1926 60th Street East St Louis, IL 62204

Description

Prime Multifamily Development Opportunity – 5 Combined Lots | 0.73 Acres Investor Alert: *Six month seller financing may be available* Rare opportunity to acquire five contiguous residential lots totaling 0.73 acres in a strategic location in East St. Louis. Large, combined parcels like this are increasingly difficult to find, especially with this level of accessibility and development flexibility. This site offers the scale and layout ideal for a multifamily project—whether you’re planning duplexes, townhomes, or a higher-density rental complex designed to generate strong long-term cash flow. The combined footprint allows for smarter site planning, parking configuration, and maximized unit count potential. Positioned with convenient access to major transportation corridors including Interstate 64 and Interstate 70, the property provides seamless connectivity to downtown St. Louis and surrounding employment centers—an essential driver for consistent rental demand. Easy highway access significantly enhances tenant appeal for commuters. Located within walking distance to James Avant Elementary School and near an established police presence, the area benefits from existing community infrastructure that supports residential growth and long-term neighborhood stability. With nearly three-quarters of an acre across five lots, this property presents flexibility, scalability, and strong upside potential in a market experiencing continued redevelopment activity. Whether you are a seasoned developer or an investor seeking your next value-add land acquisition, this is a strategic opportunity to secure a sizable buildable footprint at an attractive entry point. Opportunities to control this much land in a centrally located area are limited. Capitalize on the size, positioning, and multifamily potential to create a high-demand rental asset with long-term income growth.