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502 Wadsworth Street, Collinsville, IL 62234

Collinsville
Local realty services provided by:CENTURY 21 Bailey & Co.
502 Wadsworth Street,Collinsville, IL 62234
$265,000
  • - Beds
  • - Baths
  • 4,334 sq. ft.
  • Multi-family
  • Active
Listed by: doug a hartmann, jr
Office: hartmann realtors, inc
MLS#:26025429
Source:MO_MARIS

Price summary

  • Price:$265,000
  • Price per sq. ft.:$61.14

About this home

Opportunity for Value Added Multifamily Project in Historic "McKinley School" building that was converted to 4 -One Bedroom Apartments. Apartments are large enough to renovate into Two Bedroom units with a potential 5th "partially finished" apartment in the basement (not counted in room count or square footage) that would need Code Compliance and Egress to utilize. 2 Story all brick building with carport, coin-op laundry and additional parking. Owner pays for Water, Sewer and Trash as well as gas for heat (boiler for radiant heaters) and hot water. All four units have central air so the potential to remove the boiler and add furnaces to remove the gas expense for the apartments is worth investigating. Financials are based on Actual 2025 YE numbers and currently 2 units are vacant (may change as listing progresses) and listed for rent starting Monday 4/27/26 for $825. Building to be sold as-is. Call your favorite Realtor to view vacant unit and write offer subject to/contingent...

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Home facts

  • Year built:1905
  • Listing ID #:26025429
  • Added:1 day(s) ago
  • Updated:April 28, 2026 at 03:04 PM

Rooms and interior

  • Kitchen Description:Range
  • Basement:Yes
  • Basement Description:Full
  • Living area:4,334 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Hot Water, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1905
  • Building area:4,334 sq. ft.
  • Lot area:0.48 Acres
  • Architectural Style:Apartment Style
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Collinsville
  • Middle school:COLLINSVILLE DIST 10
  • Elementary school:COLLINSVILLE DIST 10

Utilities

  • Water:Public

Finances and disclosures

  • Price:$265,000
  • Price per sq. ft.:$61.14
  • Tax amount:$6,403 (2024)

Parking

  • Total parking spaces:4
  • Parking description:4 Carport Space(s)
  • Carport spaces:4
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