Description
Turnkey cash-flow opportunity with immediate income in place! This professionally managed 3-bedroom, 1-bath ranch has just been leased at $850/month with a tenant scheduled to move in on 6/22, making this an ideal low-hassle addition to any investment portfolio. Major capital improvements have already been completed, including a brand-new furnace, new A/C unit, and a new water heater being installed this week. The roof is only two years old, significantly reducing near-term maintenance concerns and helping protect long-term returns. The City of Cahokia has already granted the occupancy certificate, offering additional peace of mind for the next owner. The home features a functional layout with a spacious living area, eat-in kitchen, and a large detached garage that adds strong tenant appeal through additional storage, workshop potential, or secure parking. Situated on a generous lot, the property offers the kind of practical features renters consistently seek, supporting long-term occupancy and stable performance. Investors will appreciate the combination of immediate cash flow, professional management already in place through Christone Property Management, and recent mechanical updates that help minimize deferred maintenance expenses. Properties in this price range continue to see strong rental demand, making this an attractive option for both seasoned investors and those looking to enter the rental market with a stabilized asset. Conveniently located near major roadways, shopping, and everyday amenities, this property checks the boxes for affordability, functionality, and dependable income potential.
Details
| MLS # | 26016988 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 169 |
| Listing Provided By | Real Broker LLC | Christopher Kelly |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 960 |
| Garage | 2 |
| Story(s) | 1 |
| Acreage | 0.19 |
Interior
| Rooms Total | 6 |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air, Natural Gas |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Lap Siding |
| Lot Features | Corner Lot |
Parking
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Electric | Single Phase |
|---|---|
| Sewer | Public Sewer |
Taxes
| Property | 2348 |
|---|
Area Information
| State | IL |
|---|---|
| County | St. Clair |
| City | Cahokia |
| Zip Code | 62206 |
| Community Name | NEW HARVEST ACRES |
| School District | Cahokia |
| Elementary School | CAHOKIA DIST 187 |
| High School | Cahokia |
| Listing VS Median (in NEW HARVEST ACRES) | |
Price: $69,900 low | high Med: $63,950 sqft: 960 low | high Med: 858 $ / sqft: $73 low | high Med: $75 On site: 169 low | high Med: 129.5 | |
Market Activity 62206
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Listings courtesy of Maris MLS as distributed by MLS GRID.
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Learn More About This Property
| State | IL |
|---|---|
| County | St. Clair |
| City | Cahokia |
| Zip Code | 62206 |
| Community Name | NEW HARVEST ACRES |
| School District | Cahokia |
| Elementary School | CAHOKIA DIST 187 |
| High School | Cahokia |
| Listing VS Median (in NEW HARVEST ACRES) | |
Price: $69,900 low | high Med: $63,950 sqft: 960 low | high Med: 858 $ / sqft: $73 low | high Med: $75 On site: 169 low | high Med: 129.5 | |
