Active
6 beds3 baths

518 Ridge St, Alton, IL 62002

Multi FamilyProperty Type
1940Year Built

Description

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
...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.
550 days on Market
  • Listed by: Olivia Yost Kloeckner 618.408.1364 oyo@colejonesgroup.com • Cole Jones Group with Elevate Illinois Realty
  • Listed by: David Cole 618.365.0600 david@colejonesgroup.com • Cole Jones Group with Elevate Illinois Realty
Last updated: 08/03/2026 03:18 PM • Source: MARIS, MLS#: 25010496
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Location

Listing Courtesy of Cole Jones Group with Elevate Illinois Realty
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$1,448 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,041

Property Taxes

$407

HOA Dues

$0

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Property Information for 518 Ridge Street

Property Details

  • Taxes: $4,884 / year
  • MLS Type: Residential Income / 5 Family or More
  • Architectural Style: Low/1-2
  • Waterfront: No

Building Information

  • Residences: 9
  • Year Built: 1940

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
  • NewConstructionYN: No
  • OccupantType: Tenant
  • OperatingExpense: $34,216.00
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Interior and Exterior Features

Exterior Features
  • MIS_PoolYN: No
  • NumberOfBuildings: 2
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
  • MIS_MainAndUpperLevelBedrooms: 0
  • MIS_MainAndUpperLevelBathrooms: 0

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
Nov 17, 2025

Price Change

MARIS #25010496

$230,000—
Jun 3, 2025

Price Change

MARIS #25010496

$240,000—
Apr 5, 2025

Listed (Active)

MARIS #25010496

$249,000—
DateEvent & SourcePrice
11/17/2025

Price Change

MARIS #25010496

$230,000
06/03/2025

Price Change

MARIS #25010496

$240,000
04/05/2025

Listed (Active)

MARIS #25010496

$249,000

For completeness, we 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
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
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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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 $195,000. It has been on the market for a total of 550 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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cole Jones Group with Elevate Illinois Realty

Based on information submitted to the MLS GRID as of 08/03/2026 03:18 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.