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  • Listing Provided by: 

    Betsy Butler 618-972-2225,

    RE/MAX Alliance,

    Karen Marcus 618-444-9903,

    RE/MAX Alliance

    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
    $1,666,800 Zestimate®
    $205/sqft
    $-- Estimated rent

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: April 28, 2025 at 05:44pm

    Listing Provided 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#: 24071786MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

    Facts & 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 & neighborhood

    Security
    • Security features: Fire Alarm
    Location
    • Region: Belleville

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Ownership: Owner by Contract
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    $1,666,800
    2% more+$33,336
    With Zillow Showcase(estimated)$1,700,136