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

1011 State Street, Alton, IL 62002

Income-producing residential property with a varied apartment mix and established tenant occupancy.

Property Size3,826 SF
Days on Market31

Property Features for 1011 State Street

General Information

Standard status Active
Size 3,826 SF
Property subtype Residential Income

Units

Unit Mix 1 x efficiency, 2 x 1BR, 2 x 2BR
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $3,079

Building Details

Building Size 3,826 SF
Year Built 1963
Buildings 1
Stories 2
Units 5
Listing Agency: Tarrant and Harman Real Estate and Auction Co
Listed By: Jason Jackson · License #475187519
Source: Nesterrealty
Added: Aug 1 Changed: Aug 29 Last Checked: Aug 30 at 5:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tarrant and Harman Real Estate and Auction Co

Investment Insights

Based on property information with market context.

This two-story apartment property at 1011 State St in Alton, Illinois, contains 3,826 square feet and was built in 1963. The five-unit configuration includes one efficiency, two one-bedroom apartments, and two two-bedroom apartments, creating a mix of smaller and larger residences within one building.

The property is being offered for sale in its current condition, with the seller making no repairs. Tenants are in place, and showings should be coordinated without disturbing occupants.

Key Highlights

  • Five‑unit apartment building with one efficiency, two one‑bedroom units, and two two‑bedroom units
  • Two‑story building containing 3,826 square feet
  • Built in 1963

Property Analytics

Current Use

Apartment buildings

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

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

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 - Income-producing residential property with a varied apartment mix and established tenant occupancy.
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‑unit apartment building with one efficiency, two one‑bedroom units, and two two‑bedroom units; Two‑story building containing 3,826 square feet; Built in 1963
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