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617 State St, Alton, IL, 62002

5beds
4baths
4,200sqft
$519,900
$124price/sqft
$4,410/moest. monthly cost
$176,400/yrincome needed

About This Home

Live in one unit and rent out the others in this fully furnished historic 4-unit property. Rental income from the additional units offers strong potential to significantly offset, or potentially cover, your mortgage. Welcome to the historic Häagen Haus, a rare opportunity to own a four-unit property in the heart of downtown Alton. Each of the four units offers its own distinct character, featuring vaulted ceilings, fireplaces, and thoughtfully designed interiors that blend historic charm with modern comfort. Two of the units include private patios, adding valuable outdoor living space. All units are fully furnished! They are also equipped with smart TVs and convenient keypad entry, providing ease, security, and a seamless guest experience. This property has a strong history of successful short-term and many long-term rentals, with consistent demand and reliable occupancy. A property manager is already in place and willing to continue managing rentals for the new owner, making this a truly turnkey opportunity. Whether operated as a full rental portfolio, a long-term investment, or an owner-occupied property with additional income, Häagen Haus offers exceptional flexibility and strong income potential.

Getting Around

74
WalkingVery Walkable
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

3/10
West Elementary SchoolGrades 2-50.9 mi
4/10
Alton Middle SchoolGrades 6-82.0 mi
3/10
Alton High SchoolGrades PK,9-123.2 mi

Construction

Condition

  • Year built: 1861

Materials

  • Roof: Shake / Shingle

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Flooring: Tile,Hardwood
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Other,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 4,200 sqft

Property

Details

  • Parcel number: 232071118303025

Features

  • Exterior features: Brick
  • Has view: Yes
  • View description: Water,City
  • Has water view: Yes
  • Water view: Water

Lot

  • Lot size: 9,042 sqft

Parking

  • Parking features: On-street