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502 Wadsworth Street, 
Collinsville, IL 62234

$265,000


Bed


Bath


4,334

Sq Ft


Multi-Family

Pending

Listed by

Doug A Hartmann, Jr

Hartmann Realtors, Inc

Last updated:

May 23, 2026, 07:49 AM

MLS#

26025429

Source:

MO MARIS

About This Home

502 Wadsworth Street

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.

Home Facts

Multi-Family

Built in 1905

Price Summary

265,000

$61 per Sq. Ft.

MLS #:

26025429

Last Updated:

May 23, 2026, 07:49 AM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

4,334 Sq. Ft.


Structure

Structure

Architectural Style:

Apartment Style

Building Area:

4,334 Sq. Ft.

Year Built:

1905


Lot

Lot Size (Sq. Ft):

21,000


Finances & Disclosures

Finances

Price:

$265,000

Price per Sq. Ft:

$61 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.