617 State Street Alton, IL 62002
617 State Street, Alton, IL, 62002
$495,000
For Sale
$495,000
MULTI_FAMILY - Other - Alton, IL
Property Size4,300 SF
Lot Size0.21 Acres
Price / SF$115.12
Days on Market17
Property Features for 617 State Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 1, Basement, Bathroom 4, Bathroom 2
- Parking features
- On Street
- Fencing
- Privacy, Gate
- Fireplace
- 1
- Basement
- Daylight, Full, Walk-Up Access, Partially Finished
- 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
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1861
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agency
RE/MAX Alliance
(618) 466-7100
Listed by
Jenni Studebaker · License #471002302
(618) 975-6043
Added: Jul 7 Updated: Jul 22 at 12:33PM Checked: Jul 23 at 5:06AM
MLS# 26037113
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.
Investment Insights
Based on property information with market context.
Key Highlights
- Civil War‑era (built 1861) brick residence known as the Haagen Haus in Alton’s Christian Hill neighborhood.
- Over 4,300 SF; configured as a hospitality‑style guest house with 4 separate living units.
- Each of the 4 units includes its own kitchen with included appliances; furnishings included.
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 | $58.8k | $13.68 |
| − Vacancy | −$4.8k | −$1.11 |
| EGI | $54.1k | $12.57 |
| − OpEx | −$24.3k | −$5.66 |
| NOI | $29.7k | $6.91 |
4,300 SF · lease $13.68/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$424.8K
$371.7K – $495.6K
NOI $29,733 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,044 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Haagen Haus
Hotel & Motel
Similar For Sale Nearby
FAQs
Where is this short term rental property 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: Civil War‑era (built 1861) brick residence known as the Haagen Haus in Alton’s Christian Hill neighborhood.; Over 4,300 SF; configured as a hospitality‑style guest house with 4 separate living units.; Each of the 4 units includes its own kitchen with included appliances; furnishings included.
