BEDS0
BATHS
SQUARE FEET4,334
MLS#26025429
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPark Place Sub
SCHOOLCollinsville DIST 10
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Ceiling Fan(s), Central Air
Heating: Natural Gas, Hot Water, Radiant
Home Style: Apartment Style
Lot Size: 0.48 Acres
Taxes: $6,403
Year Built: 1905
Feature Descriptions
Appliances: Range
Days on Site: 4
Exterior: Brick
Parcel#: 13-2-21-27-09-104-012
Parking: Carport
Parking Notes: Carport
SQFT. Above Grade: 2167
Units: 4
Water: Public
Local Schools
High School: Collinsville
Middle School: COLLINSVILLE DIST 10
Elementary School: COLLINSVILLE DIST 10
School District: Collinsville DIST 10
Listed By / Shown By
Listed By
Agency Name: Hartmann Realtors, Inc
Shown By
Agent Name: Mike Santanello
Agent Phone: (618) 580-4904
Agency Title: Strano & Associates
Estimate Your Payment
Estimated Payment
$ 1,200.65 per month $589.78 Principal & Interest $533.58 Property Tax $77.29 Homeowner's InsuranceChange Payment Information
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502 Wadsworth Street | MLS# 26025429
This multi-family property located at 502 Wadsworth Street , Collinsville, IL 62234 is currently listed for sale with an asking price of $265,000. Wadsworth Street is located within the Collinsville DIST 10 school district. Search Collinsville real estate on msantanello.strano.com today.