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913 Joliet Dr
Cahokia, IL 62206
25 Units For Sale · Multifamily Property For Sale
INVESTMENT HIGHLIGHTS
- New Tenants are paying $975 per month for units that are not renovated.
- The area has a high demand for rental units.
- 88% occupancy.
- 10 minute drive from Downtown St. Louis, MO.
EXECUTIVE SUMMARY
3503 Falling Springs is a single parcel with a single story, 4-unit apartment building and a 2-story, 7-unit apartment building. Sale also includes a 2-story, 6-unit apartment building located at 913 Joliet Drive. The properties are both located in Cahokia Heights, IL and are 1.5 miles away from each other. Occupancy is currently at 88%. 2025 lease rate for new tenants is at $975 per month. There is very high demand for apartment housing in Cahokia Heights. Previous vacancies have all had multiple applications submitted the first week the units were on the market to be rented.
PROPERTY FACTS
| Price / SF | $121.75 CAD / SF | Number of Properties | 3 |
| Cap Rate | 7.25% | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 13,580 SF |
| Status | Active | Total Land Area | 1.25 AC |
| Price / SF | $121.75 CAD / SF |
| Cap Rate | 7.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 2 |
| Total Building Size | 13,580 SF |
| Total Land Area | 1.25 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 913 Joliet Dr, Cahokia, IL 62206 | Multifamily | 5,500 SF | 1974 | $396,806 CAD |
| 3503 Falling Springs Rd, Cahokia, IL 62206 | Multifamily | 5,000 SF | 1985 | $727,478 CAD |
| 4017 Mississippi Ave, Cahokia, IL 62206 | Multifamily | 3,080 SF | 1980 | - |
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