Closed

Listed by: RE/MAX Preferred • Jason E Buss • Contact: 618-580-1016

Bought with: Renee Lewis Realty Llc

$80,000

501 S Illinois St, Belleville, IL 62220

7beds

3baths

3,420sqft

Multi Family

Built in 1915

-- sqft lot

$103,300 Zestimate^®

$23/sqft

$1,133 Estimated rent

Home value

$103,300

$74,000 - $142,000

$1,133/mo

Zestimate^® history

Owner options

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$1,133/mo

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$1,133/mo

Rent Zestimate^®

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$466/mo

Est. payment

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$466/mo

Est. payment

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What's special

Laundry nook

Investors! Two home for the price of one. 501 is a huge home with 4-5 bedrooms and 2 baths, all rooms are large. 503 is a 2-3 (one walk through) bedroom, 1 bath home with cellar. The home does have a dining area or office with laundry nook. Both homes (duplex) need some updating and have been a great investment property for the current owner for decades. The homes are on the same water and sewer. Owner pays water, sewer, and trash and that is approximately $250 a month, tenants paid gas and electric. 501 could easily be turned into a two family (with proper permission from the city) as it was at one time. Parcel is zoned commercial but is grandfathered as multi-family per the city. Buyer's responsibility for any rezoning or variances they may need or want. Information is gathered from various sources & should be verified by buyer or buyer's agent. Inspections: buyer's knowledge only, seller will do no inspections, repairs, or credit for repairs. AS IS!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3

Heating

Natural Gas, Forced Air

Cooling

Wall/Window Unit(s)

Appliances

Included: Gas Water Heater
Laundry: In Unit

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 3,420
Total interior livable area: 3,420 sqft
Finished area above ground: 3,420

Property

Parking

Parking features: Assigned, Off Street, On Street, Unassigned, Shared Driveway
Has uncovered spaces: Yes

Features

Patio & porch: Deck
Fencing: Partial

Lot

Size: 6,534 Square Feet
Dimensions: 55.5 x 116

Details

Parcel number: 0828.0223013
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Brick, Frame

Condition

Year built: 1915

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Not In A Subdivision.

Location

Region: Belleville

Financial & listing details

Price per square foot: $23/sqft
Annual tax amount: $2,716
Date on market: 9/22/2023
Cumulative days on market: 21 days
Listing terms: Cash,Conventional
Ownership: Private
Tenant pays: Electricity, Gas
Road surface type: Gravel

Price history

Date	Event	Price
11/9/2023	Sold	$80,000-20%$23/sqft
Source: MARIS #23040377 Report a problem
10/13/2023	Pending sale	$100,000$29/sqft
Source: MARIS #23040377 Report a problem
10/9/2023	Contingent	$100,000$29/sqft
Source: MARIS #23040377 Report a problem
9/22/2023	Listed for sale	$100,000$29/sqft
Source: MARIS #23040377 Report a problem
12/10/2022	Listing removed	--
Source: RE/MAX International Report a problem
12/5/2022	Listed for sale	$100,000$29/sqft
Source: RE/MAX International #22074618 Report a problem
12/5/2022	Listing removed	$100,000$29/sqft
Source: MARIS #22074618 Report a problem