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Historic 4-Unit Quadplex
For Sale
$495,000

617 State Street, Alton, IL 62002

Furnished accommodations feature individual kitchens, included appliances, and a private lower-level suite with courtyard access.

Property SizeContact for details
Days on Market53

Property Features for 617 State Street

General Information

Standard status Active
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $7,255

Building Details

Year Built 1861
Buildings 1
Stories 2
Units 4
Listing Agency: RE/MAX Alliance
Listed By: Jenni Studebaker · License #471002302
Source: Century21laclede
Added: Jun 19 Changed: Aug 4 Last Checked: Aug 9 at 12:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Alliance

Investment Insights

Based on property information with market context.

Dating to 1861, this furnished quadplex contains over 4,300 square feet arranged as four independent living units. Each unit includes a kitchen and appliances, while the interiors feature hardwood floors, high ceilings, four fireplaces, and distinctive period finishes. The lower-level suite has a separate entrance, lookout windows, a private brick patio, and a wrought-iron gated courtyard. Unit configurations include one- and two-bedroom suites, with private entrances or patio access in select units.

The property occupies a prominent corner lot exceeding 9,000 square feet in Alton’s Christian Hill neighborhood, with views toward the Alton Bridge. Exterior amenities include a brick-sided courtyard patio and gazebo. An established Airbnb presence, rental history, and included furnishings support continued hospitality use, while the four-unit arrangement also accommodates owner occupancy or multigenerational living.

Key Highlights

  • Over 4,300 square feet configured as four separate living units
  • Built in 1861 with hardwood floors, high ceilings, four fireplaces, and period finishes
  • Each unit includes a kitchen and appliances; furnishings are included

Property Analytics

Current Use

Haagen Haus Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Pharmacy Kitchen & Bath Showroom Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

362
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

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?
Quadplex - Furnished accommodations feature individual kitchens, included appliances, and a private lower-level suite with courtyard access.
Where is this quadplex located?
The property is located at 617 State Street Alton, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Over 4,300 square feet configured as four separate living units; Built in 1861 with hardwood floors, high ceilings, four fireplaces, and period finishes; Each unit includes a kitchen and appliances; furnishings are included
More about this property
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