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Commercial > Multi-family / Apartments
Active
2 weeks ago
List Price
$528,000

3503 Falling Springs Rd
Cahokia, IL 62206

  • Photo 0
  • Photo 1
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    • -
      Bed
    • -
      Bath
    • 3,240
      ft²
      Living Area
    • 0.7
      ac
      Lot Size
    • -
      Pool
    • -
      Car
    • 1985
      Year Built
    • 18
      DOM
    • -
      Permit
    3503 Falling Springs Rd, Cahokia, IL 62206 is a 3,240 ft² multi-family/apartments property built in 1985 on a 0.700 acre lot. This multi-family/apartments is currently listed for $528,000, and it was last sold in 2000 for $140,000.

      MLS Description

      The listing agent's description. Original Listing

      Excellent value-add multifamily investment opportunity in Cahokia Heights. This property includes two fully occupied apartment buildings on one parcel—offering a total of 11 units. The front building contains 4 units, including a studio and a 1-bedroom, while the rear building features 7 units, all with 2 bedrooms and 1 bathroom. Renovated in 2022, each unit includes modern conveniences such as air conditioning, ceiling fans, eat-in kitchens, and more. All 2025 leases are set at $975/month, supporting a projected gross rental income of $109,008 and an 8.32% CAP rate. Situated in a quiet residential area with 14 off-street parking spaces, screened tenants, and professional management already in place, this property offers immediate cash flow and long-term potential.

      Listing Agents

      The listing agent for 3503 Falling Springs Rd is Brendan Barone.

        BB

        Brendan Barone

        Kunkel Wittenauer Group, Inc

        License: 475.166300

        Phone: (618) 632-8200

      Current Ownership

      Information about the current owner(s).

      • Taxes Billed

        Taxes billed in 2024$11,642.16
        From latest Total Assessed Value19.02%
        Total Assessed Value$61,203
        =
        Land
        Assessed Value        $3,547
        +
        Additions
        Assessed Value        $57,656

        • In 2024, taxes billed for 3503 Falling Springs Rd were $11,642.16, which is 19.02% from latest Total Assessed Value of $61,203.

      Property History

      3503 Falling Springs Rd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

      Property Events

      Environment

      Environmental factors around 3503 Falling Springs Rd

      • Hazard Risks

        Tornado
        255
        Earthquake
        156
        Weather
        127
        Hail
        118
        Carb Mono
        103
        Nat'l Avg
        100
        Air Pollution
        96
        Particulates
        94
        Ozone
        90
        Lead
        72
        Wind
        62
        Hurricane
        34

        • 12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 3503 Falling Springs Rd.

        Walkability Index

        12 /20

        Somewhat Walkable

        Most Walkable

        20-18

        Very Walkable

        17-15

        Somewhat Walkable

        14-10

        Car Dependent

        9-0

        3503 Falling Springs Rd has a walkability score of 12 out of 20, which means that it is in a somewhat walkable area.

        Temperature

        Seasonal temperature sampled over multiple years

        Winter
        Average

        33 °F

        Low

        24°F

        High

        42°F

        Summer
        Average

        77 °F

        Low

        66°F

        High

        87°F

        In the winter at 3503 Falling Springs Rd, temperatures range from 23.87°F to 42.45°F with an average of 33.16°F. In the summer, the temperature ranges from 65.96°F to 87.48°F with and average of 76.72°F.

      School Information

      Public/private schools serving 3503 Falling Springs Rd

        Public Schools

        Oliver Parks School
        Grades: 6-6
        2.70  mi
        F
        Huffman Elementary School
        Grades: 3-5
        1.55  mi
        D-
        Cahokia High School
        Grades: 9-12
        1.22  mi
        D-
        Maplewood Elementary School
        Grades: KG-2
        0.66  mi
        8th Grade Academy
        Grades: 8-8
        2.70  mi
        F
        7th Grade Academy
        Grades: 7-7
        2.70  mi
        D-
        * The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.

        Nearby public schools serving 3503 Falling Springs Rd have ratings undefined, undefined, undefined, undefined, undefined, and undefined.

      Neighborhood

      This property is located in Judith Place, Cahokia, IL 62206.

        Crime Index for 62206

        137

        Above national average
        137

        The crime index in 62206 is 137, which is 1.4 times higher than national average.

      • Seasonal Housing units 62206

        0%

        of housing is for seasonal rent.

        Daytime Population for 62206

        -11%

        of people during work hours.

      Market Trends

      Historical market data near 3503 Falling Springs Rd over selected time period.

      Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

      Nearby Properties on Falling Springs Rd

      USAILSt. Clair CountyCahokiaFalling Springs-Rd