518 Ridge St

Alton, IL 62002

$230,000
Price
6
Beds
3
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Back on market - no fault of seller 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...Back on market - no fault of seller 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. Information is assumed accurate; Buyer or Buyer's Agent to verify all information.

Property Details for 518 Ridge Street

Architectural Style
Low/1-2
Waterfront
No
LISTING UPDATED: 11/24/2025 04:06 PM

Property Details for 518 Ridge Street

StatusActive
MLS #25010496
Days on Market263
Taxes$4,884 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 Family or More
Year Built1940
Lot Size-
CountyMadison County IL

Location

Listing Courtesy of Cole Jones Group with Elevate Illinois Realty
Add your commute

Building Information for 518 Ridge Street

Stories-Residences9Year Built1940Building Size-Lot Size-

Payment Calculator

$1,544 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,137

Property Taxes

$407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 518 Ridge Street

Summary
Location and General Information
  • City: Alton
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Latitude: 38.892649
  • Longitude: -90.173964
  • Postal Code: 62002
  • State Or Province: IL
  • Sub division Name: Hunter & Russells Add
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 23-2-07-13-05-101-003
  • Tax Annual Amount: $4,884.00
  • Tax Legal Description: HUNTER & RUSSELLS ADD NORTH 1/2 LOT 9 & 10 76.40 X 82.5
  • Tax Year: 2023
Owner
  • Township: Alton
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Open, Parking Lot, Unassigned
  • Parking Total: 0.0
School Information
  • Elementary School: ALTON DIST 11
  • High School: Alton
  • High School District: Alton DIST 11
  • Middle Or Junior School: ALTON DIST 11
Property
Lot Information
  • Living Area: 0.0
  • Lot Size Dimensions: 76.4 X 82.5
  • Property Sub Type: 5 Family or More
  • Property Type: Residential Income
Property and Assessments
  • Documents Count: 3
  • Photos Count: 14
  • Year Built: 1940
  • Disclosures: Unknown
  • Construction Materials: Brick
  • Ownership Type: Owner by Contract
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 0
  • Bedrooms Total: 0
  • Cooling: Central Air, Electric
  • Fireplace: No
  • Heating: Forced Air, Electric
  • Laundry Features: In Unit
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Net Operating Income: $8,055.00
  • Operating Expense Includes: Insurance,Licenses,Maintenance,Utilities
Unit 1
  • UnitType Beds Total: 1.0
Unit 2
  • UnitType Beds Total: 2.0
Unit 3
  • UnitType Beds Total: 3.0
Rental
Rent Information
  • Tenant Pays: Cable TV, Electricity

Property History for 518 Ridge Street

DateEvent & SourcePriceAppreciation
Jun 3, 2025

Price Change

MARIS #25010496

$240,000—
Apr 5, 2025

Listed (Active)

MARIS #25010496

$249,000—
May 12, 2023

Closed

MARIS #23000450

$165,000—
May 5, 2023

Pending

MARIS #23000450

—
Jan 5, 2023

Listed (Active)

MARIS #23000450

$190,000—
DateEvent & SourcePrice
06/03/2025

Price Change

MARIS #25010496

$240,000
04/05/2025

Listed (Active)

MARIS #25010496

$249,000
05/12/2023

Closed

MARIS #23000450

$165,000
05/05/2023

Pending

MARIS #23000450

—
01/05/2023

Listed (Active)

MARIS #23000450

$190,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 518 Ridge Street

This home is within Alton Community Unit School District 11.
Rating
School
Type
Grades
Distance
North Elementary School
Public - 2 to 5
Alton Middle School
Public - 6 to 8
Alton High School
Public - 9 to 12
Mark Twain School
Public - K to 12
Rating
School
Distance
North Elementary School
Public2 to 5

Alton Middle School
Public6 to 8

Alton High School
Public9 to 12

Mark Twain School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 518 Ridge Street, Alton, IL 62002

518 Ridge Street is a multi-family home for sale in Alton, IL 62002. This property was listed for sale on April 5, 2025 by Cole Jones Group with Elevate Illinois Realty, it's currently listed at $230,000. It has been on the market for a total of 263 days and was last sold on May 12, 2023. This listing's school district is Alton Community Unit School District 11. Nearby schools include North Elementary School, Alton Middle School and Alton High School. 518 Ridge Street is a 6-bed, 3-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cole Jones Group with Elevate Illinois Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/24/2025 06:13 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.