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Four-Unit Apartment Quadplex
For Sale
Under Contract
$165,000

1238 Brown Street, Alton, IL 62002

MULTI_FAMILY - Other - Alton, IL

Property Size2,442 SF
Lot Size0.18 Acres
Price / SF$67.57
Days on Market11

Property Features for 1238 Brown Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 4
Appliances Water Heater
Subdivision Oaknoll Anx
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
Directions Corner of Brown and Avon
Standard status Active Under Contract
APN 23-2-07-12-16-401-038
Size 2,442 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2572

Utilities

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

Building Details

Year built 1925
Floors in Building 2
Number of units 4
Architectural style Other
Listing Agency: Landmark Realty
Listed By: Jenny Wisniewski · License #475163192
Added: Jul 20 Changed: Jul 29 Last Checked: Jul 30 at 7:06PM
MLS# 26043344

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 well-maintained quadplex offers four residential units within a total of 2,442 square feet. Each unit is configured as 1 bedroom and 1 bathroom. One of the four units is currently vacant, providing flexibility for an owner-occupant or immediate leasing.

The property is located in Alton, Illinois, near local employment and services. It is about 1 mile from the SIU School of Dental Medicine and about one block from Alton Memorial Hospital.

With four total units and a vacancy already in place, the building presents a practical setup for rental income or owner-occupancy.

Key Highlights

  • 4‑unit quadplex with four 1‑bedroom, 1‑bathroom apartments
  • 2,442 total SF; each unit includes a bedroom designed for long‑term tenant appeal
  • One unit is currently vacant, allowing owner‑occupancy or immediate leasing

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Nail Salon Spa & Massage Center Bakery Accounting Firm Skin Care Clinic

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

4
Residential units
75%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

594
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?
Quadplex - Well-maintained quadplex with four 1-bedroom, 1-bath units, including one currently vacant unit.
Where is this quadplex located?
The property is located at 1238 Brown Street Alton, IL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 4‑unit quadplex with four 1‑bedroom, 1‑bathroom apartments; 2,442 total SF; each unit includes a bedroom designed for long‑term tenant appeal; One unit is currently vacant, allowing owner‑occupancy or immediate leasing
More about this property
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