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Belleville,IL 62220
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $98
Subdivision Gibbins Add
MLS Listing ID 25054878
Year Built 1872
Lot Size 10,454 Sqft
Property Sub-Type 2-4 Units
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 one bedroom unit has its own concrete patio. 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.
Location
State IL
County St. Clair
Interior
Heating Forced Air,Natural Gas
Cooling Ceiling Fan(s),Central Air,Other,Varies by Unit
Laundry See Remarks,In Unit
Exterior
Exterior Feature Courtyard,Private Entrance,Uncovered Courtyard
Parking Features false
Fence Vinyl
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
Roof Type Flat
Building
Lot Description City Lot,Level,Near Public Transit
Story 2
Water Public
Structure Type Brick,Other
Schools
Elementary Schools Belleville Dist 118
Middle Schools Belleville Dist 118
High Schools Belleville High School-East
School District Belleville Dist 118
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition Standard