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 (800) 325-7700

1705 Jamestown, Belleville, IL 62226

$2,600,000.00

  • 0 BedBeds
  • 0 Full BathFull Baths
  • 0 Half BathHalf Baths
  • Sqft
  • Multi-Family
  • Sold
  • MLS# 18020172
  • Open House
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Jamestown Apartments is a value add opportunity consisting of 76 units (all 2 bed/1 bath) apartment complex with a 2,400 SF on-site office. The asking price is $2,900,000 ($38k per unit with an in-place cap rate above 7.8%). There is significant upside with raising rents to market rate. This apartment community is located in Belleville, Illinois and is minutes to Scott Air Force Base, Lindenwood University and Southwestern Illinois College. Updates over the last 5 years includes the following: • New roofs • New AC units • New flooring, cabinets & vanities • Major landscaping updates (2017) VALUE ADD OPPORTUNITY Current rents are well below competitive market / Value-add component – effective rents at Jamestown are below that of competitors’ rents. Significant rent growth is possible and supported by the property’s location, sub market desirability and ongoing growth in the area. 3.87 Acres (21 Tax Parcels);08-17.0-407-089, 090-092, 095-097, 100-107, 120-123 & 136.


Listing courtesy of CR Holland Real Estate

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Property Information1705 Jamestown, Belleville, IL 62226

  • Property TypeMulti-Family
  • Sold Price$2,600,000.00
  • Sqft
  • Bed Beds 0
  • Full Bath Full Baths 0
  • Half Bath Half Baths 0
  • CityBelleville
  • StateIL
  • Zip62226
  • Age49
  • Acres0.3950
  • CoolingCentral-Electric, Central-Gas
  • HeatingForced Air
  • Heat SourceElectric, Gas
  • WaterPublic
  • Water HeatElectric, Gas
  • SewerPublic
  • Parking DescriptionParking Lot
  • School DistrictBelleville DIST 118
  • Elementary SchoolBELLEVILLE DIST 118
  • Middle SchoolBELLEVILLE DIST 118
  • High SchoolBelleville High School-West

Price & Status History

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  • Previous Status
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Days On Market

  • This property has been listed on the market for days
  • Average days on market for homes between $263,200-$394,800 = (in zip code 29926)
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Mortgage Information


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Monthly insurance: 
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Monthly taxes: 
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Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. 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.

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