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$ 225,000
Est. payment /mo
Active
411 Sheridan ST Bethalto, IL 62010
2,520 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $89
Subdivision First Add
MLS Listing ID 26015888
Style Other
Year Built 1945
Annual Tax Amount $3,533
Lot Size 9,718 Sqft
Acres 0.2231
Property Sub-Type 2-4 Units
Property Description
Turnkey income-producing opportunity in Bethalto, IL with immediate cash flow and value-add upside. This well-maintained 3-unit property is ideal for investors seeking a mix of stability and growth. The main house features durable updates including newer siding and windows, and is thoughtfully divided into two units: a spacious 2-bedroom, 1-bath main level unit, and a 1-bedroom, 1-bath upper unit with a bonus room—perfect for increasing rental appeal and flexibility. A full basement provides additional storage and utility space, enhancing tenant convenience The standout feature is the detached carriage house—a fully remodeled, two-level unit offering 1 bedroom and 2 bathrooms. This unique layout commands strong rental interest and premium potential compared to typical 1-bedroom units. All units include private laundry—a highly desirable amenity that supports tenant retention and higher rents. Appliances are included as noted, minimizing upfront costs for a new owner. With two units already occupied, you'll benefit from immediate income while retaining the opportunity to optimize rents or owner-occupy one unit. The expense structure is straightforward: owner covers water, sewer, and trash, while tenants pay gas and electric, helping maintain predictable operating costs. Whether you're expanding your portfolio or entering the multifamily market, this property offers a compelling combination of current returns, tenant-friendly features, and long-term upside.
Location
State IL
County Madison
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
View Y/N No
Building
Water Public
Structure Type Wood Siding
Schools
Elementary Schools Bethalto Dist 8
Middle Schools Bethalto Dist 8
High Schools Bethalto
School District Bethalto Dist 8
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Ginny Becker • Landmark Realty