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3503 Falling Springs Road

Cahokia IL 62206

0.7 ac.
Other
Currently for sale - view listing

Overview

Excellent value-add multifamily investment opportunity in Cahokia Heights. This property includes two fully occupied apartment buildings on one parcel—offering a total of 11 units. The front building contains 4 units, including a studio and a 1-bedroom, while the rear building features 7 units, all with 2 bedrooms and 1 bathroom. Renovated in 2022, each unit includes modern conveniences such as air conditioning, ceiling fans, eat-in kitchens, and more. All 2025 leases are set at $975/month, supporting a projected gross rental income of $109,008 and an 8.32% CAP rate. Situated in a quiet residential area with 14 off-street parking spaces, screened tenants, and professional management already in place, this property offers immediate cash flow and long-term potential.

Features

0.7 ac. lot size
Other

Happy sellers in Cahokia

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We have insufficient information to provide an overview of customer satisfaction for Cahokia. Viewing the agent profiles, reviews and sales for Cahokia can provide insights for this location.

Local market activity for other properties in Cahokia

In the last 12 months, 2 other properties similar to 3503 Falling Springs Road, have been sold.

This represents a 50% increase in other properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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