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Residential Income, Traditional - Cahokia, IL
Excellent value-add multifamily investment opportunity in Cahokia Heights. This property includes two fully occupied apartment buildings on one parcel—offering a total of 11 units. The front building contains 4 units, including a studio and a 1-bedroom, while the rear building features 7 units, all with 2 bedrooms and 1 bathroom. Renovated in 2022, each unit includes modern conveniences such as air conditioning, ceiling fans, eat-in kitchens, and more. All 2025 leases are set at $975/month, supporting a projected gross rental income of $109,008 and an 8.32% CAP rate. Situated in a quiet residential area with 14 off-street parking spaces, screened tenants, and professional management already in place, this property offers immediate cash flow and long-term potential.
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is n...
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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