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+15737775555
Century 21 Community
502 Wadsworth St, Collinsville, IL 62234
- $250,000
- 4,334
- SqFt
- Sold Price
- $250,000
- List Price
- $265,000
- Status
- CLOSED
- Days on Market
- 46
- Closing Date
- Jun 12, 2026
- MLS#
- 26025429
- Subtype
- Residential Income
- Style
- Apartment
- Year Built
- 1905
- Living Area
- 4,334
- Lot Size
- 21,000
- Acres
- 0.48
- Subdivision
- Park Place Sub
- Neighborhood
- Park Place Sub
- MLS Area Major
- Collinsville
Property Description
Opportunity for Value Added Multifamily Project in Historic "McKinley School" building that was converted to 4 -One Bedroom Apartments. Apartments are large enough to renovate into Two Bedroom units with a potential 5th "partially finished" apartment in the basement (not counted in room count or square footage) that would need Code Compliance and Egress to utilize. 2 Story all brick building with carport, coin-op laundry and additional parking. Owner pays for Water, Sewer and Trash as well as gas for heat (boiler for radiant heaters) and hot water. All four units have central air so the potential to remove the boiler and add furnaces to remove the gas expense for the apartments is worth investigating. Financials are based on Actual 2025 YE numbers and currently 2 units are vacant (may change as listing progresses) and listed for rent starting Monday 4/27/26 for $825. Building to be sold as-is. Call your favorite Realtor to view vacant unit and write offer subject to/contingent on seeing and approving all 4 units within 72 hours of accepted offer.
Additional Information
- Taxes
- $6,403
- Property Description
- Apartment
- Appliances
- Range
- Heating
- Natural Gas, Hot Water, Radiant
- Air Conditioning
- Ceiling Fan(s), Central Air
- Levels
- Two
- Parking Features
- Carport
- School District
- Collinsville DIST 10
- Elementary School
- COLLINSVILLE DIST 10
- Middle School
- COLLINSVILLE DIST 10
- High School
- Collinsville
Mortgage Calculator
Courtesy of Hartmann Realtors, Inc 618-344-7900 Selling Office: Re/Max Alliance.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
