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Two-Building Apartment Property
For Sale
$980,000

2705 College Avenue, Alton, IL 62002

Residential Income, Alton, IL

Property SizeContact for details
Lot Size0.33 Acres
Days on Market77

Property Features for 2705 College Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 1
Parking features Open, Parking Lot
Basement Dirt Floor
Appliances Gas Water Heater
Subdivision Longs add
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 23-2-08-07-10-102-001
Lot size 0.33 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LONGS E ADD LOT PT 6 7
Tax Annual Amount 16782
Legal Description LONGS E ADD LOT PT 6 7

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air, Electric
Water source Public

Amenities

coin-operated washers and dryers

Building Details

Year built 1835
Number of units 14
Building materials Brick, Vinyl Siding
Architectural style Other
Listing Agency: RE/MAX Alliance · RE/MAX International
Listed By: Kevin Huelsmann · License #475123689
Added: Jul 12 Changed: Sep 26 Last Checked: Sep 26 at 10:06PM
MLS# 26017583

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.

This apartment property includes two buildings totaling 14 units on a 0.33-acre parcel. The Clawson Street building contains six matching two-bedroom apartments, while the College Avenue building adds eight units. Construction includes brick and vinyl siding, with natural-gas forced-air heat, electric central air, and a public water source.

Residents have access to two coin-operated washer and dryer sets located on the property. Tenants pay utilities other than trash service, and apartments are inspected between occupancies. The property is positioned near the Dental College and includes open parking with a dedicated parking lot.

Key Highlights

  • Two‑building multifamily property with 14 total units
  • Six identical two‑bedroom apartments in the Clawson Street building
  • Eight additional units in the College Avenue building

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center HVAC Service Parking Lot & Garage

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

14
Residential units

Location Intelligence

Trade Area within ½ mile

467
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily asset near the Dental College with open parking, central air, and on-site laundry equipment.
Where is this apartment building located?
The property is located at 2705 College Avenue Alton, IL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Two‑building multifamily property with 14 total units; Six identical two‑bedroom apartments in the Clawson Street building; Eight additional units in the College Avenue building
More about this property
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