This rental property is a great investment opportunity. It is currently rented for $855/month and has long-term tenants of 10+ years. The lease is in place through July 2025. The home offers one bedroom on the main level, along with a living room, dining room, kitchen, and a full bathroom. Upstairs, you'll find another bedroom, a half bath, and a bonus room used as a third bedroom. Please note that no interior photos are available due to tenants' rights. The property is being sold in **as-is** condition, with repairs and updates needed once the tenants vacate. Estimated after-repair value (ARV) ranges between $130K and $150K, conservatively. The seller has an assumable mortgage rate of 4.12% with Wells Fargo, offering a potential financing advantage for buyers. Please do not disturb tenants. No Showings will be allowed until a conditional offer is accepted.
Closed
Listing Provided by:
Courtney N Marsh 618-401-9765,
Red Door Realty Group Inc
Bought with: Red Door Realty Group Inc
$83,000
202 S 2nd St, O'Fallon, IL 62269
2beds
1,488sqft
Single Family Residence
Built in 1907
10,454.4 Square Feet Lot
$184,300 Zestimate®
$56/sqft
$1,509 Estimated rent
Home value
$184,300
$158,000 - $210,000
$1,509/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 28, 2025 at 06:23pm
Listing Provided by:
Courtney N Marsh 618-401-9765,
Red Door Realty Group Inc
Bought with:
Courtney N Marsh, 471.020000
Red Door Realty Group Inc
Source: MARIS,MLS#: 24062624
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- Wall/Window Unit(s), Ceiling Fan(s), Central Air, Electric
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator, Gas Water Heater
Features
- Separate Dining, Historic Millwork
- Flooring: Hardwood
- Windows: Window Treatments
- Basement: Block,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,488
- Total interior livable area: 1,488 sqft
- Finished area above ground: 1,488
Property
Parking
- Parking features: Off Street
Features
- Levels: One and One Half
Lot
- Size: 10,454 sqft
- Dimensions: 75 x 125
- Features: Level
Details
- Parcel number: 0908.0205003
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Other
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
Condition
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Ofallon
- Subdivision: Helms Assessment
Other
Other facts
- Listing terms: Assumable,Cash,Conventional
- Ownership: Private
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 11/8/2024 | Sold | $83,000-7.8%$56/sqft |
Source:  MARIS #24062624 | ||
| 10/16/2024 | Contingent | $90,000$60/sqft |
Source: MARIS #24062624 | ||
| 10/3/2024 | Listed for sale | $90,000-18.1%$60/sqft |
Source: MARIS #24062624 | ||
| 1/3/2013 | Sold | --0 |
Source: MARIS #4112891 | ||
| 12/11/2012 | Price change | $109,900-2.3%$74/sqft |
Source: PROGRESSIVE PROPERTY NETWORK, INC. #4112891 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,918 +4.1% | $38,476 +7.4% |
| 2022 | $2,802 +7% | $35,839 +6.3% |
| 2021 | $2,618 -3.1% | $33,702 +2.6% |
Find assessor info on the county website
Neighborhood: 62269
Nearby schools
GreatSchools rating
- 8/10Shiloh Elementary SchoolGrades: PK-3Distance: 0.2 mi
- 7/10Shiloh Middle SchoolGrades: 4-8Distance: 0.5 mi
- 7/10O Fallon High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Shiloh Village Dist 85
- Middle: Shiloh Village Dist 85
- High: Ofallon
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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$184,300
2% more+ $3,686
With Zillow Showcase(estimated)
$187,986