617 State St, Alton, IL 62002

$495,000

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List Price
$495,000
Days on Market
40
MLS#
26037113
Status
ACTIVE
Lot Size
9,043
Acres
0.21
Year Built
1861
Subdivision
Mulledys John Sub
Municipality
Alton
County
Madison
Listing Type
Multifamily

Property Description

Commonly known as the Haagen Haus, this remarkable Civil War-era residence blends timeless elegance, rich history, and exceptional investment potential in the heart of Alton's charming Christian Hill neighborhood. Showcasing over 4,300 square feet of beautifully appointed living space, this fully furnished property features stunning hardwood floors, soaring ceilings, four fireplaces, attractive finishes and fixtures, and views of the iconic Alton Bridge. Currently operating as a successful hospitality-oriented guest house, the property is configured as four separate living units, each with its own kitchen and included appliances, offering incredible flexibility for investors, owner-occupants, or multi-generational living. Generate income by renting all four units, or enjoy the home as your primary residence while leasing one, two, or three additional units to offset ownership costs. The lower-level suite offers a private entrance through a wrought-iron gated courtyard, full lookout windows, a private brick patio, and the perfect setup for an in-law suite, guest quarters, or additional income-producing space. Situated on a prominent corner lot exceeding 9,000 square feet, the outdoor spaces are equally impressive. A private brick-sided courtyard patio with included gazebo provides an inviting setting for entertaining, special events, family gatherings, or peaceful relaxation. Charming brick-lined streets and the character-filled surroundings of Christian Hill further enhance the property's appeal. With an established Airbnb presence, excellent guest reviews, proven rental history, growing tourism demand, low-maintenance management, and furnishings included, this turnkey opportunity is ready for immediate enjoyment and income generation. Whether you're seeking a distinguished historic residence, a thriving hospitality business, or a unique live-and-earn opportunity, the possibilities are truly endless at the Haagen Haus. Courtyard Suite: 1 BR, 1 BA, Larger Unit w/ private courtyard patio access, $2112 rent; Eagle view Suite: 2 BR, 1 BA, two level unit, $1920 Rent; Sky View Suite: 1 BR, 1 BA, $1608 Rent; Garden View Suite: 1 BR, 1 BA, Private Entrance and Garden Patio, $1740 Rent.

Additional Information

School District
Alton DIST 11
Elementary School
ALTON DIST 11
Jr. High School
ALTON DIST 11
Sr. High School
Alton
Parking Description
On Street
Cooling
Central Air
Heating
Forced Air
Water
Public
Selling Terms
1031 Exchange, Cash, Conventional

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Listing courtesy of RE/MAX Alliance.

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