502 Wadsworth Street, Collinsville, IL 62234

• 4,334 sqft

Property Description

Opportunity for Value Added Multifamily Project in Historic "McKinley School" building that was converted to 4 -One Bedroom Apartments. Apartments are large enough to renovate into Two Bedroom units with a potential 5th "partially finished" apartment in the basement (not counted in room count or square footage) that would need Code Compliance and Egress to utilize. 2 Story all brick building with carport, coin-op laundry and additional parking. Owner pays for Water, Sewer and Trash as well as gas for heat (boiler for radiant heaters) and hot water. All four units have central air so the potential to remove the boiler and add furnaces to remove the gas expense for the apartments is worth investigating. Financials are based on Actual 2025 YE numbers and currently 2 units are vacant (may change as listing progresses) and listed for rent starting Monday 4/27/26 for $825. Building to be sold as-is. Call your favorite Realtor to view vacant unit and write offer subject to/contingent on seeing and approving all 4 units within 72 hours of accepted offer.

Listing Status:

Active

Date Added:

April 27, 2026

Data Last Updated:

May 11, 2026 at 9:18PM

Listing Office:

Hartmann Realtors, Inc : 618-344-7900

MLS ID:

26025429

Interior

• Appliances: Range
• Basement: Full
• A/C: Ceiling Fan(s)Central Air
• Heating: Natural GasHot WaterRadiant

Exterior

• Style: Apartment Style
• Parking: CarportParking spaces: 4

Construction

• General: BrickTwo

Location

• Originating MLS: maris2
• School District: Collinsville DIST 10
• County: Madison

Lot

• Zoning: 13-2-21-27-09-104-012

Utilities

• Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedAmeren
• Water: Public

Financial

• Source: maris2