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    701 W College St Carbondale, IL 62901

    For Sale
    $140,000

    Residential Income - Carbondale, IL

    Property size:
    3,600 SF
    Days on Market:
    215
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 701 W College St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    15-21-311-013
    Parking
    6
    Parking features
    Guest
    Exterior features
    Corner Lot
    Size
    3,600 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1957
    Number of units
    2
    Building materials
    Vinyl 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 May 7, 2025

    MLS# EB457683 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 Income Property Opportunity

    This property features two single-family homes situated next to each other, presenting an investment opportunity. One residence includes 5 bedrooms and 2 bathrooms, currently rented for $1250 per month. The second home offers 4 bedrooms and 2 bathrooms, with a rental income of $1200 per month. The total living area of both properties combined is 3600 square feet. Located in Carbondale, Illinois, the properties benefit from close proximity to Southern Illinois University (SIU) and have a solid rental history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    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
    -89.223285
    Latitude
    37.72104

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    FAQs

    What type of property is this?
    Single family property - Two single-family homes near SIU, generating rental income.
    Where is this single family property located?
    The property is located at 701 W College St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Two single-family homes included in the sale; - Existing rental income of $1250 and $1200 per month; - **5 bedroom, 2 bath home and 4 bedroom, 2 bath home**
    (618) 529-4663
    Request Owner's contact information
    701 W College 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
    701 W College St Carbondale, IL 62901
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