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Four-Unit Efficiency Apartment Building
For Sale
$59,900
Pending

723 Alby Street, Alton, IL 62002

Residential Income, Alton, IL

Property Size1,709 SF
Lot Size0.17 Acres
Days on Market26

Property Features for 723 Alby Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1
Subdivision Alton
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 Pending
APN 23-2-07-11-19-402-011
Size 1,709 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Original Town Lot 3
Tax Annual Amount 3770
Legal Description Original Town Lot 3

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1895
Floors in Building 2
Building materials Vinyl Siding
Architectural style Other
Listing Agency: Landmark Realty
Listed By: Jenny Wisniewski · License #475163192
Added: Aug 13 Changed: Sep 4 Last Checked: Sep 7 at 8:06PM
MLS# 26048281

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 723 Alby Street in Alton, this quadplex contains four efficiency apartments within 1,709 square feet. The property occupies 0.1653 acres and was constructed in 1895, with vinyl siding contributing to the exterior finish. Central air conditioning and forced-air heating serve the building, while public water supports the property’s utility infrastructure.

The property is positioned near major thoroughfares and amenities in Alton, providing access to surrounding commercial and community destinations. Its four-unit configuration and compact residential layouts create a clearly defined multifamily asset for evaluation by buyers seeking an existing apartment property.

Key Highlights

  • Four efficiency apartments
  • 1,709 square feet on 0.1653 acres
  • Constructed in 1895

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Pharmacy (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

767
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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units feature central air conditioning and forced-air heating in an Alton property near major thoroughfares.
Where is this quadplex located?
The property is located at 723 Alby Street Alton, IL.
What is the asking price?
The asking price for this property is $59,900.
What are key features of this property?
This property features: Four efficiency apartments; 1,709 square feet on 0.1653 acres; Constructed in 1895
More about this property
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