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    505 S Poplar St Carbondale, IL 62901

    Pending
    For Sale
    $339,900

    Residential Income - Carbondale, IL

    Property size:
    7,308 SF
    Days on Market:
    10
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 505 S Poplar St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    15-21-327-006
    Parking
    10
    Parking features
    Assigned
    Size
    7,308 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    10
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    beycome brokerage realty LLC (804) 656-5007 [email protected]

    Listing agent Misael Chacon (804) 656-5007 License #471.021523

    Listing date Dec 5, 2025

    MLS# QC4269643 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 Investment Opportunity

    This 10-unit residential income property is located in Carbondale, Illinois, near Southern Illinois University. The property features high-quality construction and contains a total of 7,308 square feet. The complex includes five 1-bedroom, 1-bathroom units and five 2-bedroom, 1-bathroom units. Each unit is equipped with washer and dryer hookups, as well as dishwashers. Each unit has separate electric and water meters, and tenants are responsible for all utility payments. The 1-bedroom units are expected to rent for $600 or more, while the 2-bedroom units are expected to rent for $750 or more. This property offers value-add potential and the opportunity for a strong net return on investment.
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.221247
    Latitude
    37.722567

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    FAQs

    What type of property is this?
    Apartment building - 10-unit complex near Southern Illinois University. Great investment potential.
    Where is this apartment building located?
    The property is located at 505 S Poplar St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: - High-quality brick construction; - Separate electric and water meters for each unit; - Washer and dryer hookups in every unit
    (804) 656-5007
    Request Owner's contact information
    505 S Poplar 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
    505 S Poplar St Carbondale, IL 62901
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