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Renovated Multifamily Investment Opportunity

1300 Illinois Street Mobile, AL 36604

1300 Illinois Street, Mobile, AL, 36604

$600,000

For Sale

$600,000

MULTI_FAMILY - Mobile, AL

Lot Size0.17 Acres

AddedMar 6

Days on Market131

Last RefreshJul 15 at 9:06 am

Property Features for 1300 Illinois Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking: 8
Parking features: Driveway, Parking Lot
Fencing: Fenced
Standard status: Active
APN: 2910272003007
Lot size: 0.17 Acres

Taxes and HOA fees

Tax Annual Amount: 1664

Utilities

Utilities: Cable Available
Sewer type: Public Sewer
Water source: Public

Building Details

Floors in Building: 2
Number of units: 6
Flooring type: Hardwood
Roof type: Shingle

Listing agent Rameh Dickens Khazen License #93507

Listing office Bellator Real Estate LLC Mobile Spanish Fort, AL

Listing date Mar 6, 2026

MLS# 7730097 Listing URL

Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated six-unit apartment building offers a diversified income stream. The property features four fully furnished short-term rental units and two long-term rentals. The short-term units are professionally furnished with updated furniture, bedding, and supplies and are operating at near full occupancy. The two long-term units are leased to reliable tenants. A coin-operated laundry facility provides additional income. The building is professionally managed and generates average gross rents of over $7,000 per month. Significant capital improvements were completed in 2024, including new roofs, updated electrical systems, and updated plumbing. Nearly all units received new flooring or refinished hardwood floors, along with new appliances, new PTAC-style HVAC units, and updated water heaters. The property has been stabilized and positioned for continued strong performance with minimal deferred maintenance. The surrounding area is experiencing increased development, job creation, and infrastructure improvements due to the relocation of the Mobile International Airport, which are expected to further drive housing demand and long-term property values. The lot size is 0.1683 acres.

Key Highlights

Renovated 6‑unit apartment building with average gross rents over $7,000/month
Income mix: 4 fully furnished short‑term rental units plus 2 long‑term leased units
Coin‑operated laundry facility on‑site for additional income

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

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For sale
Apartment buildings
AL
Mobile
36604
1300 Illinois Street

What type of property is this?

Apartment building - High-income producing six-unit apartment building with diversified income streams.

Where is this apartment building located?

The property is located at 1300 Illinois Street Mobile, AL.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Renovated 6‑unit apartment building with average gross rents over $7,000/month; Income mix: 4 fully furnished short‑term rental units plus 2 long‑term leased units; Coin‑operated laundry facility on‑site for additional income

1300 Illinois Street Mobile, AL 36604

MULTI_FAMILY - Mobile, AL

Property Features for 1300 Illinois Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Retail Strip Center with Vacant Units

Multi-Tenant Office Building

Mixed-Use Commercial Building

Freestanding Medical Office on Hillcrest

Multi-Suite Office Building

Live-Work Salon Property

Office Building with Parking

Two Triplex Buildings

Updated Office Complex in Mobile

Mobile Office Building For Sale

Midtown 9-Unit Apartment Complex

Six-Unit Apartment Income Building

FAQs