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217 S 16th St

Belleville IL 62220

1416 sq. ft.
6969.6 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Excellent opportunity to add a solid income-producing property to your investment portfolio! This four-unit multifamily building features four 1-bedroom, 1-bath apartments, with all 4 units units currently occupied, providing immediate rental income. Recent updates include newer carpet in some units, and durable wood-look flooring in others. Each apartment is equipped with a refrigerator and stove. Tenants will appreciate the spacious rear deck and ample off-street parking located behind the building. Conveniently situated near shopping, dining, public transportation, and downtown Belleville, this property offers strong rental appeal. Property is being sold AS IS. Seller will make no repairs or complete occupancy inspections or municipal occupancy requirements. Don't miss this opportunity to own a well-maintained investment property with immediate income potential!

Features

1416 sq. ft. floor area
6969.6 sq. ft. lot size
Multi-Family

Property history for 217 S 16th St

2023
Sold
Undisclosed
31 Jan 2023 by Cheryl Johnson, of Strano & Associates

Happy sellers in Belleville

94%
94% of sellers in Belleville reported that their sale price either exceeded or met their price expectations.

Belleville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Belleville over the last 12 months.

Local market activity for multi families in Belleville

In the last 12 months, 17 multi families similar to 217 S 16th St, have been sold.

This represents a 11% increase in multi families sales when compared to the previous 12 months.

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