For Sale37d on marketHistoric · 124 yrs
23 W Laurel St
Millstadt, IL, 62260 • 62260 • Saint Clair County
$385,000
$203/sqft
Down payment assistance available
5Beds
4Baths
1,896Sqft
0.26 acLot
1902Built
Property DNA
Victorian Style
Built 1902 · 124 years of history
Randlemans 1st Add
62260
Outdoor Living
Covered · Wrap Around
Garage(s)
Garage(s)
2-Car Garage
Off Street
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 37 days ago · 596 views · 20 saves
Market activity
Demand and pricing signals for this listing
596 views
People checking out this listing
20 saves
Buyers have saved this home
37 days on market
Established listing
$203/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 21% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1902 · Historic
Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential. Income-Producing Details: • Gross Monthly Income: $3,625 • Monthly Expenses: $1,212 • Net Monthly Income: $2,413 • Additional Income Potential: 2-car garage rentable for approx. $100–$150/month • Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our area Unit Breakdown: • Three (3) units: 1 bedroom, 1 bath • One (1) unit: 2 bedrooms, 1 bath Property Highlights: • Hardwood or luxury vinyl plank flooring throughout • Updated kitchens with new cabinetry • Updated bathrooms • Separate electric meters for each unit • Refrigerators and electric range/oven included in all apartments • Roof on main house less than 10 years old • New siding (2016) • New roof on garage (2026) This well-maintained property offers immediate income with upside potential through garage rental and future rent adjustments. Strong curb appeal, historic character, and a prime in-town location make this a standout addition to any investment portfolio. A minimum of 24 hour notice required. Preappproval or proof of funds must be provided to listing agent before viewing.
Standout features identified
Our analysis highlights updated bathrooms and strong curb appeal as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,408/month
Principal & Interest$1,894
Property Tax$385
Insurance$128
Down payment20% ($77,000)
3%50%
Est. 6.24% rate · 30yr fixed · $308,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1902
HeatingRadiant
CoolingCeiling Fan(s), Separate Meters, Wall/Window Unit(s)
Parking2 Garage spaces
Days on Zillow37 Days
Price/sqft$203
Property
Home typeMulti Family
Sub-typeMulti Family
StyleVictorian
ConditionUpdated/Remodeled
Year built1902
Systems
HeatingRadiant
CoolingCeiling Fan(s), Separate Meters, Wall/Window Unit(s)
ConstructionVinyl Siding
Water / SewerPublic
Parking & Outdoor
ParkingOff Street
Garage2 spaces
FencingNone
Lot0.26 Acres
Location & Tax
Neighborhood62260
Annual tax$5,434
Parcel12090423017
Features & details
10 categories of property features
Interior Features
Interior
Ceiling Fan(s)
High Ceilings
Historic Millwork
Appliances
Free-Standing Electric Oven
Refrigerator
Flooring
Hardwood
Luxury Vinyl
Heating
Radiant
Cooling
Ceiling Fan(s)
Separate Meters
Wall/Window Unit(s)
Exterior Features
Parking
Off Street
Construction
Vinyl Siding
Patio & Porch
Covered
Wrap Around
Utilities
Cable Available
Sewer Connected
Other Structures
Garage(s)
Listing insights
Market data and value estimates
StatusFor Sale
Days on market37
Tax rate1.92%
Price/sqft$203
On marketMar 2, 2026
PostedMar 2, 2026
Last sold$85,000
MLS statusActive
MLS updatedMar 7, 2026
Tour days9
Views596
Favorites20
How are the schools in Millstadt?
3 schools rated nearby
Location
Millstadt, IL, 62260
Price history
2 events
DateEventPrice$/sqftSource
Mar 3, 2026Listed For Sale$385,000$203MARIS
Jan 15, 2008Sold$85,000$45Public Record
Listed For Sale$385,000
Mar 3, 2026•$203/sqft•MARIS
Sold$85,000
Jan 15, 2008•$45/sqft•Public Record
Tax history
22 years of records
YearTax paidAssessed value
Apr 9, 2023$5,169$68,003
Apr 9, 2022$4,922$61,950
Apr 9, 2021$4,742$57,282
Apr 9, 2020$4,727$56,668
Apr 9, 2019$4,579$54,347
Apr 9, 2018$4,416$52,387
Apr 9, 2017$4,434$51,679
Apr 9, 2016$4,434$60,479
Apr 9, 2014$4,885$58,102
Apr 9, 2013$2,113$55,399
Apr 9, 2012—$51,327
Apr 9, 2011—$51,518
Apr 9, 2010—$28,688
Apr 9, 2009—$28,328
Apr 9, 2008—$49,578
Apr 9, 2006—$44,508
Apr 9, 2005$3,107$41,922
Apr 9, 2004$2,872$38,878
Apr 9, 2003—$37,823
Apr 9, 2002—$35,974
Apr 9, 2001—$34,012
Apr 9, 2000—$27,597
Nearby homes
Neighborhood details
Local context around this listing
Millstadt, IL • Saint Clair County
Nearby cities
BellevilleCahokia HeightsCollinsvilleColumbiaEast Saint LouisFairview HeightsMascoutahO Fallon
Nearby zip codes
62260
Similar homes
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