$ 265,000
-
$265,000
Price -
1
Bed -
1
Bath -
4,334
SqFt
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About the Listing HTMN01 - HARTD
Opportunity for Value Added Multifamily Project in Historic "McKinley School" building that was converted to 4 -One Bedroom Apartments. Apartments are large enough to renovate into Two Bedroom units with a potential 5th "partially finished" apartment in the basement (not counted in room count or square footage) that would need Code Compliance and Egress to utilize. 2 Story all brick building with carport, coin-op laundry and additional parking. Owner pays for Water, Sewer and Trash as well as gas for heat (boiler for radiant heaters) and hot water. All four units have central air so the potential to remove the boiler and add furnaces to remove the gas expense for the apartments is worth investigating. Financials are based on Actual 2025 YE numbers and currently 2 units are vacant (may change as listing progresses) and listed for rent starting Monday 4/27/26 for $825. Building to be sold as-is. Call your favorite Realtor to view vacant unit and write offer subject to/contingent on seeing and approving all 4 units within 72 hours of accepted offer.
Listing Highlights
Status
Active With Contingency
Days on Site
37
Property Type
Multi-Family
MLS ®
26025429
Year Built
1905
Total Square Footage
4,334
Lot/Acreage
0.48
County
Madison
Neighborhood
Park Place Sub
School District
Collinsville DIST 10
Elementary School
Collinsville Dist 10
Middle School
Collinsville Dist 10
High School
Collinsville
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances: Range
- Air Cond: Ceiling Fan(s),Central Air
- Heating: Natural Gas,Hot Water,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2167
- Below Ground Sq Ft: 0
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof:
- Others:
- Sewer:
- Parking Features: Carport
Financial Details
- Tax Amount: $6,403
- Taxes w/Assessments: N/A
- Tax/Property ID: 13-2-21-27-09-104-012
- Tax Year: 2024
Payment Calculator
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Questions About..
502 Wadsworth St Collinsville, IL 62234
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