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23 W Laurel Street, Millstadt, IL 62260

Millstadt
Local realty services provided by:CENTURY 21 Premiere Realty
23 W Laurel Street,Millstadt, IL 62260
$385,000
  • - Beds
  • - Baths
  • 1,896 sq. ft.
  • Multi-family
  • Active
Listed by: doug payne
Office: southern illinois realty, llc.
MLS#:26011659
Source:MO_MARIS

Price summary

  • Price:$385,000
  • Price per sq. ft.:$203.06

About this home

Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential. Income-Producing Details: • Gross Monthly Income: $3,625 • Monthly Expenses: $1,212 • Net Monthly Income: $2,413 • Additional Income Potential: 2-car garage rentable for approx. $100–$150/month • Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our area Unit Breakdown: • Three (3) units: 1 bedroom, 1 bath • One (1) unit: 2 bedrooms, 1 bath Property Highlights: • Hardwood or luxury vinyl plank flooring throughout • Updated kitchens with new cabinetry • Updated bathrooms • Separate electric meters for each unit • Refrigerators and electric range/oven included in all apartments • Roof on main house less than 10 years old • New siding (2016) • New roof on

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Home facts

  • Year built:1902
  • Listing ID #:26011659
  • Added:4 day(s) ago
  • Updated:March 07, 2026 at 11:50 PM

Rooms and interior

  • Kitchen Description:Refrigerator
  • Living area:1,896 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)

Structure and exterior

  • Year built:1902
  • Building area:1,896 sq. ft.
  • Lot area:0.26 Acres
  • Architectural Style:Victorian
  • Construction Materials:Vinyl Siding
  • Levels:2 Story

Schools

  • High school:Belleville High School-West
  • Middle school:MILLSTADT DIST 160
  • Elementary school:MILLSTADT DIST 160

Utilities

  • Water:Public

Finances and disclosures

  • Price:$385,000
  • Price per sq. ft.:$203.06
  • Tax amount:$5,434 (2024)

Features and amenities

  • Amenities:High Ceilings
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