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    1950 N Illinois Ave Carbondale, IL 62901

    Sponsored
    For Sale
    $275,000

    MULTI_FAMILY - Carbondale, IL

    Days on Market:
    87
    Last Refresh:
    Jan 7 at 7:06 pm

    Property Features for 1950 N Illinois Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    15-09-326-022
    Parking
    18

    Utilities

    Heating system
    Natural Gas, Baseboard, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1950
    Number of units
    9
    Building materials
    Asbestos
    Roof type
    Shingle

    beycome brokerage realty LLC (804) 656-5007 [email protected]

    Listing agent Misael Chacon

    Listing date Oct 13, 2025

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Carbondale Multifamily Investment Opportunity

    This multifamily property in Carbondale, Illinois, features nine units and is presented as an investment opportunity. The property is designed for low maintenance, with electric baseboards and wall-mounted air conditioning units. Tenants are responsible for covering their electric and gas expenses. The property utilizes city water and sewer services. It is located in a favorable area of the city and offers good occupancy rates. There is potential for value to be added to the property. Property management services are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Wholesale Shop Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Grocery Store Storage Facility HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.220618
    Latitude
    37.752191

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit multifamily property in Carbondale, Illinois, with value-add potential.
    Where is this apartment building located?
    The property is located at 1950 N Illinois Ave Carbondale, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Great Location: Situated in a desirable area, enhancing its appeal.; - Nine Units: Provides a substantial investment opportunity.; - Good Occupancy: Indicates a stable rental history.
    (847) 865-9309
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    1950 N Illinois Ave Carbondale, IL 62901
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    Carbondale, IL 62901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1950 N Illinois Ave Carbondale, IL 62901
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