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    504 W Mill St Carbondale, IL 62901

    For Sale
    $595,000

    Residential Income - Carbondale, IL

    Property size:
    1,850 SF
    Days on Market:
    224
    Last Refresh:
    Dec 9 at 9:06 pm

    Property Features for 504 W Mill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI-FAMILY
    APN
    15-21-333-007
    Parking
    20
    Parking features
    Guest
    Interior features
    High Speed Internet
    Exterior features
    Corner Lot
    Size
    1,850 SF

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1923
    Number of units
    9
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    New BeginningZ Realty Inc. (618) 527-5766 [email protected]

    Listing agent JASON MUELLER (618) 529-4663 License #471006330

    Listing date Apr 30, 2025

    MLS# EB456105 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 Portfolio

    This is an opportunity to purchase seven different properties, including eight single-family homes and one duplex, all of which are currently rented and generating consistent cash flow. All units have long-term tenants. The properties include: 504 Mill (rented for $1050 per month), 404 W Elm (rented for $1200 per month), 310 W Pecan (rented for $1100 per month), 408 S. James (rented for $1200 per month), 701 W College (rented for $1250 per month), 703 W. College (rented for $1200 per month) and 513 S. Rawlings (rented for $1250 per month). The gross annual rent for all properties totals $99,000. The properties are located in Carbondale, Illinois, within Jackson County. The total property size is 1850 square feet. The zoning is designated as multi-family.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Pickle Public Bathroom

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.220644
    Latitude
    37.719739

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    FAQs

    What type of property is this?
    Residential income property - Investment opportunity: portfolio of 8 single-family homes and one duplex.
    Where is this residential income property located?
    The property is located at 504 W Mill St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Portfolio of 7 properties available, featuring 8 single-family homes and 1 duplex.; - All properties are currently rented with long-term tenants, ensuring consistent cash flow.; - Gross annual rent for all properties totals $99,000.
    (618) 529-4663
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    504 W 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
    504 W Mill St Carbondale, IL 62901
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