612 Mechanic Street, Alton, IL 62002
- Added:
- Feb 25, 2026
- Days on Market:
- 133
- Last Refresh:
- Jul 8 at 4:06 pm
Property Features for 612 Mechanic Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
- 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
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Vinyl Siding
Listing agent Jason Jackson License #475187519 (618) 433-9436
Listing office Tarrant and Harman Real Estate and Auction Co 3644 Fosterburg Rd., Alton, IL (618) 433-9436
Listing date Feb 25, 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
- 4‑unit multi‑family property built in 1901, with vinyl siding and forced‑air heat
- Unit mix: four 1‑bedroom, 1‑bath units
- 3 of 4 units currently occupied by long‑term tenants; 1 unit is vacant
- Cooling provided by window unit(s)
- Water source: public water
Overview
The property is located at 612 Mechanic Street in Alton, Illinois, in Madison County. Public remarks indicate the area provides convenient access to shopping and dining for residents.
For investors or owner-occupants, the current configuration provides the benefit of established tenancy in most units, with the remaining unit ready to be positioned for rental income or personal use. The one-bedroom, one-bath design may appeal to renters seeking efficient, self-contained living while allowing the owner to manage leasing and unit readiness as the vacancy is brought online.
Local Financial Insights For Apartment 5plus
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 | $21.8k | $13.68 |
| − Vacancy | −$1.8k | −$1.11 |
| EGI | $20.0k | $12.57 |
| − OpEx | −$9.0k | −$5.66 |
| NOI | $11.0k | $6.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Madison
- State
- Illinois
- Longitude
- -90.179829
- Latitude
- 38.893508
