THIS IS A MULTI-PACKAGE DEAL! 518-521 Ridge St and 600 Ridge St (These are mixed-use Commercial / Residential Units - 9 Units Total) & 2 additional, vacant lots. Additional parcel numbers included in sale: 23-2-07-12-17-304-008, 23-2-07-12-17-304-010 & 23-2-07-12-17-304-011. LISTED TAXES reflect ONLY 518-521 Ridge St. Gross Operating Income, Net Income and Total Expense reflect Jan - Dec, 2024. Seller updated all but one of the residential units. 520 1/2 Ridge St is vacant and able to be shown. DO NOT DISTURB OTHER TENANTS; Viewing of occupied unit(s) to be coordinated upon an accepted offer. Property being sold as-is, where-is. Information is assumed accurate; Buyer or Buyer's Agent to verify all information.
Multi-familyProperty Type
1940Year Built
6,303 sq ftLot Size
Listed by Olivia Yost Kloeckner• Cole Jones Group with Elevate Illinois Realty
Listed by David Cole• Cole Jones Group with Elevate Illinois Realty
Middletown, located between Downtown Alton and the Mississippi River bluffs, is a historic and residential Alton neighborhood with brick storefront blocks and tree-lined side streets. The neighborhood’s character concentrates around the 3rd Street corridor near State Street, where corner taverns, local diners, and small service shops set a steady, lived-in rhythm. Landmarks such as the Alton Museum of History & Art, the Jacoby Arts Center, and the historic Argosy Casino Alton act as cultural anchors nearby. Housing stock leans toward older frame homes and compact lots, with walkable blocks that connect to riverfront routes. The landscape shifts gently toward the bluff line, giving streets a layered, river-town feel. Public parks and the downtown grid keep daily errands and evening plans on foot-friendly streets.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Electric water heater
Insurance, licenses, maintenance and utilities included in operating expenses
Bedrooms
Two 1-bedroom units
Two 2-bedroom units
One 3-bedroom unit
Bathrooms
All units have one bathroom
Laundry & utility
In-unit laundry
Heating & cooling
Forced air heating (electric)
Central air conditioning (electric)
Exterior features
Lot dimensions approximately 76.4 x 82.5
No pool
Home design
Residential income property (5-family or more)
Owner by contract
Parking
Open parking lot with unassigned spaces
Construction
Brick construction
Utilities
Public water
Public sewer
Financial info
Gross annual income reported at $42,302
Net operating income reported at $8,055
Tenants pay cable TV and electricity
Electricity and solar
View estimated energy costs and solar savings for this home