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
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
Owner options
What's special
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#: 24071786
Originating 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
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$1,666,800
2% more+$33,336
With Zillow Showcase(estimated)$1,700,136