40 Queensway Dr Belleville, IL 62226
Estimated payment $1,251/month
Total Views
561
4
Beds
2
Baths
1,740
Sq Ft
$95
Price per Sq Ft
Highlights
- Ranch Style House
- Corner Lot
- Brick Veneer
- Wood Flooring
- No HOA
- Laundry Room
About This Home
Solid all-brick duplex opportunity in a prime Belleville location! Situated on a corner lot with attached carports, this well-maintained investment property offers strong rental appeal and reliable cash flow with local property management already in place. Each unit features a functional 2-bedroom floor plan with spacious family rooms, hardwood flooring, washer/dryer connections, and layouts tenants love for long-term living. Property is currently occupied with stable tenants in place, including one long-term Section 8 tenant at $725/month and one newer tenant at $905/month. Tenants are responsible for all utilities, keeping owner expenses minimal with only taxes, insurance, and seasonal lawn care (approximately $110/month in season). While interiors retain some original character, the property has been exceptionally cared for over the years and presents an excellent opportunity for investors seeking dependable income with future upside potential through cosmetic updates. Conveniently located near shopping, dining, schools, major roadways, and everyday amenities, this duplex checks the boxes for both tenant desirability and long-term portfolio performance. New Roof July 2023. Agent Owned
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,440
Year Built
- Built in 1959
Lot Details
- 9,148 Sq Ft Lot
- Corner Lot
Home Design
- Duplex
- Ranch Style House
- Brick Veneer
- Block Foundation
Interior Spaces
- 1,740 Sq Ft Home
- Wood Flooring
- Crawl Space
Kitchen
- Built-In Gas Oven
- Built-In Gas Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry on main level
Parking
- 2 Parking Spaces
- 2 Carport Spaces
Schools
- Belleville Dist 118 Elementary And Middle School
- Belleville High School-East
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Single-Phase Power
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 08-08.0-415-006
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- Gross Lease
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,440 | $50,495 | $5,734 | $44,761 |
| 2023 | $3,956 | $42,148 | $5,620 | $36,528 |
| 2022 | $3,632 | $37,943 | $5,059 | $32,884 |
| 2021 | $3,497 | $35,077 | $4,677 | $30,400 |
| 2020 | $3,399 | $33,171 | $4,423 | $28,748 |
| 2019 | $3,337 | $32,212 | $4,429 | $27,783 |
| 2018 | $3,263 | $31,515 | $4,333 | $27,182 |
| 2017 | $3,238 | $31,294 | $4,303 | $26,991 |
| 2016 | $3,197 | $30,630 | $4,212 | $26,418 |
| 2014 | $2,775 | $30,009 | $5,863 | $24,146 |
| 2013 | $3,361 | $30,438 | $5,947 | $24,491 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/11/2026 05/11/26 | For Sale | $165,000 | 0.0% | $95 / Sq Ft |
| 01/22/2025 01/22/25 | Rented | $875 | 0.0% | -- |
| 12/30/2024 12/30/24 | For Rent | $875 | -2.8% | -- |
| 12/30/2024 12/30/24 | Rented | $900 | 0.0% | -- |
| 12/30/2024 12/30/24 | Under Contract | -- | -- | -- |
| 10/23/2024 10/23/24 | For Rent | $900 | -9.5% | -- |
| 10/23/2024 10/23/24 | Rented | $995 | 0.0% | -- |
| 09/26/2024 09/26/24 | For Rent | $995 | -0.5% | -- |
| 09/26/2024 09/26/24 | Rented | $1,000 | 0.0% | -- |
| 08/21/2024 08/21/24 | For Rent | $1,000 | +17.6% | -- |
| 12/08/2022 12/08/22 | Rented | $850 | 0.0% | -- |
| 12/08/2022 12/08/22 | Under Contract | -- | -- | -- |
| 11/14/2022 11/14/22 | Price Changed | $850 | -5.6% | $1 / Sq Ft |
| 10/21/2022 10/21/22 | For Rent | $900 | -- | -- |
Source: MARIS MLS
About the Listing Agent
Chris Kelly is a top-producing real estate agent with Real Broker LLC, serving Belleville, Edwardsville, Troy, O’Fallon, Glen Carbon, Collinsville, and the greater Metro East area of Madison and St. Clair Counties in Illinois. With 11 years of experience in residential real estate, Chris has closed more than $50 million in career transaction volume and averages over 60 transactions per year, ranking consistently in the top 1% of all MLS agents for production.
He is a Best of Zillow
Chris' Other Listings
Source: MARIS MLS
MLS Number: MIS26028302
APN: 08-08.0-415-006
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Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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