23 W Laurel ST Millstadt, IL 62260
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
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
NEARBY SCHOOL & BUSINESS
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