3503 Falling Springs Road, Cahokia, IL 62206

Multi-Family Home
Built in 1985
0.7acre lot
—— car garage
$——/sqft
Listed 28 days ago

Property Description

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.

Listing Status:: Active
Date Added:: June 13, 2025 at 05:00AM
Listing Office:: Kunkel Wittenauer Group, Inc : 618-632-8200
MLS ID:: 25041411

A/C: Central Air

This listing courtesy of Kunkel Wittenauer Group, Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Maplewood Elementary School

600 Jerome Ln, East Saint Louis, IL, 62206

Grades KG-2

0.67 miles away

Estelle Sauget School of Choice

1700 Jerome Ln, East Saint Louis, IL, 62206

Grades PK-8

1.44 miles away

Cahokia High School

800 Range Ln, East Saint Louis, IL, 62206

Grades 9-12

1.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.