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Two Fourplex Apartment Buildings
For Sale
$276,000

418 South Graham Avenue, Carbondale, IL 62901

Furnished apartments near campus feature hardwood flooring and updated kitchens and baths.

Property SizeContact for details
Days on Market632

Property Features for 418 South Graham Avenue

General Information

Standard status Active
Property subtype Multi Family 5+ / Multi Family 5+
Net Operating Income $20,039

Units

Unit Mix 8 x 2BR/1BA
Multifamily Units 8

Additional Details

Furnished Yes

Taxes and HOA fees

Annual Taxes $11,070

Building Details

Year Built 1965
Buildings 2
Listing Agency: FIVE STAR REALTY
Listed By: JAMES STEINBACH · License #471003070
Source: Compass
Added: Dec 8, 2024 Changed: Aug 31 Last Checked: Aug 30 at 11:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FIVE STAR REALTY

Investment Insights

Based on property information with market context.

This multifamily property includes two fourplex buildings with 8 furnished units in total. Each apartment offers 2 bedrooms, 1 bath, and hardwood floors. Improvements have been made to selected kitchens, bathrooms, windows, and interior paint, supporting a refreshed unit presentation while retaining the buildings’ established character.

The property is located at 418 South Graham Avenue in Carbondale, close to campus. The building at 420 received a new roof in 2021, adding a recent capital improvement to the overall property package.

Key Highlights

  • Two fourplex buildings with 8 units total
  • Furnished 2‑bedroom, 1‑bath apartments
  • Hardwood flooring throughout the units

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Bakery Locksmith Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,503
Businesses Nearby

Demographics for 62901, IL

22,967
Population
12,498
Households
1.8
Avg Household Size
29
Median Age
48%
College-Educated
95%
High-School Grad
27.1 sq mi
ZIP Area
847
Density / Sq Mi
$32,960
Median Household Income
$23,962
Median Earnings
$732
Median Rent
$137,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Furnished apartments near campus feature hardwood flooring and updated kitchens and baths.
Where is this apartment building located?
The property is located at 418 South Graham Avenue Carbondale, IL.
What is the asking price?
The asking price for this property is $276,000.
What are key features of this property?
This property features: Two fourplex buildings with 8 units total; Furnished 2‑bedroom, 1‑bath apartments; Hardwood flooring throughout the units
More about this property
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