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    Property profile & analytics

    1903 Park Ave Alton, IL 62002-4782

    • Apartment buildings
    • 4,622 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US28-1549762
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1903 Park Ave

    Lot size
    0.27 lot acres
    Property size
    4,622 SF
    Property type
    Apartment buildings
    APN
    23-2-08-07-08-201-043
    APU
    232080708201043

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $425,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $470,000
      Mixed-Use
      $440,000
      Hospitality
      $505,000
      Educational
      $375,000
      Residential Income
      $485,000
      Energy
      $425,000
      Income-Based Land
      $385,000
      Food Service
      $515,000

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.1406
    Latitude
    38.9059
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,275
    $3,370
    $56,750
    $60,120
    -
    $10,120
    $170,420
    $180,540

    Comparable in this City

    • Value Estimation by Request
      5,766 SF

      2336 Brown St

      APARTMENT HOUSE (5+ UNITS) • 5,766 SF
      2336 Brown St, Alton, IL 62002-3966
      View Details
    • Value Estimation
      $11,715,000
      11,988 SF

      17 Riv Reach Ct

      APARTMENT HOUSE (5+ UNITS) • 11,988 SF
      17 Riv Reach Ct, Alton, IL 62002-7397
      View Details
    • Value Estimation
      $11,455,000
      11,998 SF

      14 Riv Reach Ct

      APARTMENT HOUSE (5+ UNITS) • 11,998 SF
      14 Riv Reach Ct, Alton, IL 62002-7391
      View Details
    • Value Estimation
      $1,285,000
      76,022 SF

      1710 Muny Vis Dr

      APARTMENT HOUSE (100+ UNITS) • 76,022 SF
      1710 Muny Vis Dr, Alton, IL 62002-5633
      View Details
    • Value Estimation
      $350,000
      7,560 SF

      2224 State St

      APARTMENT HOUSE (5+ UNITS) • 7,560 SF
      2224 State St, Alton, IL 62002-4380
      View Details
    • Value Estimation
      $535,000
      14,865 SF

      744 Washington Ave

      APARTMENT HOUSE (5+ UNITS) • 14,865 SF
      744 Washington Ave, Alton, IL 62002-2753
      View Details

    Similar Nearby for Sale

    • $285,000
      33,150 SF

      Former School with Redevelopment Potential

      Former school building suitable for redevelopment in Alton, Illinois.
      121 W Elm St, Alton, IL 62002
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    • $350,000
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      Turnkey Bar with Income Potential

      Established bar in downtown Alton with gaming and apartment.
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      Alton, IL Four-Unit Multifamily Property

      Four-unit multifamily property with strong rental history in Alton, IL.
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      View Details
    • $220,000
      1,443 SF

      Alton Multifamily Property with Cottage

      Multifamily property featuring a main residence and separate cottage.
      3302 College Ave, Alton, IL 62002
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    • $110,000
      0.11 Acres

      Alton, IL Investment Duplex

      Duplex in Christian Hill, walking distance to downtown Alton.
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      View Details
    • $225,000
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      Commercial Building with Income Apartment

      All-brick commercial building with income-producing apartment in high-traffic area.
      2248 E Broadway, Alton, IL 62002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,302 SF

      Alton Retail Space: Beltline Center

      Prime Alton retail space available.
      2600 Homer Adams Pkwy, Alton, IL 62002
      View Details
    • $2,948 /Mo

      Commercial Land Ready For Development

      Commercial land suitable for various development projects, high-traffic location.
      3412 Fosterburg Rd, Alton, IL 62002
      View Details
    • Contact for pricing

      Alton Retail Space Available

      Retail space with basement storage in Alton, Illinois.
      2850 Homer Adams Pkwy, Alton, IL 62002
      View Details
    • New
      $13 SF/Yr
      21,625 SF

      Prime Corner Retail Space Available

      High-visibility corner retail space suitable for various businesses.
      92 North Prt Dr, Alton, IL 62002
      View Details
    • Contact for pricing
      3,630 SF

      Alton Retail Space For Lease

      High-traffic location, two spaces available.
      1750 Homer M Adams Pkwy, Alton, IL 62002
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space in High-Traffic Area

      1,200 SF retail space in a busy retail area.
      2709-2714 Corner Ct, Alton, IL 62002
      View Details
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    1903 Park Ave
    Alton, IL 62002-4782
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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