511 E Main Street, Belleville, IL 62220

$450,000
  • 511 E Main Street, Belleville, IL 62220 Main Photo

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Active Under Contract
BEDS0 BATHS SQUARE FEET5,100 MLS#25054878
STATUSActive Under Contract PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONGibbins Add SCHOOLBelleville DIST 118

Property Description

Here is your opportunity to purchase 4 fabulous income generating lofts under one roof in downtown Belleville. The Brass Lantern Lofts is a wonderful 1872 building that was brought back to life in 2019 with extensive work done to the main floor including all new electrical, plumbing, walls, HVAC, and the list goes on. Three units are on the ground floor, two of them are two bed two bath, and are approximately 1300 square feet. The two bedroom units each have their own courtyards. The other first floor unit is a one bed one bath and is approximately 900 square feet. The upper level was updated nicely and had new HVAC installed in 2022 along with a new deck and back stairs last year. The upper unit is a 3 bedroom one bath and is approximately 1600 square feet. All units have stainless steel appliances and washer and dryer hookups. Owner pays water, sewer, and trash for the ground floor units. The upper unit pays their own water and sewer bill. Each loft gets two parking spaces, there are 18 spaces so that leaves 5 spaces to rent for additional income. These units will only appreciate in value and there are only so many lofts/apartments in the downtown area. This area of Belleville has become more desirable as time has gone on. Pre-approval of proof of funds required to view this property. All information to be verified by buyer and buyer's agent.

511 E Main Street | MLS# 25054878

This multi-family property located at 511 E Main Street, Belleville, IL 62220 is currently listed for sale with an asking price of $450,000. E Main Street is located within the Belleville DIST 118 school district. Search Belleville real estate on www.strano.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air, Other, Varies by Unit
Heating: Forced Air, Natural Gas
Home Style: Historic, Loft
Lot Size: 0.24 Acres
Roof Type: Flat
Taxes: $4,756
Year Built: 1872

Feature Descriptions

Appliances: Stainless Steel Appliance(s)
Days on Site: 231
Exterior: Brick, Other
Fencing: Vinyl
Laundry: See Remarks, In Unit
Lot: City Lot, Level, Near Public Transit
Parcel#: 08-22.0-336-024
Parking: Alley Access, Gravel
Parking Notes: Alley Access, Gravel
SQFT. Above Grade: 5100
Units: 4
Water: Public

Local Schools

High School: Belleville High School-East
Middle School: BELLEVILLE DIST 118
Elementary School: BELLEVILLE DIST 118
School District: Belleville DIST 118

Listed By / Shown By

Listed By

Agency Name: RE/MAX Preferred

Shown By

Agency Title: Strano & Associates
Agency Phone: 618-277-7653

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Estimated Payment

$ 1,529.09 per month $1,001.50 Principal & Interest $396.33 Property Tax $131.25 Homeowner's Insurance

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