Search
Five-Unit Apartment Building
For Sale
$225,000

1011 State Street, Alton, IL 62002

Residential Income, Alton, IL

Property Size3,826 SF
Lot Size0.21 Acres
Price / SF$58.81
Days on Market211

Property Features for 1011 State Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2
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: Sep 28 Last Checked: Oct 4 at 12:06PM
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.

Located at 1011 State Street in Alton, Illinois, this 3,826-square-foot apartment building contains five residences across two stories. The unit mix includes one efficiency, two one-bedroom apartments, and two two-bedroom apartments, providing a range of configurations within the property.

The building was constructed in 1963 on a 0.2066-acre lot. Heating is provided by natural gas forced-air equipment, while apartments use wall or window air-conditioning units. The property has public water service and on-street parking. It is offered as-is, with the seller making no repairs, and tenant access is restricted during the marketing process.

Key Highlights

  • Five apartments with one efficiency, two one‑bedroom units, and two two‑bedroom units
  • 3,826 square feet across a two‑story building
  • Built in 1963 on a 0.2066‑acre lot

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Apartment buildings

Suggested Use

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

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

560
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Two-story layout includes efficiency and one- and two-bedroom apartments.
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 with one efficiency, two one‑bedroom units, and two two‑bedroom units; 3,826 square feet across a two‑story building; Built in 1963 on a 0.2066‑acre lot
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again