Central High Apartments

Vandalia, IL is a stable workforce-driven market in south-central Illinois, strategically located along Interstate 70 between St. Louis and Springfield. As the county seat of Fayette County, it serves as a regional hub for healthcare, manufacturing, education, government, and retail, supporting consistent rental demand. The market offers affordable acquisition pricing, limited new multifamily development, and opportunities to increase value through renovations and operational improvements, making it an attractive option for investors seeking strong cash flow and long-term stability.Kiser Group is pleased to offer the Central High Apartments for sale, a 49-unit, former high school converted to apartments in Vandalia, IL in the St. Louis MSA. The property sits within both an Opportunity Zone and Enterprise Zone and allows an investor the opportunity to acquire the community at a significant discount to stabilized value. After sustaining storm damage in late 2025, the community is available at its as-is value, and features a brand-new $200,000 roof installed in 2026. With a growing base of regional workforce and senior residents, Central High presents a clear path to strong, stabilized returns in an underserved Central Illinois submarket.