$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 1 month 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:
Pending
Date Added:
March 19, 2026
Data Last Updated:
May 12, 2026 at 7:16AM
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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