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201 West Pointe Dr., suite 6             
Swansea, IL 62226                      
618-236-0400

1405 N.Green Mount Rd., suite 150
O'Fallon, IL  62269
618-624-0400
            
950 Columbia Centre    
Columbia, IL  62236      
618-281-0400
                
2110 Troy Rd., suite G
Edwardsville, IL  62025
618-655-0400

 
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$140,000 For Sale

2801 Herbert Street
Granite City, IL 62040

Multi Family Home
6490 sq ft - MLS# 18028681
Property Photo
1/21

Description

SUCH A DEAL@@@ 8 UNIT EFFICIENCY APARTMENT BUILDING. ADDRESSES 2801 THOUGH 2815. EACH UNIT IS ABOUT 375 SQUARE FEET. LIVING ROOM, KITCHEN AND 3/4 BATH IN EACH APARTMENT. RENT AVERAGES $400 PER MONTH. AT THIS TIME ALL RENTED BUT ONE TENANT IN THE PROCESS OF MOVING (2805) AND 2801 IS VACANT. 2803, 2807, 2809 AND 2815 HAVE BEEN RECENTLY RENOVATED WITH NEW TENANTS. TENANTS PAY THEIR OWN GAS AND ELECTRIC. FIVE UNITS HAVE GAS WALL HEAT AND 3 HAVE ELECTRIC BASEBOARD HEAT. ELECTRIC UPDATED IN 2009. ROOF NEW IN 2008. NEWER SEWER CLEAN OUT. 8 STOVES AND REFRIGERATORS. COIN-OP LAUNDRY IN STORAGE AREA. LAWN MOWER AND SOME TOOLS AND MATERIALS WILL REMAIN. WATER ABOUT $100/MONTH, SEWER $120/MONTH, TRASH $96/MONTH, INSURANCE $168/MONTH. FLOOD INSURANCE IS $900/YEAR. GREAT INCOME OPPORTUNITY!!

Features

  • Age: 53
  • Association: Greater Gateway Association of Realtors
  • Building Style: Low/1-2
  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector
  • Cable Available: 1
  • Construction: Vinyl Siding
  • Cooling: Window Unit(s)
  • County/Area: Madison County
  • Efficiency # Units: 8
  • Efficiency Rent: 400
  • Efficiency Some Include: Refrigerator,Range/Oven
  • Elementary School: Granite City Dist 9
  • Gross Operating Income: 38700.00
  • Heat Source: Electric,Gas
  • Heating: Baseboard
  • High School: Granite City
  • Laundry: Coin Operated
  • Listing Status: Active
  • Location: City,Corner Location
  • Lot Dimensions: 50 X 130
  • Lot Number: 15
  • Lot Size: 0.1490
  • Lot Size Source: County Records
  • Lot Square Footage: 6490
  • Middle School: Granite City Dist 9
  • Net Income: 31700.00
  • Number Of Buildings: 1
  • Parking Description: On Street Parking
  • Property Type: Multi Family Home
  • School District: Granite City Dist 9
  • Sewer: Public
  • Square Footage: 3072
  • Square Footage Source: County Records
  • Sub Type: Multi-Family 5+
  • Subdivision: Kensington Place
  • Subdivision/Neighborhood: Kensington Place
  • Tenant Pays: Cable TV/Satellite,Electric
  • Total Expenses: 6700.00
  • Water: Public
  • Water Heat: Electric
  • Zip Code: 62040

Courtesy of:

  • More info
  • Judith Browning
    Phone: (618) 960-3448
    Fax: (618) 876-0408
    Email: judy.21@att.net
    NESTER REALTY-EDWARDSVILLE
    2110 TROY RD. SUITE G. EDWARDSVILLE, IL 62025
    Office: (618) 655-0400 Fax: (618) 659-4699 
  • More info