202 Wabash Avenue, Belleville, IL 62220
Local realty services provided by:CENTURY 21 Bailey & Co.
202 Wabash Avenue,Belleville, IL 62220
$140,000
- - Beds
- - Baths
- 1,426 sq. ft.
- Multi-family
- Coming Soon
Listed by: viktoriia kovel
Office: keller williams pinnacle
MLS#:26044473
Source:MO_MARIS
Price summary
- Price:$140,000
- Price per sq. ft.:$98.18
About this home
Don't miss this fully occupied duplex offering immediate rental income with $18,000 in current annual gross rental income and excellent upside potential. The property features two occupied units on month-to-month leases, providing flexibility for investors while maintaining consistent cash flow. The upper unit is currently rented for $850 per month, while the lower unit, with its own private entrance and separate exit, is rented for $650 per month. Both rents are below current market value, presenting an opportunity to increase future income. Market rents are estimated at approximately $1,000 per month for the upper unit and $850 per month for the lower unit. Recent improvements include replacement of the tub faucet plumbing fixture and repairs to the back and side sections of the roof, helping reduce immediate maintenance needs.
Tenants are responsible for gas and electric, while the owner pays water, sewer, trash, and seasonal lawn care. Current owner expenses include approximately $375–$400 per month for water, sewer, and trash. $110 per month for landscaping during the mowing season. With no vacancies, separate entrances for both units, below-market rents, and significant potential to increase cash flow, this duplex is an outstanding opportunity for investors looking to expand their portfolio with a property that offers both immediate income and future appreciation potential....
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Home facts
- Year built:1893
- Subdivision & Development:Highland Add
- Listing ID #:26044473
- Updated:August 30, 2026 at 03:18 PM
Rooms and interior
- Basement:Yes
- Basement Description:Full, Sleeping Area, Walk-Out Access
- Living area:1,426 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Forced Air
Structure and exterior
- Year built:1893
- Building area:1,426 sq. ft.
- Lot area:0.1 Acres
- Construction Materials:Brick
Schools
- High school:Belleville High School-East
- Middle school:BELLE VALLEY DIST 119
- Elementary school:BELLE VALLEY DIST 119
Utilities
- Water:Public
Finances and disclosures
- Price:$140,000
- Price per sq. ft.:$98.18
- Tax amount:$2,743 (2024)
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