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202 Wabash Avenue, Belleville, IL, 62220

Don't miss this fully occupied duplex offering immediate rental income with $18,000 in current annual gross rental income and excellent upside potential. The property features two occupied units on month-to-month leases, providing flexibility for investors while maintaining consistent cash flow. The upper unit is currently rented for $850 per month, while the lower unit, with its own private entrance and separate exit, is rented for $650 per month. Both rents are below current market value, presenting an opportunity to increase future income. Market rents are estimated at approximately $1,000 per month for the upper unit and $850 per month for the lower unit. Recent improvements include replacement of the tub faucet plumbing fixture and repairs to the back and side sections of the roof, helping reduce immediate maintenance needs. Tenants are responsible for gas and electric, while the owner pays water, sewer, trash, and seasonal lawn care. Current owner expenses include approximately $375–$400 per month for water, sewer, and trash. $110 per month for landscaping during the mowing season. With no vacancies, separate entrances for both units, below-market rents, and significant potential to increase cash flow, this duplex is an outstanding opportunity for investors looking to expand their portfolio with a property that offers both immediate income and future appreciation potential.

Subdivision: Highland Add

List Price

$ 140,000

Status

Active

Days on market

0

MLS#

26044473

Bedrooms

0

Full baths

0

Sq. Ft. Above

1,426

Sq. Ft. Below

500

Subdivision

Highland Add

School District

Belle Valley DIST 119

County

St Clair-IL

Property Type

Residential Income

Style

Bungalow

Type

Residential Income

Additional Information

Property Tax (2024)

$2,743

Recent Nearby Sales in 62220

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
3420 Berwin Green Drive, Belleville, IL 62220 2/2 1,228 $179,900 $180,000
100.1% of ask
Sep 4, 2026
1415 4th Avenue, Belleville, IL 62220 2/3 1,232 $142,500 $140,000
98.2% of ask
Sep 4, 2026
904 Terrace Drive, Belleville, IL 62220 3/2 1,200 $140,000 $132,500
94.6% of ask
Sep 2, 2026
1308 Veile Drive, Belleville, IL 62220 3/2 1,400 $100,000 $103,000
103% of ask
Aug 28, 2026
26 Fahey Place, Belleville, IL 62220 4/2 824 $219,900 $217,000
98.7% of ask
Aug 28, 2026
520 Schlueter Germaine Road, Belleville, IL 62220 6/5 3,851 $1,099,900 $1,099,900
100% of ask
Aug 28, 2026

Price & Listing History

Listed for sale
Jul 14, 2026 at $140,000
Current status: Active
As of Jul 14, 2026 · $140,000

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