falling Springs Road Cahokia IL
3503 Falling Springs Road, Cahokia, St. Clair, IL, 62206, United States
Active
$640,000
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.
Listing presented by Brendan Barone Kunkel Wittenauer Group, Inc
Additional Details
- Status: Active
- Special Listing Conditions: Listing As Is
- List Date:
- County: St. Clair
- Township:
- Neighborhood: Judith Place Assessment
- Schools: CAHOKIA DIST 187 | CAHOKIA DIST 187 | Cahokia
- Water Source:
- Interior Features: rooms | bathrooms | 0 bedrooms
- Room Sizes:
- Appliances:
- Basement:
- Lot Features:
- Construction Materials: Brick
- Cooling: Central Air
- Heating:
- Parking Features:
- Sewer:
- Architectural Style: Traditional
- Levels:
- Current Financing:
- Tax Information: Taxes: 10512 (Year: 2023)
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30 Years Fixed, 3.5% Interest
- Principle and Interest
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