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1 Pheasantwood Drive, Belleville, IL 62226

Local realty services provided by:CENTURY 21 Broughton Team
1 Pheasantwood Drive,Belleville, IL 62226
$5,750,000
  • - Beds
  • - Baths
  • 64,800 sq. ft.
  • Multi-family
  • Active
Listed by: matt bukhshtaber
Office: cbre
MLS#:25062321
Source:MO_MARIS

Price summary

  • Price:$5,750,000
  • Price per sq. ft.:$88.73

About this home

Pheasantwood Apartments is a 96-unit, garden-style apartment community on 4.95 acres in Belleville, IL. Built in 1980 & 1985, the property includes 64,800 SF throughout 12 buildings. Well-performing multifamily asset that is primed for rent upside. All units are in classic or near classic condition allowing the opportunity for new ownership to have immediate value-add by updating units and pushing rents further over a new ownership period. Highlights: ? 96-unit multifamily asset in a quiet tree-lined neighborhood in Belleville ? Below-market rents allowing immediate value-add for new ownership ? Favorable mix of 1 and 2-bedroom floor plan styles ? All units have washer and dryer connections ? Ample parking of 120 spaces ? Belleville’s average household income of $79,952 reflects a solid middle-class foundation with considerable consumer spending power ? Strong in-place cash flow Property includes the following parcels: 1 Pheasantwood: 62226 08-08.0-420-004 3 Pheasantwood: 62226

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Home facts

  • Year built:1985
  • Listing ID #:25062321
  • Added:139 day(s) ago
  • Updated:January 28, 2026 at 05:19 PM

Rooms and interior

  • Living area:64,800 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric

Structure and exterior

  • Year built:1985
  • Building area:64,800 sq. ft.
  • Lot area:4.95 Acres

Schools

  • High school:Belleville High School-West
  • Middle school:BELLEVILLE DIST 118
  • Elementary school:BELLEVILLE DIST 118

Utilities

  • Water:Public

Finances and disclosures

  • Price:$5,750,000
  • Price per sq. ft.:$88.73
  • Tax amount:$8,753 (2023)
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