Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate
Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit.
Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear asphalt parking lot for tenant convenience.
Financials available to serious Pre-Approved Buyers Only!
Recent major capital improvements minimize near-term expenses, including a new roof and 6" gutters installed in 2025 and all windows replaced. Located in a quiet country setting while remaining close to employment centers, retail, and services in the St. Louis metro area, supporting stable tenant demand.
An ideal acquisition for investors seeking strong cash flow, solid fundamentals, and minimal deferred maintenance.
Closed
Listing Provided by: Southern Illinois Realty, LLC
Bought with: Southern Illinois Realty, LLC
$500,000
855 M And O Station Rd, Millstadt, IL 62260
12beds
6baths
3,600sqft
Multi Family, Apartment
Built in 1985
-- sqft lot
$503,700 Zestimate®
$139/sqft
$1,462 Estimated rent
Home value
$503,700
$479,000 - $529,000
$1,462/mo
Zestimate® history
Owner options
List your home for rent
$1,462/mo
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$1,462/mo
Rent Zestimate®
Refinance and save
$3,488/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,488/mo
Est. payment
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Kitchen with appliancesAll windows replacedQuiet country setting
Zillow last checked:
Listing updated:
Listing Provided by:
Doug L Payne 618-792-8088,
Southern Illinois Realty, LLC,
Judy E Ross 618-789-4379,
Southern Illinois Realty, LLC
Bought with:
Judy E Ross, 471.019568
Southern Illinois Realty, LLC
Source: MARIS,MLS#: 26006463
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Range Hood, Electric Range, Refrigerator, Electric Water Heater
- Laundry: In Unit
Features
- Flooring: Carpet, Luxury Vinyl
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
- Finished area above ground: 3,600
- Finished area below ground: 1,800
Property
Parking
- Total spaces: 6
- Parking features: Asphalt
Features
- Levels: Three Or More
Lot
- Size: 0.28 Acres
Details
- Parcel number: 1209.0305002
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Apartment Style
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
- Roof: Architectural Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1985
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Millstadt
- Subdivision: O Station Sub
Other
Other facts
- Listing terms: Cash,Contract,Conventional
- Ownership: Private
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2026 | Sold | $500,000-3.8%$139/sqft |
Source:  MARIS #26006463 Report a problem | ||
| 3/24/2026 | Pending sale | $520,000$144/sqft |
Source: MARIS #26006463 Report a problem | ||
| 2/11/2026 | Contingent | $520,000$144/sqft |
Source: MARIS #26006463 Report a problem | ||
| 2/5/2026 | Listed for sale | $520,000+52.9%$144/sqft |
Source: MARIS #26006463 Report a problem | ||
| 2/1/2023 | Sold | $340,000+25.9%$94/sqft |
Source: Public Record Report a problem | ||
| 11/23/2010 | Sold | $270,000$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,310 +5.1% | $114,413 +10% |
| 2023 | $7,905 +5% | $103,993 +9.8% |
| 2022 | $7,527 +3.8% | $94,737 +8.1% |
| 2021 | $7,252 -0.1% | $87,598 +0.7% |
| 2020 | $7,258 +3.2% | $87,008 +4.3% |
| 2019 | $7,031 +3.7% | $83,445 +3.7% |
| 2018 | $6,780 +99.2% | $80,436 +1.4% |
| 2017 | $3,404 | $79,346 -17.8% |
| 2016 | $3,404 -56.3% | $96,511 +4.1% |
| 2014 | $7,795 +9.6% | $92,719 +4.9% |
| 2013 | $7,111 | $88,405 -4.7% |
| 2012 | -- | $92,746 -0.4% |
| 2011 | -- | $93,090 -3.6% |
| 2010 | -- | $96,561 -21.4% |
| 2009 | -- | $122,890 |
| 2008 | -- | $122,890 +11.4% |
| 2006 | -- | $110,322 +6.2% |
| 2005 | $7,701 +8.2% | $103,910 +7.8% |
| 2004 | $7,118 | $96,365 +2.8% |
| 2003 | -- | $93,750 +5.1% |
| 2002 | -- | $89,166 +5.8% |
| 2001 | -- | $84,302 +7.6% |
| 2000 | -- | $78,333 |
Find assessor info on the county website
Neighborhood: 62260
Nearby schools
GreatSchools rating
- 8/10Millstadt Consolidated SchoolGrades: 3-8Distance: 0.6 mi
- 5/10Belleville High School-WestGrades: 9-12Distance: 5.6 mi
- NAMillstadt Primary CenterGrades: PK-2Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Belleville Dist 118
- Middle: Belleville Dist 118
- 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
$503,700
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
$503,700
- Illinois
- Saint Clair County
- Millstadt
- 62260
- 855 M And O Station Rd
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