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

1011 State St, Alton, IL 62002

A two-story residential property combines an efficiency with one- and two-bedroom apartments.

Property Size3,826 SF
Price / SF$58.81
Days on Market3

Property Features for 1011 State St

General Information

Standard status Active
Size 3,826 SF
Property subtype Multi-Family

Units

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

Building Details

Year Built 1963
Buildings 1
Stories 2
Listing Agency: Realty Of America, LLC
Listed By: Strait Realty
Source: Straitrealty
Added: Oct 19 Changed: Oct 21 Last Checked: Oct 20 at 8:49PM

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 Realty Of America, LLC

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Investment Insights

Based on property information with market context.

This 3,826-square-foot apartment building contains five units across two stories. The mix includes one efficiency, two one-bedroom apartments and two two-bedroom apartments. Constructed in 1963, the property is offered in its current condition, with the seller making no repairs.

The building is located at 1011 State St in Alton, Illinois. Tenants currently occupy the apartments; please do not disturb them.

Key Highlights

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

Property Analytics

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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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A two-story residential property combines an efficiency with one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 1011 State St 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: one efficiency, two one‑bedroom units and two two‑bedroom units; Two‑story building with 3,826 square feet; Built in 1963
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