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About This Home

This 0-bedroom, 0-bathroom residential multi family at 6500 Saint Clair Avenue in East Saint Louis, IL is listed for $300,000. Built in 1924, on a 0.62 acres lot.

Agent Description

Here is your chance to make a smart investment that will continue to make you money for the rest of you life! Whether you are a seasoned investor or new to the business this property will provide you the residual income you have been looking for. These two buildings have 17 units (14 & 3) combined, a storage room, and a laundry room.

The majority of the units are vacant and they range from almost ready to move in to we need to gut this one condition. Most are in pretty good condition but need some minor TLC and freshening up. Most units have a refrigerator, stove/range, and a window a/c unit, all these will stay with the property.

One bedroom rentals with an East St Louis zip code are renting between $900-$1000 per month depending on whether or not utilities are included. Be sure to contact the St. Clair County Housing Authority (which serves East St. Louis) for their latest payment standards for 1-bedroom units to get the most accurate figure.

These two properties are side by side and will be sold for one AS IS price. Buildings are currently on septic systems and some repair or replacement will be needed. Buyer and buyer's agent to verify all information. Property is being sold 100% AS IS. Seller will not do any inspections, repairs, or credits for repairs. Inspections are for buyer's knowledge only.

Key Features

  • Built in 1924
  • 0.62 acre lot

Property Details

1924

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$88

Estimates only. Actual payments may vary.

Location

6500 Saint Clair Avenue

East Saint Louis, IL 62203

Jeromes Sub

Features & Amenities

Exterior Features

Level

Property Details

Construction

StuccoVinyl Siding

Parking

GarageOff StreetOpenParking LotUnassigned

Heating

Baseboard

Cooling

Multi UnitsWall/Window Unit(s)Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 6500 Saint Clair Avenue is listed at $300,000. The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.

Key features include: Built in 1924, 0.62 acre lot. Exterior Features: Level.

This property is listed by Jason Buss and can be reached at 6185801016 or jasonbuss@remax.net.

JB

Jason Buss

Agent at RE/MAX Preferred

(618) 580-1016

Listed by RE/MAX Preferred · View on Broker Site

MLS# 26000103· Source: listhub· Updated today

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6500 Saint Clair Avenue, East Saint Louis, IL 62203

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