2510 N 89th St - Multi-Family FOR SALE


Caseyville, IL 62232
$995,000 USD
727-488-7177
2510 N 89th St, Caseyville, IL for Sale
$995,000 USD
Multi-Family - FOR SALE
1/68
null | 12% Cap Rate

2510 N 89th St
Caseyville, IL 62232


HIGHLIGHTS

  • Land with the opportunity to build additional ADU's for added Income
  • Low Vacancy Rates and Cost of Doing Business
  • Located less than 10 minutes from Downtown St Louis and all area attractions with stunning views of the Gateway Arch

OVERVIEW

Investors and 1031 exchange buyers—this is the opportunity you've been waiting for. 2510 N. 89th Street offers a rare combination of immediate, guaranteed income and significant upside potential, all within minutes of Downtown St. Louis. This newer-construction asset includes both a main residence and a guest house, each with a strong and consistent rental history. Income is guaranteed through December 2025, providing a reliable cash flow foundation from day one. Strategically situated on nearly 3 acres, the property presents multiple paths for growth, including the option to build additional Accessory Dwelling Units (ADUs)—a compelling value-add opportunity for the savvy investor looking to maximize returns. Property Highlights: Guaranteed rental income through Dec. 2025 Dual-income potential: Main residence + guest house Nearly 3 acres with room to build additional ADUs Panoramic views of the St. Louis skyline and Arch High-end finishes throughout, including a chef’s kitchen, spa-inspired primary suite with 72" soaking tub, sauna, and heated swim spa Two composite balconies for tenant enjoyment and increased rental appeal Partially finished basement offers even more usable space Whether you're seeking a luxury income-producing asset, a live-plus-rent model, or a solid 1031 exchange opportunity with long-term growth, 2510 N. 89th checks every box. With income in place and room to expand, this property is positioned to deliver returns now and in the future. Opportunities like this are rare—schedule a private tour today.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

2

PRICE/UNIT

$497,500

CAP RATE

12%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

-

APN/PARCEL ID

02-24.0-200-005

ASK ABOUT THIS PROPERTY

Lance MerrickL. Merrick Group | Keller Williams PinnacleMore Info
727-488-7177

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Lance MerrickL. Merrick Group | Keller Williams PinnacleMore Info
727-488-7177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.