Sold
Last Sold Price
12 beds6 baths3,600 sqft

855 M and O Station Rd, Millstadt, IL 62260

Multi FamilyProperty Type
0.28 acresLot Size
1985Year Built
$139/sq ftPrice per sq ft
6 carsParking Spaces

Description

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
...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.
  • Listed by: Doug Payne 618.792.8088 dougpayne21@yahoo.com • Southern Illinois Realty, LLC
  • Listed by: Judy Ross 618.789.4379 ross4913@gmail.com • Southern Illinois Realty, LLC
Listing closed: 04/03/2026 12:00 AM • Source: MARIS, MLS#: 26006463
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Location

Listing Courtesy of Southern Illinois Realty, LLC

Sold By Southern Illinois Realty, LLC

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Payment Calculator

$3,362 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,669

Property Taxes

$693

HOA Dues

$0

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Property Information for 855 M And O Station Road

Property Details

  • Taxes: $8,310 / year
  • MLS Type: Residential Income / 5 Family or More
  • Architectural Style: Apartment Style
  • Waterfront: No
  • Cross Street: Il Rt 158

Building Information

  • Residences: 6
  • Year Built: 1985
  • Lot Size: 0.28 AC / 12,196 SF

Summary

Location and General Information
  • City: Millstadt
  • County Or Parish: St. Clair
  • Latitude: 38.456821
  • Longitude: -90.103554
  • Postal Code: 62260
  • State Or Province: IL
  • Sub division Name: O Station Sub
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 12-09.0-305-002
  • Tax Annual Amount: $8,310.00
  • Tax Legal Description: M & O Station Sub, Lot/Sec-2 A02772571
  • Tax Year: 2024
  • AssociationYN: No
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Asphalt
  • Parking Total: 6.0
School Information
  • Elementary School: BELLEVILLE DIST 118
  • High School: Belleville High School-West
  • High School District: Belleville DIST 118
  • Middle Or Junior School: BELLEVILLE DIST 118
Virtual Tour

Property

Lot Information
  • Living Area: 3600.0
  • Lot Size Acres: 0.28
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 12196.8
  • Property Condition: Updated/Remodeled
  • Property Sub Type: 5 Family or More
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 3600.0
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 1800.0
  • Below Grade Finished Area Source: Assessor
  • Documents Count: 0
  • Photos Count: 20
  • Year Built: 1985
  • Disclosures: No Other Known Restrictions, Occupancy Permit Required
  • Construction Materials: Vinyl Siding
  • Ownership Type: Private
  • NewConstructionYN: No
  • StructureType: Apartment Building
  • BuyerFinancing: Conventional
  • SeniorCommunityYN: No
  • NumberOfUnitsLeased: 5
Utilities
  • Utilities: Cable Available
  • Water Source: Public

Interior and Exterior Features

Exterior Features
  • Roof: Architectural Shingle
  • Pool Private: No
  • MIS_PoolYN: No
  • NumberOfBuildings: 1
Interior Features
  • Appliances: Range Hood, Electric Range, Refrigerator, Electric Water Heater
  • Basement: Finished
  • Basement YN: Yes
  • Levels: Three Or More
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0
  • Cooling: Ceiling Fan(s), Central Air
  • Fireplace: No
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • LivingAreaSource: Assessor
  • MIS_MainAndUpperLevelBedrooms: 0
  • MIS_MainAndUpperLevelBathrooms: 0

Multi Family

Multi-Family Information
  • Number Of Units In Community: 6
  • Number Of Units Total: 6
Income & Expenses
  • Net Operating Income: $53,222.00
Unit 1
  • UnitType Beds Total: 2.0
Unit 2
  • UnitType Beds Total: 2.0
Unit 3
  • UnitType Beds Total: 2.0
Unit 4
  • UnitType Beds Total: 2.0
Unit 5
  • UnitType Beds Total: 2.0
Unit 6
  • UnitType Beds Total: 2.0

Property History for 855 M And O Station Road

DateEvent & SourcePriceAppreciation
Apr 3, 2026

Closed

MARIS #26006463

$500,000—
Apr 1, 2026

Closed (Public Record)

Public Record #1935739474

$500,000

+13.0% / yr

Mar 23, 2026

Pending

MARIS #26006463

—
DateEvent & SourcePrice
04/03/2026

Closed

MARIS #26006463

$500,000
04/01/2026

Closed (Public Record)

Public Record #1935739474

$500,000

+13.0% / yr

03/23/2026

Pending

MARIS #26006463

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

855 M And O Station Road

Total Finished SqFt

1,800 SqFt

Above Grade Finished SqFt

1,800 SqFt

Lot Size

12,197 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1985

Year Renovated

2000

Schools near 855 M And O Station Road

This home is within Belleville Twp Hsd 201 School District.
Rating
School
Type
Grades
Distance
Public - 3 to 8
Public - 9 to 12
Public - PK to 2
Public - 9 to 12
Rating
School
Distance
Millstadt Consolidated School
Public3 to 8

Belleville High School-West
Public9 to 12

Millstadt Primary Center
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Southern Illinois Realty, LLC

Based on information submitted to the MLS GRID as of 04/03/2026 01:20 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.