Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan has storage lockers for tenants. 10 x 12 storage shed on site for property manager use. Owner has meticulously maintained the property with routine maintenance as needed over the years. City of Swansea Occupancy inspections have been completed with each vacancy. Don't miss your chance to own a significant income asset with excellent potential. Properties to be sold together and not separately.
Closed
Listed by: RE/MAX Alliance • Betsy Butler • Contact: 618-972-2225
Bought with: Zdefault Office
$1,600,000
1450-1460 Morgan St, Belleville, IL 62226
3beds
0baths
7,800sqft
Multi Family
Built in 1972
-- sqft lot
$1,689,300 Zestimate®
$205/sqft
$1,066 Estimated rent
Home value
$1,689,300
$1.47M - $1.93M
$1,066/mo
Zestimate® history
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$9,324/mo
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Zillow last checked:
Listing updated:
Listed by:
Betsy Butler 618-972-2225,
RE/MAX Alliance,
Karen Marcus 618-444-9903,
RE/MAX Alliance
Bought with:
Default Zmember
Zdefault Office
Source: MARIS,MLS#: 24071786
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 0
Heating
- Forced Air, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
- Laundry: Other, Common Area
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 7,800
- Total interior livable area: 7,800 sqft
- Finished area above ground: 7,800
Property
Parking
- Parking features: Assigned, Guest, Open, Parking Lot
- Has uncovered spaces: Yes
Lot
- Size: 1.07 Acres
- Dimensions: 1.07
Details
- Parcel number: 0816.0303012, 0816.0303013
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Low/1-2
- Property subtype: Multi Family
Materials
- Brick Veneer, Concrete, Block
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Fire Alarm
Location
- Region: Belleville
Financial & listing details
- Price per square foot: $205/sqft
- Annual tax amount: $25,093
- Date on market: 11/21/2024
- Cumulative days on market: 19 days
- Listing terms: Cash,Conventional
- Inclusions: Building, Land
- Ownership: Owner by Contract
- Tenant pays: Electricity, Sewer, Water
Price history
| Date | Event | Price |
|---|---|---|
| 2/4/2025 | Sold | $1,600,000$205/sqft |
Source:  MARIS #24071786 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 62226
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Nearby schools
GreatSchools rating
- 4/10High Mount Elementary SchoolGrades: PK-8Distance: 0.5 mi
- 5/10Belleville High School-WestGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: High Mount Dist 116
- Middle: High Mount Dist 116
- High: Belleville High School-West
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,689,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,689,300
- Illinois
- Saint Clair County
- Swansea
- 62226
- 1450-1460 Morgan St
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