Backup offers
$3,859 Closing Credit¹
#25008064, Listing office: Southern Illinois Realty, LLC
$687,500 List price
3503 Falling Springs Rd Cahokia, IL 62206
$8,164
Closing credit¹
0 beds
0.7 acres
House
Property details
About 3503 Falling Springs Rd
Excellent value-add multifamily investment opportunity in Cahokia Heights. This property includes two fully occupied apartment buildings on one parcel—offering a total of 11 units. The front building contains 4 units, including a studio and a 1-bedroom, while the rear building features 7 units, all with 2 bedrooms and 1 bathroom. Renovated in 2022, each unit includes modern conveniences such as air conditioning, ceiling fans, eat-in kitchens, and more. All 2025 leases are set at $975/month, supporting a projected gross rental income of $109,008 and an 8.32% CAP rate. Situated in a quiet residential area with 14 off-street parking spaces, screened tenants, and professional management already in place, this property offers immediate cash flow and long-term potential.
Highlights
Home typeOther
StatusActive
CoolingCentral Air
Lot size0.7 Acres
Year built1985
MLS #25041411
Summary
- Architectural Style: Traditional
- Cooling: Central Air
- List Price: $687,500
- Annual Tax Amount: $10,511
- Tax Year: 2023
- Directions: From IL-3, turn east onto Camp Jackson Rd. Continue onto Falling Springs Rd. Property is located on the right side just past 42nd St, at 3503 Falling Springs Rd, across from residential homes.
- Year Built: 1985
- Lot Size: 0.7 Acres
- MLS Number: 25041411
- MLS Name: MARIS2
- Office Name: Kunkel Wittenauer Group, Inc
- Office Phone: (618) 632-8200
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2025 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 10:38:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$687,500
3503 Falling Springs Rd
$8,164
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 02, 2000 | Home Sold | $140,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $55,317 | $10,511 |
| 2022 | $48,481 | $- |
| 2021 | $45,941 | $9,864 |
| 2020 | $41,954 | $7,688 |
| 2018 | $42,568 | $9,745 |
History based on county public records data.
Nearby schools
8
Maplewood Elementary School
Public District KG-2
0.7 mi
•600 Jerome Ln
3
Huffman Elementary School
Public District 3-5
1.6 mi
•600 Saint Robert Dr
1
Penniman Elementary School
Public District 3-5
1.8 mi
•1820 Jerome Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,577. The majority of Cahokia, IL residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
38%
<35k
54%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
51%
Single, No Kids
22%
Single, with Kids
17%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
43%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Extreme Sports
Where do the neighbors shop?
Family Dollar
Kmart
Wal-Mart
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Sonic
What do the neighbors drive?
Ford
Buick
Oldsmobile
What do the neighbors listen to?
New Country
Oldies- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3503 Falling Springs Rd
The listing price of 3503 Falling Springs Rd property is $687,500.
The property 3503 Falling Springs Rd is a house located in Cahokia, Illinois, 62206.
Active Listing: 3503 Falling Springs Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3503 Falling Springs Rd are: Maplewood Elementary School (GreatSchools Rating 8/10), Huffman Elementary School (GreatSchools Rating 3/10), Penniman Elementary School (GreatSchools Rating 1/10), Estelle Sauget School of Choice (GreatSchools Rating 3/10), Lift for Life Academy (GreatSchools Rating 4/10), East St Louis-Lincoln Middle School (GreatSchools Rating 2/10), Cahokia High School (GreatSchools Rating 1/10), Lift for Life Academy High School (GreatSchools Rating 2/10), Siu Charter School of East St Louis (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $10,511 (source: MLS/based on county public records data).
The last sale was on May 2, 2000 for $140,000 (source: MLS/tax record).
The property at 3503 Falling Springs Rd has 0 bedroom and 0 bathroom.
The year of construction for 3503 Falling Springs Rd is 1985.
This home is located at 3503 Falling Springs Rd in Cahokia, IL and zip code 62206. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $687,500.
Over 1 listings were sold over their listed price in May 2025 in Cahokia, IL. In the same period over 4 listings were sold below the listed price and 8 listings were sold for the listed price. In May 2025 in Cahokia, IL there were 10.8% more homes for sale than in April. In May 2025, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $74,933.
From Rocket Homes Real Estate and based on county public records data.