Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential. Income-Producing Details: • Gross Monthly Income: $3,625 • Monthly Expenses: $1,212 • Net Monthly Income: $2,413 • Additional Income Potential: 2-car garage rentable for approx. $100–$150/month • Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our area Unit Breakdown: • Three (3) units: 1 bedroom, 1 bath • One (1) unit: 2 bedrooms, 1 bath Property Highlights: • Hardwood or luxury vinyl plank flooring throughout • Updated kitchens with new cabinetry • Updated bathrooms • Separate electric meters for each unit • Refrigerators and electric range/oven included in all apartments • Roof on main house less than 10 years old • New siding (2016) • New roof on garage (2026) This well-maintained property offers immediate income with upside potential through garage rental and future rent adjustments. Strong curb appeal, historic character, and a prime in-town location make this a standout addition to any investment portfolio. A minimum of 24 hour notice required. Preappproval or proof of funds must be provided to listing agent before viewing.
Turnkey investment opportunity in Millstadt! This income-producing 3-unit multifamily property offers immediate cash flow with current rents at $850, $850, and $1,250 per month. Great opportunity for investors looking to expand their portfolio. Strong rental demand, and future upside potential make this property a smart addition to any investment strategy. Convenient location near local amenities and easy access to surrounding areas. Don’t miss your chance to own this cash-flowing triplex! Property being sold AS IS.
Fantastic Investment Opportunity in Millstadt! This well-maintained duplex is perfect for owner-occupants or savvy investors. Located in a quiet, established neighborhood. Enjoy the charm of small-town living with convenient access to Belleville, Scott AFB, and downtown St. Louis. Whether you're looking to expand your rental portfolio or live in one unit and rent the other, this duplex is a smart buy with solid rental potential! Rents are $1,000 and $1,050 month to month.

Millstadt is located in Illinois. Millstadt, Illinois has a population of 4,071. Millstadt is more family-centric than the surrounding county with 38.18% of the households containing married families with children. The county average for households married with children is 26.14%.
The median household income in Millstadt, Illinois is $85,845. The median household income for the surrounding county is $63,017 compared to the national median of $69,021. The median age of people living in Millstadt is 42.4 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 22.5 degrees. The average rainfall is approximately 42.3 inches per year, with 12.8 inches of snow per year.