Active Under Contract MLS# 26025429

502 Wadsworth Street, Collinsville, IL 62234

Subdivision: Park Place Sub

List Price: $265,000

0

Bedrooms

N/A

Baths

2,167

Area (sq.ft)

$122

Cost/sq.ft

2 Story

Type

17

Days on Market

Call Agent

Description

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.

Property Information

List Price $ 265,000

Original Price $ 265,000

Status Active Under Contract

MLS# 26025429

Bedrooms 0

Full baths 0

Half baths 0

Main Floor Full Baths 0

Sq. Ft. Above 2,167

Lot Size

Acres 0

Subdivision Park Place Sub

Municipality Collinsville

School District Collinsville DIST 10

County Madison-IL

Property Type Residential Income

Style 2 Story

Style Description

Transaction Type

Special Conditions Listing As Is

Type

Building Exterior Amenities

Building Style Apartment Style

Ownership

Special Description Listing As Is

Appliances Some Range

Additional Information

Elementary School COLLINSVILLE DIST 10

Jr. High School COLLINSVILLE DIST 10

Sr. High School Collinsville

Association Fee None

Architecture Apartment Style

Construction Brick

Garage Spaces 0

Carport Spaces 4

Basement Description Full

Fireplace Type

Fireplace Location

Lot Dimensions

Special Areas

Cooling Ceiling Fan(s),Central Air

Sewer Sewer

Heating Natural Gas,Hot Water,Radiant

Water Public

Heat Source

Kitchen

Appliances Range

Dining

Interior Decor

Property Tax $6,403

Map Location

Directions

Change History

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Call 314.414.6000 [email protected] Visit Website

Listing Courtesy of Hartmann Realtors, Inc - [email protected]

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Date	Change Type	Previous	New
May 12, 2026	StandardStatus	Active	Active Under Contract
Apr 27, 2026	New Listing	265000	265000
Apr 27, 2026	New Listing	Active	Active