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24820303
24820304

539 N 40th St, Belleville, IL 62226

CM
IL 475188628, MO 2019029904
Barbermurphy Group
Listed by Barbermurphy Group
$1,200,000
363 days on market
Updated 36 days ago

Multi-Family Investment Property

Details
APN 08080317036, 08080317037
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,800
Units 17
Cap Rate 7.63%
NOI $91,500
Year Built 2001
Year Renovated 2005
Buildings 2
Stories 2
Zoning Multi-Family

17 Unit Apartment Complex for Sale

Marketing description

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.

Listing Contacts

CM
IL 475188628, MO 2019029904
Barbermurphy Group
Listed by Barbermurphy Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$91,500.00
$7,625.00/mo

Valuation Metrics

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DSCR
7.63%
Cap Rate
7.63%
ROI

Map

Zoning

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B-1 ResidentialMulti FamilyMultifamily Residence
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View all 31 uses
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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