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About the Listing B1003 - ROSSJ,PAYND
Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential. Income-Producing Details: • Gross Monthly Income: $3,625 • Monthly Expenses: $1,212 • Net Monthly Income: $2,413 • Additional Income Potential: 2-car garage rentable for approx. $100–$150/month • Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our area Unit Breakdown: • Three (3) units: 1 bedroom, 1 bath • One (1) unit: 2 bedrooms, 1 bath Property Highlights: • Hardwood or luxury vinyl plank flooring throughout • Updated kitchens with new cabinetry • Updated bathrooms • Separate electric meters for each unit • Refrigerators and electric range/oven included in all apartments • Roof on main house less than 10 years old • New siding (2016) • New roof on garage (2026) This well-maintained property offers immediate income with upside potential through garage rental and future rent adjustments. Strong curb appeal, historic character, and a prime in-town location make this a standout addition to any investment portfolio. A minimum of 24 hour notice required. Preappproval or proof of funds must be provided to listing agent before viewing.
Listing Highlights
Status
Active
Days on Site
47
Property Type
Multi-Family
MLS ®
26011659
Year Built
1902
Total Square Footage
1,896
Lot/Acreage
0.26
County
St. Clair
Neighborhood
Randlemans 1st Add
School District
Millstadt DIST 160
Elementary School
Millstadt Dist 160
Middle School
Millstadt Dist 160
High School
Belleville High School-West
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances: Free-Standing Electric Oven, Refrigerator
- Air Cond: Ceiling Fan(s),Separate Meters,Wall/Window Unit(s)
- Heating: Radiant
- Fireplaces:
- Floor: Hardwood,Luxury Vinyl
- Above Ground Sq Ft: 1896
- Below Ground Sq Ft: 0
- Basement:
- Other: Ceiling Fan(s),High Ceilings,Historic Millwork
- Water: Public
Exterior Details
- Garage Capacity: 2 car
- Roof:
- Others: Updated/Remodeled
- Sewer:
- Parking Features: Off Street
Financial Details
- Tax Amount: $5,434
- Taxes w/Assessments: N/A
- Tax/Property ID: 12-09.0-423-017
- Tax Year: 2024
Payment Calculator
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Questions About..
23 W Laurel St Millstadt, IL 62260
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