913 Joliet Drive 1, Cahokia, IL 62206

Multi-Family Home
Built in 1964
9,583sqft lot
—— car garage
$——/sqft
Listed 29 days ago

Property Description

Turnkey 6-unit multifamily investment opportunity in Cahokia Heights. This fully occupied, professionally managed property features six 2-bedroom, 1-bath units with updated interiors and strong rental income. Recent renovations in 2022 and individual metering provide low-maintenance ownership. Located directly behind the post office and across from Cahokia High School. Current asking rents are $975/month per unit, generating a projected 2025 gross income of $55,608. With a 7.93% CAP rate and solid tenant base, this is a cash-flowing asset perfect for any investor.

Listing Status:: Pending
Date Added:: June 12, 2025 at 05:00AM
Listing Office:: Kunkel Wittenauer Group, Inc : 618-632-8200
MLS ID:: 25041158

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

Estelle Sauget School of Choice

1700 Jerome Ln, East Saint Louis, IL, 62206

Grades PK-8

0.48 miles away

Estelle Sauget School of Choice

1700 Jerome Ln, East Saint Louis, IL, 62206

Grades PK-8

0.48 miles away

Cahokia High School

800 Range Ln, East Saint Louis, IL, 62206

Grades 9-12

0.09 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.