NOT LISTED FOR SALE

2713 College Ave Alton, IL 62002

Estimated Value: $170,000 - $230,000

-- Bed
-- Bath
-- Sq Ft
7,436 Sq Ft Lot

Last Sold October 31, 2023

Last sale price $185,000

Est. 8% increase in value since last sale

Current estimated payment $1,390/month

11 Days on Market

About This Home

As of October 2023

This great investment opportunity right next to SIUE Dental School, currently cashflows $600 per month with awesome lease terms!! Apt #1 is a 2 bedroom 1 bathroom that has a new kitchen and lighting, new AC, rented at $800 per month. Lease ends June 2025. Apt #2 is a 1 bedroom 1 bathroom that has new carpet, new stove and fridge, rented at $650 per month. Lease ends August 2025. Apt #3 is a 1 bedroom 1 bathroom that has new carpet and a new fridge, rented at $600 per month. Lease ends July 2024. The building had a new roof in April 2023. Landlord pays water/sewer/trash and does the lawn maintenance. All units rented by dental students! Agent owned.

Last Agent to Sell the Property

Bryce Brow

360 Prime Realty Group, LLC License #471021312 Listed on: 09/16/2023

Last Buyer's Agent

Matt Horn

Landmark Realty License #2023007773

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,601

Year Built

  • Built in 1925

Lot Details

  • 7,436 Sq Ft Lot
  • Lot Dimensions are 70x130

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Steel Siding

Schools

  • Alton Dist 11 Elementary And Middle School
  • Alton High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, gas
  • Assessor Parcel Number 23-2-08-07-11-201-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,601

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Age: 98
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage Unknown: Yes

Exterior Features

  • Construction: Steel Siding

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: 2 Window/Wall, Central-Electric
  • Heating: Forced Air

Schools

  • School District: Alton DIST 11
  • Elementary School: ALTON DIST 11
  • Middle School: ALTON DIST 11
  • High School: Alton
  • Elementary School: ALTON DIST 11
  • Junior High School: ALTON DIST 11
  • School District: Alton DIST 11
  • Senior High School: Alton

Lot Info

  • Lot Dimensions: 70x130
  • Lot Sq Ft: 7436
  • Acres: 0.1707

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Operating Income: 24600.00
  • Units: 3
  • Total Expenses: 2412.00
  • Type Of Units: 3-Family

Tax Info

  • Taxes Paid: 3173
  • Assessor Parcel Number: 23-2-08-07-11-201-005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2023
Closed on
Oct 31, 2023
Sold by
Jones Andrew K
Bought by
Jc Rental Solutions Llc
Seller's Agent
Bryce Brow
360 Prime Realty Group, LLC
Buyer's Agent
Matt Horn
Landmark Realty
List Price
$190,000
Sold Price
$185,000
Premium/Discount to List
-$5,000
-2.63%
Views
17
Current Estimated Value
$200,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,131
Avg. Annual Appreciation
2.17%
Original Mortgage
$148,000
Outstanding Balance
$145,394
Interest Rate
7.19%
Mortgage Type
Commercial
Estimated Equity
$46,989

Purchase Details

Listed on
Sep 6, 2022
Closed on
Oct 13, 2022
Sold by
Ressler Marc A and Ressler Kristine
Bought by
Jones Andrew K
Seller's Agent
Amy Hillery
Landmark Realty
Buyer's Agent
Andrew Jones
360 Prime Realty Group, LLC
List Price
$175,000
Sold Price
$169,950
Premium/Discount to List
-$5,050
-2.89%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$127,462
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2016
Closed on
Jan 6, 2017
Sold by
Vernon Carver
Bought by
Ressler Marc and Ressler Kristine
Seller's Agent
Paul Eastwood
Tarrant and Harman Real Estate and Auction Co
Buyer's Agent
Amy Hillery
Landmark Realty
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$96,000
Interest Rate
4.2%

Purchase Details

Closed on
Mar 8, 2011
Sold by
Carver Vernon
Bought by
Carver Vernon and Dods Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,982,425
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jc Rental Solutions Llc $185,000 Serenity Title & Escrow
Jones Andrew K $170,000 Serenity Title & Escrow
Ressler Marc -- --
Carver Vernon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jc Rental Solutions Llc $148,000
Previous Owner Jones Andrew K $127,462
Previous Owner Ressler Marc $96,000
Previous Owner Ressler Marc --
Previous Owner Ressler Marc $96,000
Previous Owner Carver C Vernon $4,982,425
Previous Owner Carver C Vernon $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $185,000 -2.6% --
09/28/2023 09/28/23 Pending -- -- --
09/16/2023 09/16/23 For Sale $190,000 +11.8% --
10/13/2022 10/13/22 Sold $169,950 -2.9% $79 / Sq Ft
09/06/2022 09/06/22 For Sale $175,000 +45.8% $82 / Sq Ft
01/03/2017 01/03/17 Sold $120,000 -4.0% $63 / Sq Ft
09/01/2016 09/01/16 For Sale $125,000 -- $66 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,601 $44,300 $3,430 $40,870
2023 $3,601 $40,010 $3,100 $36,910
2022 $3,384 $36,170 $2,800 $33,370
2021 $3,114 $33,990 $2,630 $31,360
2020 $3,042 $32,780 $2,540 $30,240
2019 $3,145 $32,030 $2,480 $29,550
2018 $3,062 $31,200 $2,420 $28,780
2017 $2,685 $27,750 $2,410 $25,340
2016 $2,631 $27,750 $2,410 $25,340
2015 $2,268 $27,750 $2,410 $25,340
2014 $2,268 $27,750 $2,410 $25,340
2013 $2,268 $28,510 $2,480 $26,030
Source: Public Records

Agents Affiliated with this Home

  • Bryce Brow

    Seller's Agent in 2023

    Bryce Brow

    360 Prime Realty Group, LLC

    (618) 531-4998

    13 in this area

    451 Total Sales

    Bryce Brow
    Section Image
  • Matt Horn

    Buyer's Agent in 2023

    Matt Horn

    Landmark Realty

    (618) 560-8201

    153 in this area

    454 Total Sales

    Matt Horn
    Section Image
  • Amy Hillery

    Seller's Agent in 2022

    Amy Hillery

    Landmark Realty

    (618) 520-9850

    56 in this area

    152 Total Sales

    Amy Hillery
    Section Image

  • A

    Buyer's Agent in 2022

    Andrew Jones

    360 Prime Realty Group, LLC

    Section Image

  • P

    Seller's Agent in 2017

    Paul Eastwood

    Tarrant and Harman Real Estate and Auction Co

See All Agents

Map

Source: MARIS MLS

MLS Number: MIS23056095

MARIS MLS

APN: 23-2-08-07-11-201-005

Illinois Madison County Alton 62002

2713 College Ave, Alton, IL

This home is located at 2713 College Ave, Alton, IL 62002 since 16 September 2023 and is currently estimated at $200,131. This property was built in 1925. 2713 College Ave is a home located in Madison County with nearby schools including Alton High School, Lovejoy Elementary School, and Alton Middle School.

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