Two-Unit Brick
New
For Sale
$235,000
824 Henry Street, Alton, IL 62002
Residential Income, Alton, IL
Property Size2,290 SF
Lot Size0.17 Acres
Price / SF$102.62
Days on Market2
Property Features for 824 Henry Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1
Fireplace
1
Basement
Full, Unfinished
Appliances
Electric Oven, Refrigerator, Washer/Dryer
Subdivision
City/Alton Proper
Elementary school
ALTON DIST 11
Middle school
ALTON DIST 11
High school
Alton
Elementary school district
Alton DIST 11
Middle school district
Alton DIST 11
High school district
Alton DIST 11
Directions
Across the street from Duke Bakery
Standard status
Active
APN
23-2-07-11-20-402-026
Size
2,290 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4774
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
off-street parking
in-unit washer/dryer
Building Details
Year built
1891
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Alliance · RE/MAX International
(618) 466-7100
Listed By:
Jill Schulz · License #471006807
(618) 550-9238
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 4:06PM
MLS# 26066671
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.
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Investment Insights
Based on property information with market context.
This brick duplex contains two separate apartments within a 2,290-square-foot building on a 0.1653-acre lot. The first-floor unit has one bedroom and one full bathroom; the upper unit has two bedrooms and one full bathroom and has been remodeled. Both units are rented. Each includes a stove, refrigerator, and all-in-one washer and dryer. Central air conditioning and forced-air heat serve the property, and off-street parking is located behind the building.
The roof was replaced in 2026. Duke Bakery is across the street. The property was built in 1891 and has a basement and a fireplace.
The roof was replaced in 2026. Duke Bakery is across the street. The property was built in 1891 and has a basement and a fireplace.
Key Highlights
- Two apartments: one with 1 bedroom and 1 full bathroom, the other with 2 bedrooms and 1 full bathroom
- Both units are currently rented
- 2,290‑square‑foot building on a 0.1653‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,869
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,380
$337.4K
Cap Rate 7%
$240,986
$241.0K
Cap Rate 9%
$187,433
$187.4K
Market Conditions
NOI Build-Up for 2,290 SF
Gross rent
$26.1K $11.40/SF
− Vacancy
−$2.0K −$0.88/SF
EGI
$24.1K $10.52/SF
− OpEx
−$7.2K −$3.16/SF
NOI
$16.9K $7.37/SF
Area
Madison County, IL
Vacancy
7.69%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,380
Cap Rate 7%
$240,986
Cap Rate 9%
$187,433
Alternative Uses
Best Use
Multifamily LT 5
$241.0K
$210.9K – $281.2K
NOI $16,869 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$226.2K
$197.9K – $263.9K
NOI $15,834 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$624.2K
$546.2K – $728.2K
NOI $43,693 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are currently rented, with a one-bedroom layout downstairs and a two-bedroom residence above.
Where is this duplex located?
The property is located at 824 Henry Street Alton, IL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two apartments: one with 1 bedroom and 1 full bathroom, the other with 2 bedrooms and 1 full bathroom; Both units are currently rented; 2,290‑square‑foot building on a 0.1653‑acre lot
