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Collinsville,IL 62234
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,474 sqft
Price per Sqft $88
Subdivision Wing & Others Add/Collinsville
MLS Listing ID 25065876
Style Colonial,Traditional,Victorian
Year Built 1920
Annual Tax Amount $4,218
Lot Size 4,730 Sqft
Property Sub-Type 2-4 Units
Property Description
Downtown Collinsville Triplex – Investment or House Hack!
A rare opportunity just steps from Collinsville's vibrant downtown, this updated triplex offers both income potential and lifestyle flexibility. Featuring three units—two spacious 1-bedrooms and one comfortable 2-bedroom—this property is ideal for investors looking for steady cash flow or an owner-occupant wanting to house hack. Two units are already occupied, providing immediate rental income, while the third unit offers the option to move right in or lease for additional returns.
Recent updates include fresh paint, new flooring, and a tuckpointed basement, giving peace of mind and reducing future maintenance. Tenants enjoy both off-street and on-street parking, adding convenience and value.
What truly sets this property apart is its walkable location. Just minutes on foot to Collinsville's restaurants, coffee shops, and local businesses, residents can embrace the charm and community feel of downtown living while being only a short drive to St. Louis.
Whether you're looking to expand your portfolio or live affordably while your tenants help cover the mortgage, this property delivers. With strong rental potential and long-term upside in a growing market, this is an investment you won't want to miss.
Location
State IL
County Madison
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features false
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
Roof Type Architectural Shingle
Building
Lot Description Corner Lot
Story 2
Water Public
Structure Type Vinyl Siding
Schools
Elementary Schools Collinsville Dist 10
Middle Schools Collinsville Dist 10
High Schools Collinsville
School District Collinsville Dist 10
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard