1 of 2

122 Lazarcheff Drive

East St Louis, IL 62206

3 beds
1 bath
988 sqft
7,405 sqft lot
$56 per sqft
– on site

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Seize the opportunity to purchase a tenant-occupied property guaranteeing immediate rental income! The interior of the property was updated in April 2024. Property is tenant occupied, ensuring stability and peace of mind. The current annual lease provides a steady monthly rental income of $800. Key Investment Highlights: reliable lease in place until April 2025, interior updates, average operating expenses are $4756 which yeild an impressive CAP Rate of 6.5%. 10% vacancy rate factored in. Tenant pays all utilities, gas, electric, water, sewer, and trash, reducing landlord expenses. This property not only provides a reliable income stream but also offers excellent potential for increased income as current rent is below market. The low annual expenses and a strong CAP rate makes the decision easy. What are you waiting for? This investment is designed to maximize your returns by adding an asset producing property to your portfolio!

Listing courtesy of MARIS / Elevate Realty, LLC

Last checked: Checking… • Last updated Oct 21, 2024 •

MLS# 24046230 —

The Building

Development Status:

Unknown
Architectural Style:

Traditional
Construction Materials:

Vinyl Siding
Window Features:

Six Panel Door(s), Some Insulated Wndws
Levels:

One
Basement:

None, Slab
Basement:

false
Above Grade Finished Area:

988
Above Grade Finished Area Source:

Public Records

Interior

Rooms Total:

5
Interior Features:

Open Floorplan, Carpets, Window Treatments
Living Area:

988
Fireplace:

false

Financial & Terms

Price Per SqFt:

56.68

Location

Directions:

IL-157 S/Camp Jackson Rd to Lazarcheff Rd/
Latitude:

38.551861
Longitude:

-90.169128
Cross Street:

Camp Jackson Road

The Property

Parcel Number:

06-11.0-210-003
Property Type:

Residential
Property Subtype:

Residential
Lot Features:

Chain Link Fence, Fencing, Level Lot
Lot Size Acres:

0.17
Lot Size Dimensions:

75x110x60x110
Lot Size SqFt:

7405
Lot Size Source:

County Records
Water Source:

Public
Waterfront:

false
Driveway:

Asphalt

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Annual Amount:

1735

Beds

Bedrooms Total:

3
Main Level Bedrooms:

3

Baths

Total Baths:

1
Full Baths:

1
Main Level Baths:

1

The Listing

Disclosures:

Unknown, Code Compliance Reqd, Flood Plain No, Occupancy Perm Req
Special Listing Conditions:

No Exemptions, Renovated, None

Heating & Cooling

Cooling:

Electric
Heating:

Forced Air 90+
Heating:

true

Utilities

Sewer:

Public Sewer

Appliances

Appliances:

Microwave, Gas Oven, Refrigerator

Schools

Elementary School:

CAHOKIA DIST 187
Middle Or Junior School:

CAHOKIA DIST 187
High School:

Cahokia
High School District:

Cahokia DIST 187

The Community

Subdivision Name:

Parklane Manor 1st Add
Pool Private:

false

Parking

Garage:

false
Attached Garage:

false
Parking Features:

Covered, Off Street
Carport:

true
Carport Spaces:

1
Covered Spaces:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/18/24 Oct 18, 2024	Sold	MARIS	$56,000	-6.5%
9/5/24 Sep 5, 2024	Pending	MARIS	$59,900
8/1/24 Aug 1, 2024	Listed / Active	MARIS	$59,900

House Sold on 10/18/2024

$56,000

Listing provided by broker:

Tamika Evans

Elevate Realty, LLC

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Listing Courtesy of: MARIS and Elevate Realty, LLC.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Information from Third Parties, Deemed Reliable but Not Verified.

122 Lazarcheff Drive

East St Louis, IL 62206