$225,000

411 Sheridan Street, Bethalto, IL 62010

  • 2,520 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon9,718sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $89/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

Turnkey income-producing opportunity in Bethalto, IL with immediate cash flow and value-add upside. This well-maintained 3-unit property is ideal for investors seeking a mix of stability and growth. The main house features durable updates including newer siding and windows, and is thoughtfully divided into two units: a spacious 2-bedroom, 1-bath main level unit, and a 1-bedroom, 1-bath upper unit with a bonus room—perfect for increasing rental appeal and flexibility. A full basement provides additional storage and utility space, enhancing tenant convenience The standout feature is the detached carriage house—a fully remodeled, two-level unit offering 1 bedroom and 2 bathrooms. This unique layout commands strong rental interest and premium potential compared to typical 1-bedroom units. All units include private laundry—a highly desirable amenity that supports tenant retention and higher rents. Appliances are included as noted, minimizing upfront costs for a new owner. With two units already occupied, you’ll benefit from immediate income while retaining the opportunity to optimize rents or owner-occupy one unit. The expense structure is straightforward: owner covers water, sewer, and trash, while tenants pay gas and electric, helping maintain predictable operating costs. Whether you’re expanding your portfolio or entering the multifamily market, this property offers a compelling combination of current returns, tenant-friendly features, and long-term upside.

Listing Status:
Active
Date Added:
March 19, 2026
Data Last Updated:
March 28, 2026 at 1:17AM
Listing Office:
Landmark Realty : 618-466-1513
MLS ID:
26015888
  • Basement: Full
  • A/C: Central AirWindow Unit(s)
  • Heating: Forced AirNatural Gas
  • Style: Other
  • Other Structures: Porch
  • General: Wood SidingOther
  • Originating MLS: maris2
  • School District: Bethalto DIST 8
  • County: Madison
  • Zoning: 15-2-09-07-05-103-002
  • Utilities: Ameren
  • Water: Public
  • Source: maris2

This listing courtesy of Landmark Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Parkside Primary School

600 E Central St, Bethalto, IL, 62010

Grades 2-3

0.56 miles away

T

Trimpe Middle School

910 2nd St, Bethalto, IL, 62010

Grades 6-8

0.88 miles away

C

Civic Memorial High School

200 School St, Bethalto, IL, 62010

Grades 9-12

1.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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