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539 N 40th St
Belleville, IL 62226
Multi-Family Investment Property · Multifamily Property For Sale · 17 Units

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INVESTMENT HIGHLIGHTS

  • Located near North Belt West with strong retail and transit access
  • Post-2000 construction with recent renovations in 2005
  • Positioned in a revitalizing corridor with long-term growth potential
  • Fully leased with consistent income and professional management
  • Surrounded by schools, shopping, and public services
  • Includes 28 on-site parking spaces for tenant convenience

EXECUTIVE SUMMARY

17 Units in the heart of Belleville. (16) 1 Bed/1Bath Units – each 625 SF and (1) 2 Bed/1 Bath unit – 800 SF. Adjacent to main retail thoroughfare which has a strong employment base. Post 2000’s construction with exceptional management keeps these units in much better condition than the surrounding apartment inventory.
Located in the heart of Belleville, Illinois, 40th Street just off of North Belt West offers a highly accessible and well-established corridor ideal for both commercial and residential product. The area features a blend of single-family homes, multifamily properties, and convenient neighborhood services, creating a walkable, community-oriented environment.
With proximity to major thoroughfares, public transit (including MetroLink and MetroBus routes), and key amenities such as pharmacies (CVS and Walgreens), grocery stores (Schnuck’s and Save-a-Lot) , local farmer’s market, banking and local dining. North Belt West provides an ideal balance of suburban comfort and urban connectivity. The neighborhood is served by top-rated public schools in Belleville District 118 and Belleville West High School, adding to its appeal for families and long-term residents.
Ongoing city investment in infrastructure and community revitalization—particularly in nearby Ward 3—underscores the area’s growth potential and long-term value. Whether you’re investing, leasing, or looking to reposition assets, North Belt West represents a stable, high-demand location in the Metro East region.

PROPERTY FACTS

Price Per Unit $98,536 CAD
Sale Type Investment
Cap Rate 7.63%
No. Units 17
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.88 AC
Building Size 10,000 SF
No. Stories 2
Year Built/Renovated 2001/2005
Parking Ratio 1.65/1,000 SF
Zoning Multi-Family

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 16 - 625
2+1 1 - 800

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-08.0-317-037
Land Assessment
$11,954 CAD
Improvements Assessment
$125,236 CAD
Total Assessment
$137,191 CAD
  • Listing ID: 37793701

  • Date on Market: 2025-09-23

  • Last Updated:

  • Address: 539 N 40th St, Belleville, IL 62226

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