Multi-Family for Sale: 1450 -1460 Morgan Street, Swansea, IL 62226 SOLD
7,800 sqft
$1,600,000
$1,600,000
1450 -1460 Morgan Street,
Swansea, IL 62226 SOLD
7,800 sqft
$1,600,000
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Selling Price: $1,600,000
Original List Price: $1,650,000
Sold at 97.0% of list price
Sold Date: 02/04/2025
Type Multi-Family
Square Footage 7,800 sqft
Lot Size 1.07 acres
Year Built 1972
Taxes Paid $25,093
City Swansea
County St Clair-IL
Subdivision n/a
MLS 24071786
Status Closed
DOM 19 days
Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan has storage lockers for tenants. 10 x 12 storage shed on site for property manager use. Owner has meticulously maintained the property with routine maintenance as needed over the years. City of Swansea Occupancy inspections have been completed with each vacancy. Don't miss your chance to own a significant income asset with excellent potential. Properties to be sold together and not separately.
Lot & Building Features
Construction Brick Veneer, Concrete
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Guest Parking, Space/Unit - 1, Parking Lot
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 1.07 ft
Community and Schools
Junior High School HIGH MOUNT DIST 116
Senior High School Belleville High School-West
Price History of 1450 -1460 Morgan Street, Swansea, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 11/21/2024 | Listing Price | $1,600,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by Re/Max Alliance, Betsy Butler & Karen Marcus
Sold by Zdefault Office, Default Zmember
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 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Re/Max Alliance Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange |