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About the Listing B154 - BRBARONE
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 Highlights for 3503 Falling Springs Rd
Status
Active
Days on Site
89
Property Type
Multi-Family
MLS ®
25041411
Year Built
1985
Total Square Footage
0
Lot/Acreage
0.7
County
St. Clair
Neighborhood
Judith Place Assessment
School District
Cahokia DIST 187
Elementary School
Cahokia Dist 187
Middle School
Cahokia Dist 187
High School
Cahokia
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $10,512
- Taxes w/Assessments: N/A
- Tax/Property ID: 01-35.0-203-017
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
3503 Falling Springs Rd Cahokia, IL 62206
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