614 Washington Avenue Alton, IL 62002

Listing agency Coldwell Banker Brown Realtors a***@cbbrownrealtors.com Show Phone

Listed by Janet Urbanek · License #IL

Source Crexi

Added: Apr 11 Updated: Jul 20 at 8:13PM Checked: Jul 21 at 9:10AM

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Investment Insights

Based on property information with market context.

This multifamily apartment building includes 10 total units arranged across five buildings, with eight 3-bedroom units, one 5-bedroom unit, and one 1-bedroom unit. The property is described as fully occupied and ready for a new owner to take over. Reported upgrades include electrical and plumbing improvements, with the roof installed in 2019, siding and gutters updated in 2018, and newer appliances.

The building is located in the heart of Alton, just a few blocks from the police station, and offers off-street lighted parking for residents.

Gross monthly income is reported as $9,000, and the property is presented as an 11% cap rate investment opportunity in the provided remarks.

Key Highlights

• 10‑unit apartment building in Alton, fully occupied
• Ten units across 5 buildings: eight 3‑bedroom units, one 5‑bedroom unit, and one 1‑bedroom unit
• Off‑street lighted parking

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FAQs

What type of property is this?

Apartment building - Ten-unit apartment building in Alton with off-street lighted parking and fully occupied units.

Where is this apartment building located?

The property is located at 614 Washington Avenue Alton, IL.

What are key features of this property?

This property features: 10‑unit apartment building in Alton, fully occupied; Ten units across 5 buildings: eight 3‑bedroom units, one 5‑bedroom unit, and one 1‑bedroom unit; Off‑street lighted parking