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

1011 State Street, Alton, IL 62002

Residential Income, Alton, IL

Property Size3,826 SF
Lot Size0.21 Acres
Price / SF$58.81
Days on Market5

Property Features for 1011 State Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 1
Parking features On Street
Appliances Gas Water Heater
Subdivision Not in a subdivision
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 Active
APN 23-2-07-11-13-304-006
Size 3,826 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 3079

Utilities

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

Building Details

Year built 1963
Number of units 5
Listing Agency: Tarrant and Harman Real Estate and Auction Co
Listed By: Jason Jackson
Added: Oct 17 Changed: Oct 18 Last Checked: Oct 21 at 2:06AM
MLS# 26012839

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.

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Investment Insights

Based on property information with market context.

At 1011 State Street in Alton, this two-story apartment property contains five residences across 3,826 square feet. The unit mix includes one efficiency, two one-bedroom apartments, and two two-bedroom apartments. Built in 1963, the building has natural gas forced-air heating and wall or window-unit cooling. Public water serves the property, and parking is on street.

The parcel covers 0.2066 acres. The sale is as-is, with the seller making no repairs.

Key Highlights

  • Five apartments: one efficiency, two one‑bedroom units, and two two‑bedroom units
  • 3,826‑square‑foot, two‑story building on 0.2066 acres
  • 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 - The two-story property offers a varied residential mix, with efficiency, one-bedroom, and two-bedroom apartments.
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 apartments: one efficiency, two one‑bedroom units, and two two‑bedroom units; 3,826‑square‑foot, two‑story building on 0.2066 acres; Built in 1963
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