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    405-411 E Mill St Carbondale, IL 62901

    For Sale
    $720,000

    Residential Income - Carbondale, IL

    Property size:
    14,400 SF
    Days on Market:
    113
    Last Refresh:
    Dec 13 at 9:06 pm

    Property Features for 405-411 E Mill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    15-21-430-002
    Parking
    33
    Exterior features
    Level
    Size
    14,400 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Number of units
    14
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

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

    Listing agent Rolf Schilling (618) 303-0701 License #471012048

    Listing date Aug 23, 2025

    MLS# EB459419 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 Residential Income Opportunity

    This residential income property features 14 two-bedroom townhouse units, each with 1.5 baths. Most units include appliances such as a washer/dryer, dishwasher, refrigerator, and stove. A large paved parking lot serves the complex. The property is located seconds from Southern Illinois University Campus Rec and Medical Center. The projected annual income is $127,000, currently based on existing income. The property is sold AS IS with no warranties.
    Property Profile 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
    37.721102

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    FAQs

    What type of property is this?
    Apartment building - 14 townhouse units near Southern Illinois University campus.
    Where is this apartment building located?
    The property is located at 405-411 E Mill St 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: - Bank Foreclosure - Potential for a favorable purchase price.; - 14 Two-Bedroom Townhouse Units with 1.5 Baths.; - Includes Appliances (Washer/Dryer, Dishwasher, Refrigerator, Stove) in Most Units.
    (618) 303-0701
    Request Owner's contact information
    405-411 E Mill 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
    405-411 E Mill St Carbondale, IL 62901
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