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    402-408 Hester St, Unit 14 Carbondale, IL 62901

    Sponsored
    For Sale
    Pending
    $720,000

    MULTI_FAMILY - Carbondale, IL

    Days on Market:
    169
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 402-408 Hester St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    15-21-430-009
    Parking
    10

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Number of units
    14
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    Commercial Realty Associates (618) 303-0700 [email protected]

    Listing agent Rolf R Schilling

    Listing date Jul 26, 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

    Investment Opportunity Near SIU Campus

    This multifamily property presents an investment opportunity located across the street from Southern Illinois University's campus, recreation center, and medical services building. The property is a newer construction and includes major appliances. Carbondale City has inspected the property. The majority of the units are rented. The property is located in Carbondale, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.210014
    Latitude
    37.720513

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property near Southern Illinois University, great investment opportunity.
    Where is this apartment building located?
    The property is located at 402-408 Hester St, Unit 14 Carbondale, IL.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: - Investment opportunity near Southern Illinois University campus; - Discounted price due to recent bank foreclosure; - Majority of units are currently rented
    (618) 303-0700
    Request Owner's contact information
    402-408 Hester St, Unit 14 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
    402-408 Hester St, Unit 14 Carbondale, IL 62901
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