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.
Don't miss this beautiful 4 plex with a river view right in the heart of downtown Alton! Rent potential is $900 (+-) per month. Each unit features large 1 bedroom 1 bath units with so much space and beautiful high ceilings. Upstairs units have an extra walk through bonus room that could be used as an office or sleeping room. Only 1 unit is currently rented and three are just waiting for you to find the perfect tenant or, move right in yourself and let the other 3 units carry your monthly bills. Schedule your showing today! Seller is selling as is and will not make repairs or provide any occupancy permits. This property is contingent on short sale approval
Public Records
Oct 16, 2006
Sold
$150,000
$32/sq ft
Public Records
Jul 27, 2000
Sold
$79,500
$17/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,685 (+8.9%)
$6,290 + $64,730
$71,020
2024
$5,222 (+6.4%)
$6,290 + $64,730
$71,020
2023
$4,908 (+6.7%)
$5,690 + $58,550
$64,240
2022
$4,602 (+1.9%)
$4,650 + $47,800
$52,450
2021
$4,515 (−1.0%)
$4,650 + $47,800
$52,450
2019
$4,560 (+2.7%)
$4,370 + $44,920
$49,290
2018
$4,439 (+6.0%)
$4,110 + $42,330
$46,440
2017
$4,187 (+18.4%)
$4,000 + $39,280
$43,280
2016
$3,535 (−2.4%)
$4,000 + $39,280
$43,280
2015
$3,623 (+7.4%)
$4,000 + $39,280
$43,280
2013
$3,373
$4,110 + $40,340
$44,450
Tax history for 402 W 4th St
Year
Property tax
Land + Additions
Assessment*
2025
$5,685 (+8.9%)
$6,290 + $64,730
$71,020
2024
$5,222 (+6.4%)
$6,290 + $64,730
$71,020
2023
$4,908 (+6.7%)
$5,690 + $58,550
$64,240
2022
$4,602 (+1.9%)
$4,650 + $47,800
$52,450
2021
$4,515 (−1.0%)
$4,650 + $47,800
$52,450
2019
$4,560 (+2.7%)
$4,370 + $44,920
$49,290
2018
$4,439 (+6.0%)
$4,110 + $42,330
$46,440
2017
$4,187 (+18.4%)
$4,000 + $39,280
$43,280
2016
$3,535 (−2.4%)
$4,000 + $39,280
$43,280
2015
$3,623 (+7.4%)
$4,000 + $39,280
$43,280
2013
$3,373
$4,110 + $40,340
$44,450
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
3
Stories
2
Lot width
90 ft.
Lot depth
90 ft.
Lot size
8,100 Sq. Ft.
Year renovated
—
Sq. Ft.
2,220
Year built
1930
Style
Multi-Family (2-4 Unit)
County
Madison County
APN
232071406101010
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2026.
Property details
Parking
Parking Information
Parking Features: Off Street
Interior
Heating & Cooling
Has Heating
Heating Information: Forced Air
Cooling Information: Gas
Interior Features
Appliances: Some Refrigerator(s), Some Range Oven(s)