Multi-Family for Sale: 1003 CHEROKEE ST., Collinsville, IL 62234 SOLD
3,240 sqft
$925,000
$925,000
1003 CHEROKEE ST.,
Collinsville, IL 62234 SOLD
3,240 sqft
$925,000
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Selling Price: $925,000
Original List Price: $1,085,000
Sold at 85.3% of list price
Sold Date: 09/27/2022
Type Multi-Family
Total Living Area 3,240 sqft
Lot Size 0.28 acres
Year Built 1979
Taxes Paid $3,296
City Collinsville
County St Clair-IL
Subdivision SENECA HILLS
MLS 22047024
Status Closed
DOM 72 days
YEARLY GROSS RENTAL INCOME OF $157,920 ! 100% occupied-This seller enjoyed a double digit cap rate! Check out this entire portfolio- includes 19 total units (11 properties), in this sale: Collinsville locations- 1002 Cherokee Dr. (4 unit) 03-04.0-209-005 ; 125 March Dr. 13-2-21-22-17-302-028; Granite City locations- 2637 Grand Ave 22-2-20-18-12-203-041 (2 unit); 2525 Grand Ave 22-2-20-18-15-403-074; 2510 Nameoki Rd. 22-2-20-17-15-403-002 (2 unit); 2316 Edwards St. 22-2-20-18-20-402-018; 2473 Center St. 22-2-20-18-10-102-002; 1105 Veterans Pkwy 22-2-20-18-10-104-007; 2453 Hodges Ave 22-2-20-17-13-305-014; 2747 Washington Ave 22-2-20-17-09-105-020 (possible 2 unit). Click through photos of each of the properties listed above. Don't let this opportunity pass you by- this seller spent 6 years building this portfolio-you can reap the benefits. Call for details - financial information & property updates list is available upon request. Tenants rights apply-do not disturb tenants.
Lot & Building Features
Construction Brick Veneer, Cedar
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Parking Lot
Sewer Public Sewer
Tax Year 2021
Water Public
Lot Dimensions 83.78 x 133.33 ft
Community and Schools
Junior High School COLLINSVILLE DIST 10
Senior High School Collinsville
Price History of 1003 CHEROKEE ST., Collinsville, IL
Date | Name | Price | Difference |
---|---|---|---|
07/17/2022 | Listing Price | $925,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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