612 Mechanic Street, Alton, IL 62002
- Added:
- Jun 18, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 27 at 2:06 am
Property Features for 612 Mechanic Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 23-2-07-11-20-404-038
- Size
- 1,594 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2193
Utilities
- Heating system
- Forced Air
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing agent Jason Jackson License #475187519 (618) 558-2424
Listing office Tarrant and Harman Real Estate and Auction Co 3644 Fosterburg Rd., Alton, IL (618) 433-9436
Listing date Jun 18, 2026
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.
HighLights
- Strong rental history with 3 of 4 units currently occupied.
- Investment opportunity with potential for immediate income.
- Vacant unit allows for owner‑occupancy or increased rental income.
- Convenient central location near shopping and dining.
- Each unit has 1 bedroom and 1 bathroom.
- Multi‑unit cooling (window and multi units).
Overview
Located at 612 Mechanic Street in Alton, Illinois (Madison County), the property is described as centrally situated, with convenient access to shopping and dining. Currently, three of the four units are occupied by long-term tenants, and one unit is vacant.
For a buyer seeking an income-focused setup, the current occupancy by long-term tenants supports day-to-day rental continuity. The vacant unit can also provide flexibility for an owner-occupant, or it can be re-rented to align with the next leasing cycle. Overall, this is a straightforward four-unit configuration with clear unit mix and immediate occupancy context to evaluate.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.2k | $11.40 |
| − Vacancy | −$1.4k | −$0.88 |
| EGI | $16.8k | $10.52 |
| − OpEx | −$5.0k | −$3.16 |
| NOI | $11.7k | $7.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Madison
- State
- Illinois
- Longitude
- -90.179829
- Latitude
- 38.893508
