1011 State St
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1011 State St
5 Unit Apartment Building $275,000 ($55,000/Unit) Alton, IL 62002
Investment Highlights
- Five well-appointed apartments, making it an excellent investment opportunity
- The property is well-maintained, with a welcoming exterior and potential for strong rental income
- Includes one cozy efficiency unit, two, one-bedroom apartments, and two spacious two-bedroom residences
- This building is perfectly positioned for both long-term and short-term rentals
Executive Summary
This charming two-story building features five well-appointed apartments, making it an excellent investment opportunity. The layout includes one cozy efficiency unit, two, one-bedroom apartments, and two spacious two-bedroom residences, catering to a variety of tenant needs. Each apartment offers comfortable living spaces, with ample natural light and modern amenities. The property is well-maintained, with a welcoming exterior and potential for strong rental income. Ideal for investors looking to enhance their portfolio, this building is perfectly positioned for both long-term and short-term rentals. Property to be SOLD AS IS. Seller to make no repairs. Please do not disturb tenants.
Property Facts
| Price | $275,000 | Apartment Style | Low Rise |
| Price Per Unit | $55,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 5 | Building Size | 5,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Price | $275,000 |
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 5,000 SF |
| No. Stories | 2 |
| Year Built | 1963 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Porch
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $600.00 | 400 - 450 |
| 2+1 | 1 | $650.00 | 600 - 650 |
| 3+1 | 1 | $450.00 | 600 - 650 |
| Studios | 1 | $500.00 | 250 - 300 |
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PROPERTY TAXES
| Parcel Number | 23-2-07-11-13-304-006 | Improvements Assessment | $32,570 |
| Land Assessment | $3,830 | Total Assessment | $36,400 |
PROPERTY TAXES
Parcel Number
23-2-07-11-13-304-006
Land Assessment
$3,830
Improvements Assessment
$32,570
Total Assessment
$36,400
zoning
| Zoning Code | Apartments |
| Apartments |
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1011 State St
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