$5,750,000

1 Pheasantwood Drive, Belleville, IL 62226

  • 64,800 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1985
  • Property Lot Size Icon4.95acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $89/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Pheasantwood Apartments is a 96-unit, garden-style apartment community on 4.95 acres in Belleville, IL. Built in 1980 & 1985, the property includes 64,800 SF throughout 12 buildings. Well-performing multifamily asset that is primed for rent upside. All units are in classic or near classic condition allowing the opportunity for new ownership to have immediate value-add by updating units and pushing rents further over a new ownership period. Highlights: ? 96-unit multifamily asset in a quiet tree-lined neighborhood in Belleville ? Below-market rents allowing immediate value-add for new ownership ? Favorable mix of 1 and 2-bedroom floor plan styles ? All units have washer and dryer connections ? Ample parking of 120 spaces ? Belleville’s average household income of $79,952 reflects a solid middle-class foundation with considerable consumer spending power ? Strong in-place cash flow Property includes the following parcels: 1 Pheasantwood: 62226 08-08.0-420-004 3 Pheasantwood: 62226 08-08.0-420-011 5 Pheasantwood: 62226 08-08.0-420-009 7 Pheasantwood: 62226 08-08.0-420-007 8 Pheasantwood: 62226 08-08.0-420-006 9 Pheasantwood: 62226 08-08.0-420-005 10 Pheasantwood: 62226 08-08.0-420-001 12 Pheasantwood: 62226 08-08.0-420-003 13 Pheasantwood: 62226 08-08.0-419-002 14 Pheasantwood: 62226 08-08.0-419-004 15 Pheasantwood: 62226 08-08.0-419-003 16 Pheasantwood: 62226 08-08.0-419-001

Listing Status:
Active
Date Added:
September 10, 2025 at 05:00AM
Listing Office:
CBRE : 314-655-6000
MLS ID:
25062321
  • A/C: Central AirElectric
  • Style: Apartment Style
  • Parking: On Site
  • General: BrickApartment Style
  • Originating MLS: maris2
  • School District: Belleville DIST 118
  • County: St. Clair
  • Zoning: 08-08.0-420-004
  • Water: Public
  • Source: maris2

This listing courtesy of CBRE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Belleville High School-West

4063 Frank Scott Pkwy W, Belleville, IL, 62223

Grades 9-12

2.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.