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Mitchell Cain

appraiser2002@gmail.com +1(618) 292-7227

$265,000

Est. payment - /mo

4,334 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,334 sqft

Price per Sqft $61

Subdivision Park Place Sub

MLS Listing ID 26025429

Style Apartment Style

Year Built 1905

Annual Tax Amount $6,403

Lot Size 0.482 Acres

Acres 0.4821

Property Sub-Type 2-4 Units

Property Description

Opportunity for Value Added Multifamily Project in Historic "McKinley School" building that was converted to 4 -One Bedroom Apartments. Apartments are large enough to renovate into Two Bedroom units with a potential 5th "partially finished" apartment in the basement (not counted in room count or square footage) that would need Code Compliance and Egress to utilize. 2 Story all brick building with carport, coin-op laundry and additional parking. Owner pays for Water, Sewer and Trash as well as gas for heat (boiler for radiant heaters) and hot water. All four units have central air so the potential to remove the boiler and add furnaces to remove the gas expense for the apartments is worth investigating. Financials are based on Actual 2025 YE numbers and currently 2 units are vacant (may change as listing progresses) and listed for rent starting Monday 4/27/26 for $825. Building to be sold as-is. Call your favorite Realtor to view vacant unit and write offer subject to/contingent on seeing and approving all 4 units within 72 hours of accepted offer.

Location

State IL

County Madison

Rooms

Basement Full

Interior

Heating Natural Gas, Hot Water, Radiant

Cooling Ceiling Fan(s), Central Air

Fireplace N

Appliance Range

Exterior

Parking Features false

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected

View Y/N No

Private Pool false

Building

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Collinsville Dist 10

Middle Schools Collinsville Dist 10

High Schools Collinsville

School District Collinsville Dist 10

Others

Acceptable Financing Cash, Conventional, Sell as Entity

Listing Terms Cash, Conventional, Sell as Entity

Special Listing Condition Listing As Is

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Listed by Doug Hartmann, Jr • Hartmann Realtors, Inc

Nearby School & Business

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Mitchell Cain

+1(618) 292-7227

Broker | License ID: 475.180028

Broker License ID: 475.180028

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502 Wadsworth ST Collinsville, IL 62234

Mitchell Cain

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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