Multi-Family for Sale: 5700 Pontiac Drive, Fairview Heights, IL 62208

$630,000
$630,000
5700 Pontiac Drive, Fairview Heights, IL 62208
$630,000
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Price:
$630,000

Type Multi-Family
Year Built 1972
Taxes Paid $10,530

City Fairview Heights
County St Clair-IL
School District Pontiac-W Holliday DIST 105
Subdivision Hollandia

MLS 25003046
Status Active
Seize this rare chance to acquire three apartment buildings in the highly sought-after Fairview market, boasting a 10% cap rate and solid cash flow with immense upside potential. The 14 units currently generate an average rent of $630, while similar units in the area command $775 to $850, leaving room for substantial revenue growth by adjusting to market rates. Located in a prime area, these properties offer strong demand and long-term value. Sold strictly as-is, with deferred maintenance to address, they provide an excellent opportunity to add value through updates and improvements. Operating expenses for 2024 include 5% vacancy at $5,313, local management at $7,438 (7%), and utilities such as water, sewer, and trash totaling $10,542. Taxes are $10,530 for the 3 parcels, and insurance will vary depending on carrier. Current insurance is $870.66 per month. Don’t miss this rare opportunity to expand your portfolio in a thriving market! Viewings contingent on accepted purchase agreement.

Lot & Building Features

Construction Brick Veneer
Cooling Wall Unit(s), Window Unit(s)
Heat Source Electric
Heating Baseboard
Parking Description Carport, Unpaved, Space/Unit - 1, Parking Lot
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 0.94 acres total ft

Community and Schools

Elementary School PONTIAC-W HOLLIDAY DIST 105
Junior High School PONTIAC-W HOLLIDAY DIST 105
Senior High School Belleville High School-East

Price History of 5700 Pontiac Drive, Fairview Heights, IL

Date Name Price Difference
01/22/2025 Listing Price $630,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 5700 Pontiac Drive, Fairview Heights, IL

Location Map Street View
Photo of Tonya Crane, ABR, GREEN
Direct: 618-709-9374
Office
1012 Plummer Drive Suite 301
Edwardsville, IL 62025
618-655-4100
Listed by Real Broker LLC, Christopher Kelly
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20%
1.6714285714286%
6.75%
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Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
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5700 Pontiac Drive (MLS #25003046) is a multi-family listing located in Fairview Heights, IL. This property was listed on 01/22/2025 and has been priced for sale at $630,000.

Nearby zip codes are 62221, 62223, 62226, 62232 and 62269. This property neighbors other cities such as Belleville, Caseyville, O Fallon, Shiloh and Swansea.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Real Broker LLC

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