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    405 S Ash St Carbondale, IL 61901

    For Sale
    $1,588,100

    Commercial - Carbondale, IL

    Days on Market:
    122
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 405 S Ash St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    APN
    15-21-181-003

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Number of units
    118
    Flooring type
    Carpet, Tile
    Building materials
    Frame, Vinyl Siding, Wood Siding
    Roof type
    Composition, Shingle
    Architectural style
    Other

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

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

    Listing date Aug 12, 2025

    MLS# EB451676 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 Rental Housing Package

    This offering consists of a package of 23 properties located in Carbondale, Illinois. The properties, zoned R3, include a total of 39 units with 118 bedrooms. These are free-standing houses that have been converted into apartments, but could be reconfigured for single-family use. Most of the properties have ample on-site parking. The properties are being sold "AS IS". The seller is retiring and has chosen not to rent the units at this time, allowing a new owner to adapt the rents to their needs. The potential income is $432,000 per year. Details and disclosures are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -89.21752995
    Latitude
    37.729059764

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    FAQs

    What type of property is this?
    Apartment building - 23 properties, 39 units, 118 bedrooms, potential $432,000/yr income.
    Where is this apartment building located?
    The property is located at 405 S Ash St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $1,588,100.
    What are key features of this property?
    This property features: - Large package of 23 properties with 39 units/118 bedrooms.; - Potential income of $432,000/year.; - Free standing houses easily reconfigured for single family use.
    (618) 303-0701
    Request Owner's contact information
    405 S Ash St Carbondale, IL 61901
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    Carbondale, IL 61901
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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 S Ash St Carbondale, IL 61901
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