612 Mechanic Street, Alton, IL 62002
Residential Income - Alton, IL
- Added:
- Feb 25, 2026
- Days on Market:
- 110
- Last Refresh:
- Jun 15 at 9:06 pm
Property Features for 612 Mechanic Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 23-2-07-11-20-404-038
- Size
- 1,594 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2193
Utilities
- Heating system
- Forced Air
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing agent Jason Jackson License #475187519 (618) 558-2424
Listing office Tarrant and Harman Real Estate and Auction Co 3644 Fosterburg Rd., Alton, IL (618) 433-9436
Listing date Feb 25, 2026
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.
HighLights
- Strong rental history with 3 of 4 units currently occupied.
- Investment opportunity with potential for immediate income.
- Vacant unit allows for owner‑occupancy or increased rental income.
- Convenient central location near shopping and dining.
- Each unit has 1 bedroom and 1 bathroom.
- Multi‑unit cooling (window and multi units).
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.2k | $11.40 |
| − Vacancy | −$1.4k | −$0.88 |
| EGI | $16.8k | $10.52 |
| − OpEx | −$5.0k | −$3.16 |
| NOI | $11.7k | $7.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Madison
- State
- Illinois
- Longitude
- -90.179829
- Latitude
- 38.893508
