NOT LISTED FOR SALE

402 W 4th St Alton, IL 62002

Estimated Value: $91,000 - $227,000

-- Bed
4 Baths
4,632 Sq Ft
$33/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $85,000 $18 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $981/month

7 Days on Market

About This Home

As of November 2023

Discover a rare gem in downtown Alton – a remarkable historic building offering endless possibilities for renovation and income generation! With four units available, this property presents an incredible opportunity for those seeking a creative project. Design a dream living space with the potential for one or two bedrooms.
Nestled in the heart of downtown Alton with river views from upper units, tenants can enjoy the vibrant atmosphere as they explore the charming brick streets lined with local shops, restaurants, and a diverse array of entertainment options.

This is a golden opportunity for visionary investors and homeowners alike. Create an inviting one-bedroom sanctuary or a spacious two-bedroom haven. The building's adaptable layout ensures you can fashion the perfect living space to complement your future tenant's lifestyle.

All new HVAC has been installed 4 units for each apartment. The rest is your design. Selling as is with no further repairs to be made.

Last Agent to Sell the Property

Melody Godfrey

Epique Realty License #475189473 Listed on: 10/11/2023

Last Buyer's Agent

Timothy Thompson

Worth Clark Realty License #475114725

Worth Clark Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,222

Year Built

  • Built in 1930

Lot Details

  • 8,102 Sq Ft Lot
  • Lot Dimensions are 90x90

Parking

  • Off-Street Parking

Home Design

  • 4,632 Sq Ft Home
  • Quadruplex

Schools

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

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for no utilities
  • Assessor Parcel Number 23-2-07-14-06-101-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,222

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: Alton
  • Special Description: No Exemptions
  • Age: 94
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement
  • Square Footage: 4632

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Gas
  • 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: 90x90
  • Lot Sq Ft: 8102
  • Acres: 0.1860

Rental Info

  • Tenancy Type: 1 or More Vacant
  • Tenant Pays: No Utilities

Multi Family

  • Units: 5
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 4601
  • Assessor Parcel Number: 23-2-07-14-06-101-010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Nov 16, 2023
Sold by
D Hawkins Llc
Bought by
Frew Erin
Seller's Agent
Melody Godfrey
Epique Realty
Buyer's Agent
Timothy Thompson
Worth Clark Realty
List Price
$120,000
Sold Price
$85,000
Premium/Discount to List
-$35,000
-29.17%
Views
126
Current Estimated Value
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,000
Avg. Annual Appreciation
30.33%

Purchase Details

Closed on
Aug 22, 2023
Sold by
Boyd Markus
Bought by
D Hawkins Llc

Purchase Details

Listed on
Apr 20, 2021
Closed on
Mar 30, 2022
Sold by
Aleman Arnaldo and Aleman Jacqueline E
Bought by
402 W 4Th Street Llc
Seller's Agent
Shawna Aughenbaugh
Re/Max River Bend
Buyer's Agent
Shawna Aughenbaugh
Re/Max River Bend
List Price
$105,000
Sold Price
$75,000
Premium/Discount to List
-$30,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.25%
Original Mortgage
$115,900
Interest Rate
12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2006
Sold by
King Loren P
Bought by
Aleman Arnaldo and Aleman Jacqueline E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
6.49%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 17, 2003
Sold by
Bosoluke Steven M and Bosoluke Angela D
Bought by
King Loren R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,650
Interest Rate
6.03%
Mortgage Type
FHA
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
Frew Erin $85,000 Community Title & Escrow
D Hawkins Llc -- None Available
402 W 4Th Street Llc $75,000 Community Title & Escrow
Aleman Arnaldo $150,000 First American Title Ins Co
King Loren R $90,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frew Erin C $203,328
Previous Owner 402 W 4Th Street Llc $115,900
Previous Owner Aleman Arnoldo $106,500
Previous Owner Aleman Arnaldo $15,000
Previous Owner Aleman Arnaldo $120,000
Previous Owner King Loren R $119,650
Previous Owner Bosoluke Steven M $59,049
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $85,000 -29.2% $18 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $120,000 +60.0% $26 / Sq Ft
03/31/2022 03/31/22 Sold $75,000 -16.7% $16 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
12/06/2021 12/06/21 Price Changed $90,000 -14.3% $19 / Sq Ft
09/25/2021 09/25/21 Price Changed $105,000 0.0% $23 / Sq Ft
09/25/2021 09/25/21 For Sale $105,000 -12.4% $23 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $119,900 -- $26 / 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 $5,222 $64,240 $5,690 $58,550
2023 $5,222 $58,020 $5,140 $52,880
2022 $4,602 $52,450 $4,650 $47,800
2021 $4,515 $49,290 $4,370 $44,920
2020 $4,411 $47,530 $4,210 $43,320
2019 $4,560 $46,440 $4,110 $42,330
2018 $4,439 $45,230 $4,000 $41,230
2017 $4,187 $43,280 $4,000 $39,280
2016 $3,535 $43,280 $4,000 $39,280
2015 $3,373 $43,280 $4,000 $39,280
2014 $3,373 $43,280 $4,000 $39,280
2013 $3,373 $44,460 $4,110 $40,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23060910

MARIS MLS

APN: 23-2-07-14-06-101-010