1 Pheasantwood Drive

Belleville, IL 62226

Pheasantwood Apartments is a 96-unit, garden-style apartment community on 4.95 acres in Belleville, IL. Built in 1980 & 1985, the property includes 64,800 SF throughout 12 buildings. Well-performing multifamily asset that is primed for rent upside. All units are in classic or near classic condition allowing the opportunity for new ownership to have immediate value-add by updating units and pushing rents further over a new ownership period. Highlights: ? 96-unit multifamily asset in a quiet tree-lined neighborhood in Belleville ? Below-market rents allowing immediate value-add for new ownership ? Favorable mix of 1 and 2-bedroom floor plan styles ? All units have washer and dryer connections ? Ample parking of 120 spaces ? Belleville’s average household income of $79,952 reflects a solid middle-class foundation with considerable consumer spending power ? Strong in-place cash flow Property includes the following parcels: 1 Pheasantwood: 62226 08-08.0-420-004 3 Pheasantwood: 62226 08-08.0-420-011 5 Pheasantwood: 62226 08-08.0-420-009 7 Pheasantwood: 62226 08-08.0-420-007 8 Pheasantwood: 62226 08-08.0-420-006 9 Pheasantwood: 62226 08-08.0-420-005 10 Pheasantwood: 62226 08-08.0-420-001 12 Pheasantwood: 62226 08-08.0-420-003 13 Pheasantwood: 62226 08-08.0-419-002 14 Pheasantwood: 62226 08-08.0-419-004 15 Pheasantwood: 62226 08-08.0-419-003 16 Pheasantwood: 62226 08-08.0-419-001

Listing courtesy of CBRE


Based on information submitted to the MLS GRID as of 2025-11-04 10:17 AM UTC. 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.