502 Wadsworth St, Collinsville, IL 62234
- Sqft
- 4,334
View property features, location on map, relevant school information and overview from seller's agent.
- 0
- 0
Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Square feet
- 4,334
- Lot size (acres)
- 0.48
- Year built
- 1905
Interior features
- Basement
- Yes
Utilities
- Heating
- Radiant, Natural Gas, Hot Water
- Cooling
- Central Air, Ceiling Fans
- Water
- Public Water
Taxes
- Tax Annual Amount (2024)
- $6,403
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MARIS MLS MLS®#: 26025429 Last checked: …

Based on information submitted to the MLS GRID as of . 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.