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William Milby

williammilbyrealtor@gmail.com +1(618) 978-7520

$ 100,000

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Open 1/25 2:35PM-4:30PM

411 Gray BLVD East St Louis, IL 62205

8,540 SqFt

Open House

Sun Jan 25, 2:35pm - 4:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 8,540 sqft

Price per Sqft $11

Subdivision C L Grays

MLS Listing ID 26002400

Style Other

Year Built 1920

Annual Tax Amount $5,135

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type 5 Family or More

Property Description

Price listed is Starting Bid Only. Bidding starts closing 1/28/2026 @ 5:30PM Discover your chance to own a potential filled, income-producing asset in the heart of East St. Louis. This partially leased 16-unit building generates $5,300 in monthly rental income at the current rental rates, offering immediate cash flow and long-term investment potential. The building features 16 studio apartments with each unit on individual electric meters and breaker box with radiant heating. Currently, the owner pays for water, trash and gas for the building with the tenants responsible for electric, keeping operational costs manageable and transparent. All units share two continuous pumping hot water heaters and have radiant heat through a gas-powered boiler. In addition, a new roof was installed on the building in 2020. Zoned C-Commercial within the City of East St. Louis zoning jurisdiction, the building is currently operating as a multi-unit apartment building, with any alternate use requiring city approval. Situated on a 0.47+/- acre corner lot with dedicated rear parking with additional off-street parking available and conveniently located near public transit, schools, and major Metro East roadways, this property combines accessibility with strong rental appeal. With 11 rented units, this is a smart investment whether you are expanding your portfolio or stepping into multifamily real estate for the first time. Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers. Showings available on open house date only due to Tenants occupying property.

Location

State IL

County St. Clair

Rooms

Basement Full

Interior

Heating Radiant

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace Y

Exterior

Parking Features false

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Shingle

Private Pool false

Building

Story 2

Water Public

Level or Stories Two

Structure Type Brick,Other

Schools

Elementary Schools East St Louis Dist 189

Middle Schools East St Louis Dist 189

High Schools East St Louis

School District East St Louis Dist 189

Others

Ownership Private

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Auction, Listing As Is

Listed by Adam Jokisch • Adams Auction & Real Estate Services Inc.

William Milby

Realtor | License ID: 475.184099

+1(618) 978-7520

William Milby

411 Gray BLVD East St Louis, IL 62205

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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411 Gray BLVD