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2705 College Ave, Alton, IL, 62002

3beds
2baths
--sqft
$980,000
--price/sqft
$7,835/moest. monthly cost
$313,400/yrincome needed

About This Home

INVESTMENT OPPURTUNITY....... very near Dental College. Corner property comprised of 2-buildings with a total of 14 units. Newer building on Clawson street has 6 identical 2 bedroom units.( rents vary $800-$850) The college avenue building has 8 units. (rents vary $700-$1000) There are 2-coin operated washers and dryers on the property. Tenants pay utilities except for trash service. Units are inspected between tenants and well maintained. AGENT OWNED

Getting Around

65
WalkingSomewhat Walkable
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

5/10
East Elementary SchoolGrades 3-50.6 mi
4/10
Alton Middle SchoolGrades 6-80.5 mi
3/10
Alton High SchoolGrades PK,9-122.3 mi

Construction

Condition

  • Year built: 1835

Materials

  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Low/1-2
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Other,In Unit

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air,Electric

Property

Details

  • Parcel number: 232080710102001
  • Special condition: Standard

Lot

  • Lot size: 0.33 Acres

Parking

  • Parking features: Open,Parking Lot
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Earthquake
Hail
Lightning
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,955$59,460
Home Insurance *$1,289$15,468
Property Taxes $1,461$17,532
Electricity $130$1,569
Total$7,835$94,020
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$268,628/yr
40% on housing$235,050/yr
45% on housing$208,933/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 62002$113
Madison County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 62002$99
Madison County$119

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-31Listed for sale$980,000
2023-03-20Listing removed--
2023-02-14Price change$830,000
2023-01-17Listed for sale$840,000
2016-04-29Sold$250,000
2015-12-28Listed for sale$395,000

For Sale by Agent

AgentKevin M Huelsmann
BrokerageRE/MAX Alliance

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