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Two-Story Multifamily Building
For Sale
$225,000

1011 State Street, Alton, IL 62002

MULTI_FAMILY - Alton, IL

Property Size3,826 SF
Lot Size0.21 Acres
Price / SF$58.81
Days on Market157

Property Features for 1011 State Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3
Parking features On Street
Appliances Gas Water Heater
Subdivision Not in a subdivision
Elementary school ALTON DIST 11
Middle school ALTON DIST 11
High school Alton
Elementary school district Alton DIST 11
Middle school district Alton DIST 11
High school district Alton DIST 11
Standard status Active
APN 23-2-07-11-13-304-006
Size 3,826 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 3079

Utilities

Heating system Forced Air, Natural Gas
Cooling system Wall/Window Unit(s), Window Unit(s)
Water source Public

Building Details

Year built 1963
Number of units 5
Listing Agency: Tarrant and Harman Real Estate and Auction Co
Listed By: Jason Jackson · License #475187519
Added: Mar 7 Changed: Aug 3 Last Checked: Aug 11 at 8:06AM
MLS# 26012839

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story multifamily building offers five apartments, including one efficiency unit, two one-bedroom apartments, and two two-bedroom residences. The building is served by a gas water heater and heated with forced air natural gas. Cooling is provided by wall/window and window unit(s). Parking is available on street.

The property sits on a 0.2066-acre lot in Alton, Illinois. Water service is public. The building contains 3,826 square feet and was built in 1963.

The seller is offering the property to be sold as-is, with no repairs by the seller. Tenants are on-site, and prospective visitors should not disturb tenants.

Key Highlights

  • Five apartments: one efficiency, two one‑bedroom, and two two‑bedroom units
  • Total building size 3,826 SF on a 0.2066‑acre lot
  • Built in 1963

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Pharmacy Daycare Center Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

362
Businesses Nearby

Demographics for 62002, IL

30,176
Population
14,832
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
41.3 sq mi
ZIP Area
731
Density / Sq Mi
$57,851
Median Household Income
$38,120
Median Earnings
$941
Median Rent
$114,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story multifamily building with five apartments, built in 1963, featuring gas forced-air heat and public water.
Where is this apartment building located?
The property is located at 1011 State Street Alton, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Five apartments: one efficiency, two one‑bedroom, and two two‑bedroom units; Total building size 3,826 SF on a 0.2066‑acre lot; Built in 1963
More about this property
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