BEDS0
BATHS
SQUARE FEET2,520
MLS#26015888
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFirst Add
SCHOOLBethalto DIST 8
Property Description
Turnkey income-producing opportunity in Bethalto, IL with immediate cash flow and value-add upside. This well-maintained 3-unit property is ideal for investors seeking a mix of stability and growth. The main house features durable updates including newer siding and windows, and is thoughtfully divided into two units: a spacious 2-bedroom, 1-bath main level unit, and a 1-bedroom, 1-bath upper unit with a bonus room-perfect for increasing rental appeal and flexibility. A full basement provides additional storage and utility space, enhancing tenant convenience The standout feature is the detached carriage house-a fully remodeled, two-level unit offering 1 bedroom and 2 bathrooms. This unique layout commands strong rental interest and premium potential compared to typical 1-bedroom units. All units include private laundry-a highly desirable amenity that supports tenant retention and higher rents. Appliances are included as noted, minimizing upfront costs for a new owner. With two units already occupied, you'll benefit from immediate income while retaining the opportunity to optimize rents or owner-occupy one unit. The expense structure is straightforward: owner covers water, sewer, and trash, while tenants pay gas and electric, helping maintain predictable operating costs. Whether you're expanding your portfolio or entering the multifamily market, this property offers a compelling combination of current returns, tenant-friendly features, and long-term upside.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air, Window Unit(s)
Heating: Forced Air, Natural Gas
Lot Size: 0.22 Acres
Taxes: $3,533
Year Built: 1945
Feature Descriptions
Days on Site: 2
Exterior: Wood Siding
Parcel#: 15-2-09-07-05-103-002
Water: Public
Local Schools
High School: Bethalto
Middle School: BETHALTO DIST 8
Elementary School: BETHALTO DIST 8
School District: Bethalto DIST 8
Listed By / Shown By
Listed By
Agency Name: Landmark Realty
Shown By
Agent Name: Jay Kehrer
Agent Phone: (618) 670-2422
Agency Title: Strano & Associates
Estimate Your Payment
Estimated Payment
$ 898.55 per month $534.14 Principal & Interest $294.42 Property Tax $70.00 Homeowner's InsuranceChange Payment Information
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411 Sheridan Street | MLS# 26015888
This multi-family property located at 411 Sheridan Street , Bethalto, IL 62010 is currently listed for sale with an asking price of $239,999. Sheridan Street is located within the Bethalto DIST 8 school district. Search Bethalto real estate on jkehrer.strano.com today.