855 M and O Station Rd




















Description
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 • Southern Illinois Realty, LLCP: (618)-792-8088 C: (618)-792-8088 dougpayne21@yahoo.com
- Listed by Judy Ross • Southern Illinois Realty, LLCP: (618)-789-4379 C: (618)-233-1101 ross4913@gmail.com
Property Details for 855 M And O Station Road
Property Details for 855 M And O Station Road
| Status | Closed |
|---|---|
| MLS # | 26006463 |
| Days on Market | 46 |
| Taxes | $8,310 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income / 5 Family or More |
| Year Built | 1985 |
| Lot Size | 0.28 AC / 12,196 SF |
| County | St. Clair County |
Location
Sold By Southern Illinois Realty, LLC
Building Information for 855 M And O Station Road
Payment Calculator
$3,210 per month
30 year fixed, 6.46% Interest
$2,518
$693
$0
Property Information for 855 M And O Station Road
- 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
- 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
- Carport: No
- Garage: No
- Parking Features: Asphalt
- Parking Total: 6.0
- 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 URL Unbranded: https://www.corelistingmachine.com/home2/PA3T5T
- 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
- 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: Cable Available
- Water Source: Public
- Roof: Architectural Shingle
- Pool Private: No
- MIS_PoolYN: No
- NumberOfBuildings: 1
- 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
- Number Of Units In Community: 6
- Number Of Units Total: 6
- Net Operating Income: $53,222.00
- UnitType Beds Total: 2.0
- UnitType Beds Total: 2.0
- UnitType Beds Total: 2.0
- UnitType Beds Total: 2.0
- UnitType Beds Total: 2.0
- UnitType Beds Total: 2.0
Property History for 855 M And O Station Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 3, 2026 | Closed MARIS #26006463 | $500,000 | — |
| Mar 23, 2026 | Pending MARIS #26006463 | — | |
| Feb 10, 2026 | Active Under Contract MARIS #26006463 | — | |
| Feb 5, 2026 | Listed (Active) MARIS #26006463 | $520,000 | — |
| Jan 31, 2023 | Closed (Public Record) Public Record #1505303858 | $340,000 | +1.9% / yr |
| Nov 22, 2010 | Closed (Public Record) Public Record #300520024 | $270,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/03/2026 | Closed MARIS #26006463 | $500,000 |
| 03/23/2026 | Pending MARIS #26006463 | — |
| 02/10/2026 | Active Under Contract MARIS #26006463 | — |
| 02/05/2026 | Listed (Active) MARIS #26006463 | $520,000 |
| 01/31/2023 | Closed (Public Record) Public Record #1505303858 | $340,000 +1.9% / yr |
| 11/22/2010 | Closed (Public Record) Public Record #300520024 | $270,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 855 M And O Station Road
Schools near 855 M And O Station Road
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 | ||
Belleville Twp High School-Night/Alt School Public9 to 12 |
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
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.




















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