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3503 Falling Springs Road, Cahokia, IL 62206

Local realty services provided by:CENTURY 21 CopperKey Realty
3503 Falling Springs Road,Cahokia, IL 62206
$528,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: brendan barone
Office: kunkel wittenauer group, inc
MLS#:25041411
Source:MO_MARIS

Price summary

  • Price:$528,000

About this home

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.

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Home facts

  • Year built:1985
  • Listing ID #:25041411
  • Added:181 day(s) ago
  • Updated:December 11, 2025 at 04:33 PM

Heating and cooling

  • Cooling:Central Air

Structure and exterior

  • Year built:1985
  • Lot area:0.7 Acres

Schools

  • High school:Cahokia
  • Middle school:CAHOKIA DIST 187
  • Elementary school:CAHOKIA DIST 187

Finances and disclosures

  • Price:$528,000
  • Tax amount:$10,512 (2023)
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