511 E Main St Belleville, IL 62220
Estimated payment $2,884/month
Highlights
- Deck
- No HOA
- Uncovered Courtyard
- Property is near public transit
- Stainless Steel Appliances
- Patio
About This Home
Here is your opportunity to purchase 4 fabulous income generating lofts under one roof in downtown Belleville. The Brass Lantern Lofts is a wonderful 1872 building that was brought back to life in 2019 with extensive work done to the main floor including all new electrical, plumbing, walls, HVAC, and the list goes on. Three units are on the ground floor, two of them are two bed two bath, and are approximately 1300 square feet. The two bedroom units each have their own courtyards. The other first floor unit is a one bed one bath and is approximately 900 square feet. The one bedroom unit has its own concrete patio. The upper level was updated nicely and had new HVAC installed in 2022 along with a new deck and back stairs last year. The upper unit is a 3 bedroom one bath and is approximately 1600 square feet. All units have stainless steel appliances and washer and dryer hookups. Owner pays water, sewer, and trash for the ground floor units. The upper unit pays their own water and sewer bill. Each loft gets two parking spaces, there are 18 spaces so that leaves 5 spaces to rent for additional income. These units will only appreciate in value and there are only so many lofts/apartments in the downtown area. This area of Belleville has become more desirable as time has gone on. Pre-approval of proof of funds required to view this property. All information to be verified by buyer and buyer's agent.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,756
Year Built
- Built in 1872 | Remodeled
Lot Details
- Private Entrance
- Vinyl Fence
- Historic Home
Home Design
- Loft
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 5,100 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Stainless Steel Appliances
- Laundry in unit
Bedrooms and Bathrooms
- 32 Bedrooms
- 24 Bathrooms
Parking
- 2 Carport Spaces
- Alley Access
- Paved Parking
Outdoor Features
- Uncovered Courtyard
- Deck
- Patio
Location
- Property is near public transit
- Property is near a bus stop
- City Lot
Schools
- Belleville Dist 118 Elementary And Middle School
- Belleville High School-East
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 08-22.0-336-024
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Gross Lease
Map
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 | $4,756 | $54,087 | $18,802 | $35,285 |
| 2023 | $3,842 | $35,622 | $18,429 | $17,193 |
| 2022 | $3,558 | $32,069 | $16,591 | $15,478 |
| 2021 | $3,438 | $29,647 | $15,338 | $14,309 |
| 2020 | $3,344 | $28,036 | $14,505 | $13,531 |
| 2019 | $1,984 | $16,469 | $15,255 | $1,214 |
| 2018 | $1,939 | $16,113 | $14,925 | $1,188 |
| 2017 | $1,974 | $16,000 | $14,820 | $1,180 |
| 2016 | $2,011 | $27,470 | $14,505 | $12,965 |
| 2014 | $4,587 | $41,503 | $26,915 | $14,588 |
| 2013 | $4,045 | $42,097 | $27,300 | $14,797 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $475,000 | -5.0% | $93 / Sq Ft |
| 08/13/2025 08/13/25 | For Sale | $500,000 | -- | $98 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $25,000 | Illinois Title & Escrow | |
| Administrators Deed | $20,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $28,000 | Commercial |
Source: MARIS MLS
MLS Number: MIS25054878
APN: 08-22.0-336-024
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