617 State Street, Alton, IL 62002
Historic, 2-4 Units - Alton, IL
- Added:
- Jun 19, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 25 at 5:06 pm
Property Features for 617 State Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Exterior features
- Corner Lot, Views, Fencing
- Fencing
- Fenced
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 23-2-07-11-18-303-025
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7255
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1861
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agent Jenni Studebaker License #471002302 (618) 466-2325
Listing office RE/MAX Alliance 809 Delmar Ave, Collinsville, IL (618) 466-7100
Listing date Jun 19, 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
- Civil War‑era brick home (built 1861) known as the Haagen Haus with over 4,300 SF of living space
- Configured as 4 separate hospitality‑style living units, each with its own kitchen and included appliances
- Unit rents include $2,112 (1BR/1BA), $1,920 (2BR/1BA), $1,608 (1BR/1BA), and $1,740 (1BR/1BA)
- 4 fireplaces plus hardwood floors and soaring ceilings throughout
- Corner lot exceeding 9,000 SF with a private brick‑sided courtyard patio and included gazebo; views of the Alton Bridge
- Lower‑level suite includes private entrance via wrought‑iron gated courtyard, brick patio, and full lookout windows; fenced property
Overview
Set on a prominent corner lot exceeding 9,000 square feet, the property includes outdoor gathering space designed for entertaining and guest use. A private brick-sided courtyard patio with an included gazebo provides an established setting for events and relaxation. The home is located in Alton’s Christian Hill neighborhood, with views of the Alton Bridge referenced as part of the experience.
The property is currently operated as a hospitality-oriented guest house with a four-unit layout, offering income flexibility for investors. It can also suit owner-occupants seeking to live in the residence while leasing one or more of the additional units to help offset ownership costs. With multiple independently equipped units, the Haagen Haus supports a range of residential and guest-facing arrangements while retaining the character and amenities of a historic home.
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 | $49.0k | $11.40 |
| − Vacancy | −$3.8k | −$0.88 |
| EGI | $45.3k | $10.52 |
| − OpEx | −$13.6k | −$3.16 |
| NOI | $31.7k | $7.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alton
- County
- Madison
- State
- Illinois
- Longitude
- -90.189014
- Latitude
- 38.89454
