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3503 Falling Springs Road, Cahokia, IL 62206

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For Sale

$640,000

0.7 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.7 acres
    Lot size

  • 31-40 Years Old
    Age

Explore this Property

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.
MLS# 25041411

Courtesy Of Kunkel Wittenauer Group

(618) 632-8200

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    New Traditional
  • Exterior Type
    Brick
  • Lot Size
    0.7 Acres

Map and Directions

Directions to 3503 Falling Springs Road, Cahokia, IL 62206

Home seller CENTURY 21 Bailey & Co.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Bailey & Co.

(618) 931-2121
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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