Active

23 W Laurel Street

Millstadt, IL 62260

$385,000 $1,623/Mo

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Overview

Bed

Bath

1,896

Sqft

0.26

Acre(Lot)

Description

Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential. Income-Producing Details: • Gross Monthly Income: $3,625 • Monthly Expenses: $1,212 • Net Monthly Income: $2,413 • Additional Income Potential: 2-car garage rentable for approx. $100–$150/month • Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our area Unit Breakdown: • Three (3) units: 1 bedroom, 1 bath • One (1) unit: 2 bedrooms, 1 bath Property Highlights: • Hardwood or luxury vinyl plank flooring throughout • Updated kitchens with new cabinetry • Updated ba throoms • Separate electric meters for each unit • Refrigerators and electric range/oven included in all apartments • Roof on main house less than 10 years old • New siding (2016) • New roof on garage (2026) This well-maintained property offers immediate income with upside potential through garage rental and future rent adjustments. Strong curb appeal, historic character, and a prime in-town location make this a standout addition to any investment portfolio. A minimum of 24 hour notice required. Preappproval or proof of funds must be provided to listing agent before viewing.

Property Details

Property Type : Residential Income

Price : $385,000

AD Id : 75758443

MLS Id : MIS26011659

Lot Size : 0.26 Acre

Living Area Size : 1,896

Year Built : 1902

Garage : 2

County : Saint Clair

Subdivision: Randlemans 1st Add

Map

What's Nearby

Nearby Areas

Features

Interior Features

Ceiling Fan(s), High Ceilings, Historic Millwork Appliances: Free-Standing Electric Oven, Refrigerator
Flooring Information

Flooring: Hardwood, Luxury Vinyl Construction Materials: Vinyl Siding
Heating & Cooling

Heating: Radiant Cooling: Ceiling Fan(s), Separate Meters, Wall/Window Unit(s) WaterSource: Public

Building Information

Year Built: 1902

Lot Information

Lot Square Feet: 11325.6 Lot Acres: 0.26

Property Information

Property Type: Residential Income Sub Type: 2-4 Units Style: Victorian Structure Type: Quadruplex

Listing Price Information

Original List Price:$385000

Tax Information

Tax Legal Description: Rendlemans 1st Add Lot/Sec-65 W 25ft Lt 64 & All Lt 65 A02085649 Annual Tax: $5434 Tax Year: 2024 Parcel Number: 12-09.0-423-017

Virtual Tour

Virtual Tour (External Link)

Parking Information

Off Street

Garage Information

Has Garage: Yes Garage Space: 2

School Information

Elementary School: MILLSTADT DIST 160 Junior High School: MILLSTADT DIST 160 Senior High School: Belleville High School-West
Utility Information

Cable Available, Sewer Connected Water Source: Public
Location Information

Subdivision: Randlemans 1st Add City: Millstadt

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
25 Blackburn Manor, Millstadt, IL, 62260	$399,900	--	--	1,256	1,256 SqFt

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ByOwner last updated this listing 06/28/2026 @ 18:20

MLS: MARIS2 #26011659 LISTED BY: Judy Ross, Southern Illinois Realty, LLC 618-792-8088 SOURCE: MARIS MLS (Listings courtesy of MARIS MLS as distributed by MLS GRID)