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$385,000
5 Beds
4 Baths
1,896sqft
23 W Laurel St, Millstadt, IL 62260
$385,000
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Multi Family
Built in 1902
$-- HOA
11,325.6 sqft lot
$203/sq.ft
Description
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
Prop...
- Houzeo last checked: 43 Minutes ago
- Listing updated: March 7, 2026 at 10:51 pm
- Listing Provided by: Judy Ross (618) 789-4379 , Doug Payne | Southern Illinois Realty, LLC (618) 792-8088
- Source: MARIS MLS-MO | MLS#: MIS26011659
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1902
HOA Fees
-
Finished Area
1,896 sqft
Lot Size
11,325.6 sqft lot
Basement Area
- sqft
MLS Name
MARIS MLS
MLS Number
MIS26011659
MLS Status
Active
Days on Market
20
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