USAILBellevilleHighland Add202 Wabash Ave

202 Wabash Ave, Belleville, IL

Name: 202 Wabash Ave, For Sale in Belleville - Zoocasa
Brand: Keller Williams Pinnacle
SKU: 26044473
Price: 140000 USD

House

For Sale

Listed price in listed location currency (USD).

$140,000

000

MLS® 26044473

Overview

Key Facts

Type

Levels Residential Income

Size 1426 sqft

Garage

Taxes $2,743

Days Active 12

Lot Size 0.1 Acres

Approx. Age 1893

Avg. Price Per Sqft $98

MLS® Number 26044473

Property Address: 202 Wabash Ave, Belleville, IL, 62220-3840

Average square foot calculated using Size range provided by listing agent.

Description

Don't miss this fully occupied duplex offering immediate rental income with $18, 000 in current annual gross rental income and excellent upside potential. The property features two occupied units on month-to-month leases, providing flexibility for investors while maintaining consistent cash flow. The upper unit is currently rented for $850 per month, while the lower unit, with its own private entrance and separate exit, is rented for $650 per month. Both rents are below current market value, presenting an opportunity to increase future income. Market rents are estimated at approximately $1, 000 per month for the upper unit and $850 per month for the lower unit. Recent improvements include replacement of the tub faucet plumbing fixture and repairs to the back and side sections of the roof, helping reduce immediate maintenance needs. Tenants are responsible for gas and electric, while the owner pays water, sewer, trash, and seasonal lawn care. Current owner expenses include approximately $375–$400 per month for water, sewer, and trash. $110 per month for landscaping during the mowing season. With no vacancies, separate entrances for both units, below-market rents, and significant potential to increase cash flow, this duplex is an outstanding opportunity for investors looking to expand their portfolio with a property that offers both immediate income and future appreciation potential.

MLS® Number26044473

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1893

BasementBathroom, Full, Sleeping Area, Walk-Out Access

Driveway

Garage Spaces

HeatForced Air

A/CWindow Unit(s)

Extras

Map

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