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    403 W Elm St Carbondale, IL 62901

    Under Contract
    For Sale
    Contact for pricing

    Residential Income - Carbondale, IL

    Property size:
    1,724 SF
    Days on Market:
    60
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 403 W Elm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    15-21-183-003
    Parking
    4
    Parking features
    On Street
    Size
    1,724 SF

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1928
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    REMAX Realty Central (618) 924-3644 [email protected]

    Listing agent Rachel Davenport (618) 457-4663 License #471022162

    Listing date Oct 7, 2025

    MLS# EB452089 Listing URL

    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 Income Property

    This multifamily property, located in Carbondale, Illinois, features four units, with two units currently being rented. The property is being sold AS-IS. The building has a total size of 1724 square feet. This property is located in Jackson County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Spa & Massage Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Food Market Storage Facility Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.220043
    Latitude
    37.723913

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    FAQs

    What type of property is this?
    Quadplex - Multifamily property in Carbondale, Illinois, with four units.
    Where is this quadplex located?
    The property is located at 403 W Elm St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Four units total, offering immediate rental income potential.; - Two units are currently rented, providing existing cash flow.; - Opportunity to purchase multiple properties from the same investor in packaged deals.
    (618) 457-4663
    Request Owner's contact information
    403 W Elm St 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
    403 W Elm St Carbondale, IL 62901
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