Wilson Park Gardens Apartments
Offered at $6,200,000
Wilson Park Gardens Apartments
Offered at $6,200,000
Turnkey 64-Unit Multi-Family Investment Opportunity – Granite City, Illinois
Berkshire Hathaway HomeServices Select Properties presents an opportunity to acquire a fully operational, income-producing multi-family portfolio in Granite City, Illinois.
This property offers a diverse mix of 64 residential units, including:
• One-bedroom / one-bathroom apartments – 24 Units (770 sq ft each unit)
• Two-bedroom / one-bathroom apartments – 24 Units (900 sq ft each unit)
• Two-bedroom / 1.5-bathroom townhomes – 16 Units (1050 sq ft each unit)
• One single-family home – 1200 sq ft
Property Highlights
• Unit Mix Variety: Appeals to a wide tenant base, including young professionals, families, & seniors.
• Turnkey Operation: Fully leased delivering investors immediate income.
• Strong Cap Rate: An impressive 8.29% cap rate, this asset offers competitive returns in today’s market.
• Parking & Access: Assigned parking for tenants plus additional visitor spaces ensure ease of use for residents and guests.
• Onsite Laundry - 3 convenient coin operated laundry facilities generating an average of $750 in additional income each month.
• Security & Privacy: The community is fully enclosed with a privacy fence and secured through a gated main entry with guard shack, providing peace of mind for residents.
• Community Features: Multiple courtyard spaces encourage a sense of community and provide outdoor enjoyment.
• Wilson Park – 2 blocks from Wilson Park a 74-acre city park that has been in operation since 1921 serving as a cornerstone for community activities. Includes: Pickleball, Disc Golf, Baseball/ Softball Diamonds, Trails, Basketball Court, Ice Rink, Picnic Areas, Playgrounds, Tennis Courts, Concessions, Swimming Pool, Prairie/Songbird Site, and a 3-mile walking / running trail.
Wilson Park Gardens Apartments
Offered at $6,200,000
Investment Value
This portfolio is designed for both seasoned investors seeking immediate cash flow and those looking to expand their multi-family holdings in a growing Metro East market. Granite City’s affordability and proximity to downtown St. Louis make it an attractive rental market, with steady demand from tenants seeking accessible housing close to employment centers, interstates, and amenities.
With its mix of apartments, townhomes, and a single-family residence, this property minimizes vacancy risk and maximizes rent potential across different tenant demographics.
Location Benefits
Granite City, IL, is 10 minutes from St. Louis, MO, 20 minutes to Lambert St. Louis Airport and offers easy access to major interstates including I-270, I-255, and I-55. The area supports a strong tenant pool with proximity to shopping, dining, parks, schools, and regional employers. Investors benefit from stable demand and favorable rental trends in this well-positioned submarket.
MONTHLY EXPENSES
Wilson Park Gardens 2025
BUILDING ADDRESSES
SINGLE FAMILY
MULTI-FAMILY UNIT A UNIT B UNIT C UNIT D
BUILDING ADDRESSES
Wilson Park Gardens Improvements
ROOFING
50% of building roofs were replaced completely in 2023.
Remaining 50% of building roofs are approximately 10-12 years old
MECHANICAL
50% of furnaces
7-10 years old
50% of furnaces 11-15 years old
50% of AC condensers
7-10 years old
50% AC condensers 11-15 years old
WATER HEATERS
Common Water Heaters in Building 1 (2701-2707 Center) and Building 2 (2709-2715 Center): 5 Years Old
All other buildings have individual water heaters per unit: 3-10 Years Old
REMODELING
75% of units have been fully renovated since 2023 includes
• Paint
• LVP Flooring
• Granite/Quartz Countertops
• SS Appliances
• Updated Lighting
• New Vanities
• New Tub/Shower Surround
Remaining 25% of units have had some updates since 2023
OTHER RECENT IMPROVEMENTS
• New Asphalt on entire complex - 2025
• 100% New, beautiful exterior 133” Sliding Doors 2024
• 100% New Windows on Building 1 (2701-2707 Center) and Building 2 (2709-2715) 2024
• Windows on Additional Buildings were replaced in 2010
• New 6’ privacy fencing around perimeter of complex 2024 / 2025
• New decks on all upper-level apartments 2024
• Updated lighting on exterior of complex 2024 / 2025
• 75% of plumbing has been updated to new PVC, this includes all units, common areas, and sewer lines.
• New Security Guard Shack 2025
• Updated Landscaping 2024 / 2025
