# 23 W Laurel Street, Millstadt, IL 62260

> **TL;DR:** residential multi family, $385,000 ($203/sqft), built 1902, 1,896 sqft.
> Hardwood. Est. $1,668/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $385,000 |
| Price/sqft | $203 |
| Square Feet | 1,896 |
| Year Built | 1902 |
| Lot Size | 11,326 sqft (0.26 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,668 |
| **Total** | **$1,668** |

## Nearby Schools

- **Elementary:** MILLSTADT DIST 160
- **Middle:** MILLSTADT DIST 160
- **High:** Belleville High School-West

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1902
- 0.26 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 23 W Laurel Street, Millstadt, IL 62260
- **County:** St. Clair
- **Neighborhood:** Randlemans 1st Add
- **Coordinates:** 38.459201, -90.092457
- **Google Maps:** https://www.google.com/maps?q=38.459201,-90.092457

## Listing Agent

- **Name:** Judy Ross
- **Brokerage:** Southern Illinois Realty, LLC
- **Phone:** 6187894379
- **Email:** ross4913@gmail.com

## Primary Photo

![23 W Laurel Street - Primary Photo](http://lh.rdcpix.com/c18c70b2551a976c318a3b58d9589ab0l-f3707398969r.jpg)

*22 total photos available on [listing page](https://www.propertysimple.com/listing/23-w-laurel-street-millstadt-il-62260-26011659)*

---

**MLS#:** 26011659 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/23-w-laurel-street-millstadt-il-62260-26011659)

---

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  "description": "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.\nIncome-Producing Details:\n• Gross Monthly Income: $3,625\n• Monthly Expenses: $1,212\n• Net Monthly Income: $2,413\n• Additional Income Potential: 2-car garage rentable for approx. $100–$1",
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