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Pending
    • Listing Provided by: Southern Illinois Realty, LLC
    $520,000

    855 M And O Station Rd, Millstadt, IL 62260

    12beds
    6baths
    3,600sqft
    : 
    Multi Family, Apartment
    Built in 1985
    -- sqft lot
    $-- Zestimate®
    $144/sqft
    $-- HOA

    What's special

    Kitchen with appliancesAll windows replacedQuiet country setting
    Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit. Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear asphalt parking lot for tenant convenience. Financials available to serious Pre-Approved Buyers Only! Recent major capital improvements minimize near-term expenses, including a new roof and 6" gutters installed in 2025 and all windows replaced. Located in a quiet country setting while remaining close to employment centers, retail, and services in the St. Louis metro area, supporting stable tenant demand. An ideal acquisition for investors seeking strong cash flow, solid fundamentals, and minimal deferred maintenance.
    50 days
    |
    18
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 24, 2026 at 10:50am

    Listing Provided by:

    Doug L Payne 618-792-8088,

    Southern Illinois Realty, LLC,

    Judy E Ross 618-789-4379,

    Southern Illinois Realty, LLC

    Source: MARIS,MLS#: 26006463MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 6
      Heating
      • Natural Gas
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Range Hood, Electric Range, Refrigerator, Electric Water Heater
      • Laundry: In Unit
      Features
      • Flooring: Carpet, Luxury Vinyl
      • Basement: Finished
      • Has fireplace: No
      Interior area
      • Total structure area: 3,600
      • Total interior livable area: 3,600 sqft
      • Finished area above ground: 3,600
      • Finished area below ground: 1,800
      Video & virtual tour

      Property

      Parking
      • Total spaces: 6
      • Parking features: Asphalt
      Features
      • Levels: Three Or More
      Lot
      • Size: 0.28 Acres
      Details
      • Parcel number: 1209.0305002
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Apartment Style
      • Property subtype: Multi Family, Apartment
      Materials
      • Vinyl Siding
      • Roof: Architectural Shingle
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1985

      Utilities & green energy

      • Water: Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Subdivision: O Station Sub
      HOA
      • Has HOA: No
      Location
      • Region: Millstadt

      Financial & listing details

      • Price per square foot: $144/sqft
      • Tax assessed value: $103,993
      • Annual tax amount: $8,310
      • Date on market: 2/5/2026
      • Cumulative days on market: 50 days
      • Listing terms: Cash,Contract,Conventional
      • Ownership: Private
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/24/2026Pending sale$520,000$144/sqft
        Source: MARIS #26006463 Report a problem
        2/11/2026Contingent$520,000$144/sqft
        Source: MARIS #26006463 Report a problem
        2/5/2026Listed for sale$520,000+52.9%$144/sqft
        Source: MARIS #26006463 Report a problem
        2/1/2023Sold$340,000+25.9%$94/sqft
        Source: Public Record Report a problem
        11/23/2010Sold$270,000$75/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2023$7,905 +5%$103,993 +9.8%
        2022$7,527 +3.8%$94,737 +8.1%
        2021$7,252 -0.1%$87,598 +0.7%
        2020$7,258 +3.2%$87,008 +4.3%
        2019$7,031 +3.7%$83,445 +3.7%
        2018$6,780 +99.2%$80,436 +1.4%
        2017$3,404 $79,346 -17.8%
        2016$3,404 -56.3%$96,511 +4.1%
        2014$7,795 +9.6%$92,719 +4.9%
        2013$7,111 $88,405 -4.7%
        2012-- $92,746 -0.4%
        2011-- $93,090 -3.6%
        2010-- $96,561 -21.4%
        2009-- $122,890
        2008-- $122,890 +11.4%
        2006-- $110,322 +6.2%
        2005$7,701 +8.2%$103,910 +7.8%
        2004$7,118 $96,365 +2.8%
        2003-- $93,750 +5.1%
        2002-- $89,166 +5.8%
        2001-- $84,302 +7.6%
        2000-- $78,333

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,393/mo
        Principal & interest
        $2561
        Property taxes
        $832
        More affordability tools

          Climate risks

          Neighborhood: 62260

          Getting around

          31 / 100
          Car-Dependent
          34 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Belleville Dist 118
          • Middle: Belleville Dist 118
          • High: Belleville High School-West

          Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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