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  • Listing Provided by: 

    Tamika G Evans 314-384-2440,

    Elevate Realty, LLC

    Bought with: Keller Williams Pinnacle
    $56,000

    122 Lazarcheff Dr, Cahokia, IL 62206

    3beds
    988sqft
    Single Family Residence
    Built in ----
    7,405.2 Square Feet Lot
    $76,700 Zestimate®
    $57/sqft
    $1,274 Estimated rent

    Owner options

    List your home for rent

    $1,274/mo

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    $1,274/mo

    Rent Zestimate®

    Refinance and save

    $320/mo

    Est. payment

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    $320/mo

    Est. payment

    What's special

    Seize the opportunity to purchase a tenant-occupied property guaranteeing immediate rental income! The interior of the property was updated in April 2024. Property is tenant occupied, ensuring stability and peace of mind. The current annual lease provides a steady monthly rental income of $800. Key Investment Highlights: reliable lease in place until April 2025, interior updates, average operating expenses are $4756 which yeild an impressive CAP Rate of 6.5%. 10% vacancy rate factored in. Tenant pays all utilities, gas, electric, water, sewer, and trash, reducing landlord expenses. This property not only provides a reliable income stream but also offers excellent potential for increased income as current rent is below market. The low annual expenses and a strong CAP rate makes the decision easy. What are you waiting for? This investment is designed to maximize your returns by adding an asset producing property to your portfolio!

    Zillow last checked: 8 hours ago

    Listing updated: April 28, 2025 at 06:36pm

    Listing Provided by:

    Tamika G Evans 314-384-2440,

    Elevate Realty, LLC

    Bought with:

    Patrice Tucker, 475193731

    Keller Williams Pinnacle

    Source: MARIS,MLS#: 24046230MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 3
    Bedroom
    • Features: Floor Covering: Carpeting, Wall Covering: Some
    • Level: Lower
    Bedroom
    • Features: Floor Covering: Carpeting, Wall Covering: Some
    • Level: Lower
    Bedroom
    • Features: Floor Covering: Carpeting, Wall Covering: Some
    • Level: Lower
    Bathroom
    • Features: Floor Covering: Luxury Vinyl Plank, Wall Covering: Some
    • Level: Lower
    Kitchen
    • Features: Floor Covering: Luxury Vinyl Plank, Wall Covering: Some
    • Level: Lower
    Living room
    • Features: Floor Covering: Carpeting, Wall Covering: Some
    • Level: Lower
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Microwave, Gas Range, Gas Oven, Refrigerator, Gas Water Heater
    • Laundry: Main Level
    Features
    • Open Floorplan, Eat-in Kitchen, Pantry
    • Flooring: Carpet
    • Doors: Panel Door(s)
    • Windows: Window Treatments, Insulated Windows
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 988
    • Total interior livable area: 988 sqft
    • Finished area above ground: 988
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Covered, Off Street
    • Carport spaces: 1
    Features
    • Levels: One
    Lot
    • Size: 7,405 sqft
    • Dimensions: 75 x 110 x 60 x 110
    • Features: Level
    Details
    • Parcel number: 0611.0210003
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional,Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Slab
    Condition
    • Updated/Remodeled
    • New construction: No

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Cahokia
    • Subdivision: Parklane Manor 1st Add

    Other

    Other facts
    • Listing terms: Cash,1031 Exchange,Private Financing Available,Conventional
    • Ownership: Private
    • Road surface type: Asphalt
    Sell with ease on Zillow
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    $76,700
    2% more+$1,534
    With Zillow Showcase(estimated)$78,234