539 N 40th St - Apartments FOR SALE


Belleville, IL 62226
$1,200,000 USD
618-304-3917
539 N 40th St, Belleville, IL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/6
null | 7.63% Cap Rate

539 N 40th St
Belleville, IL 62226


HIGHLIGHTS

  • Located near North Belt West with strong retail and transit access
  • Fully leased with consistent income and professional management
  • Post-2000 construction with recent renovations in 2005
  • Surrounded by schools, shopping, and public services
  • Positioned in a revitalizing corridor with long-term growth potential
  • Includes 28 on-site parking spaces for tenant convenience

OVERVIEW

17 Units in the heart of Belleville. (16) 1 Bed/1Bath Units – each 625 SF and (1) 2 Bed/1 Bath unit – 800 SF. Adjacent to main retail thoroughfare which has a strong employment base. Post 2000’s construction with exceptional management keeps these units in much better condition than the surrounding apartment inventory. Located in the heart of Belleville, Illinois, 40th Street just off of North Belt West offers a highly accessible and well-established corridor ideal for both commercial and residential product. The area features a blend of single-family homes, multifamily properties, and convenient neighborhood services, creating a walkable, community-oriented environment. With proximity to major thoroughfares, public transit (including MetroLink and MetroBus routes), and key amenities such as pharmacies (CVS and Walgreens), grocery stores (Schnuck’s and Save-a-Lot) , local farmer’s market, banking and local dining. North Belt West provides an ideal balance of suburban comfort and urban connectivity. The neighborhood is served by top-rated public schools in Belleville District 118 and Belleville West High School, adding to its appeal for families and long-term residents. Ongoing city investment in infrastructure and community revitalization—particularly in nearby Ward 3—underscores the area’s growth potential and long-term value. Whether you’re investing, leasing, or looking to reposition assets, North Belt West represents a stable, high-demand location in the Metro East region.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

17

PRICE/UNIT

$70,588

CAP RATE

7.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Family Investment Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

Multi-Family

APN/PARCEL ID

08-08.0-317-037

ASK ABOUT THIS PROPERTY

Carter MarteenyBarberMurphy GroupMore Info
618-304-3917

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Carter MarteenyBarberMurphy GroupMore Info
618-304-3917

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