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Renovated 40-Unit Apartment Property
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1433 E Walnut St, Carbondale, IL 62902

Recently renovated multifamily property with coded gate access, surface parking, and an on-site laundry building.

Property SizeContact for details
Days on Market144

Property Features for 1433 E Walnut St

General Information

Standard status Active
Total Parking Spaces 96
Property subtype Multifamily

Units

Unit Mix 40 x 2BR/1BA
Multifamily Units 41

Amenities

laundry room
front gate with security code

Building Details

Buildings 12
Listing Agency: RE/MAX Preferred
Listed By: Paul Mann · License #MO 2014020390
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 5:06PM

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 RE/MAX Preferred

Investment Insights

Based on property information with market context.

This multifamily property contains 40 two-bedroom, one-bath apartments arranged across 10 two-story buildings. Each apartment includes an oven/range and refrigerator. The property also includes a 1,512-square-foot storage garage and laundry room, plus a 1,500-square-foot rentable single-family residence. Recent improvements include a new front gate secured by an access code.

Surface parking provides 96 spaces for the apartment community. The property is located at 1433 E Walnut St in Carbondale, Illinois, 96 miles southeast of St. Louis and near the northern edge of the Shawnee National Forest. Carbondale is home to the main campus of Southern Illinois University, providing a university presence and associated cultural activity within the community.

Key Highlights

  • 40 two‑bedroom, one‑bath apartment units
  • 10 two‑story apartment buildings, each measuring 3,024 S/F GLA above grade
  • 1,512 square foot storage garage and laundry room

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Kitchen & Bath Showroom

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

41
Residential units

Location Intelligence

Trade Area within ½ mile

320
Businesses Nearby

Demographics for 62902, IL

4,344
Population
2,340
Households
1.9
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
68
Density / Sq Mi
$75,313
Median Household Income
$30,218
Median Earnings
$899
Median Rent
$184,300
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 - Recently renovated multifamily property with coded gate access, surface parking, and an on-site laundry building.
Where is this apartment building located?
The property is located at 1433 E Walnut St Carbondale, IL.
What are key features of this property?
This property features: 40 two‑bedroom, one‑bath apartment units; 10 two‑story apartment buildings, each measuring 3,024 S/F GLA above grade; 1,512 square foot storage garage and laundry room
More about this property
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