23 W Laurel ST, Millstadt, IL 62260
23 W Laurel ST, Millstadt, IL 62260
23 W Laurel ST, Millstadt, IL 62260
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$385,000
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1,896 SqFt
Active

23 W Laurel ST Millstadt, IL 62260

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Danielle Jordan

Danielle Jordan

+1(573) 308-5933

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,896 sqft

Price per Sqft $203

Subdivision Randlemans 1St Add

MLS Listing ID 26011659

Style Victorian

Year Built 1902

Annual Tax Amount $5,434

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type 2-4 Units

Property Description

Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential.
Income-Producing Details:
• Gross Monthly Income: $3,625
• Monthly Expenses: $1,212
• Net Monthly Income: $2,413
• Additional Income Potential: 2-car garage rentable for approx. $100–$150/month
• Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our area
Unit Breakdown:
• Three (3) units: 1 bedroom, 1 bath
• One (1) unit: 2 bedrooms, 1 bath
Property Highlights:
• Hardwood or luxury vinyl plank flooring throughout
• Updated kitchens with new cabinetry
• Updated bathrooms
• Separate electric meters for each unit
• Refrigerators and electric range/oven included in all apartments
• Roof on main house less than 10 years old
• New siding (2016)
• New roof on garage (2026)
This well-maintained property offers immediate income with upside potential through garage rental and future rent adjustments. Strong curb appeal, historic character, and a prime in-town location make this a standout addition to any investment portfolio.

A minimum of 24 hour notice required. Preappproval or proof of funds must be provided to listing agent before viewing.

Location

State IL

County St. Clair

Interior

Interior Features Ceiling Fan(s), High Ceilings, Historic Millwork

Heating Radiant

Cooling Ceiling Fan(s), Separate Meters, Wall/Window Unit(s)

Flooring Hardwood, Luxury Vinyl

Fireplace N

Appliance Free-Standing Electric Oven, Refrigerator

Exterior

Parking Features true

Garage Spaces 2.0

Fence None

Utilities Available Cable Available, Sewer Connected

View Y/N No

Building

Story 2

Water Public

Level or Stories Two

Structure Type Vinyl Siding

Schools

Elementary Schools Millstadt Dist 160

Middle Schools Millstadt Dist 160

High Schools Belleville High School-West

School District Millstadt Dist 160

Others

Ownership Owner by Contract

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Judy Ross • Southern Illinois Realty, LLC

NEARBY SCHOOL & BUSINESS

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Danielle Jordan

Danielle Jordan

Broker/Salesperson

+1(573) 308-5933

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