502 Wadsworth Street, Collinsville
$265,000
2,167 Square Feet
Tax History: $6,403.00 in 2024
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.
This property is located on 0.4821 Acre(s).
Approximate lot size is 0 Acre(s)
Elementary School: COLLINSVILLE DIST 10
Middle School: COLLINSVILLE DIST 10
High School: Collinsville
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MLS#: 26025429
Listing ID: 81174
Updated: 04/28/2026
Posted: 04/28/2026
Listing provided by
Doug Hartmann, Jr
Hartmann Realtors, Inc
* The Estimated Payment is offered as a tool for your convenience and is not an offer of credit. Actual mortgage rates and fees vary depending on your lender. Please check with your local lender for accurate mortgage rate information.
Note: Broker may not have reviewed or approved listing. All information that is provided by the listing agent/broker is deemed reliable but it is not guaranteed and should always be independently verified.
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