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Updated 4-Plex Investment
For Sale
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1457 W Lake Drive, Murphysboro, IL 62966

Four updated units include new mini-split HVAC, with coin-operated laundry available on-site.

Days on Market8

Property Features for 1457 W Lake Drive

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Business Included No
Multifamily Units 4

Amenities

on-site coin operated washer and dryer

Building Details

Year Built 1969
Tenancy Multi
Listing Agency: PAUL WILSON REALTY
Listed By: BETH WILSON · License #471.023108
Source: Crexi
Added: Jul 23 Changed: Jul 28 Last Checked: Jul 29 at 4:11PM

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 PAUL WILSON REALTY

Investment Insights

Based on property information with market context.

This four-unit property is presented as a 4-plex with multiple updates across the building. Each unit has been updated with new mini split HVAC units. Three of the units also feature updated LVP flooring and fresh paint. The electric is metered separately, while the owner pays for water and trash. An on-site coin-operated washer and dryer is located on the lower level for tenant use. A brand-new roof was installed on 7/26.

The property is located conveniently between Carbondale and Murphysboro in a rural setting.

For buyers seeking an income-producing residential property with separate electric metering and shared, coin-operated laundry, this 4-plex offers a recently updated and maintained exterior and mechanical system upgrades across the units.

Key Highlights

  • 4‑plex built in 1969 in a rural setting between Carbondale and Murphysboro
  • All units have been updated with new mini‑split HVAC units
  • 3 units include updated LVP flooring and paint

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Auto Repair Shop

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

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

46
Businesses Nearby

Demographics for 62966, IL

14,026
Population
7,125
Households
2
Avg Household Size
43
Median Age
23%
College-Educated
90%
High-School Grad
111.0 sq mi
ZIP Area
126
Density / Sq Mi
$54,242
Median Household Income
$32,109
Median Earnings
$681
Median Rent
$117,800
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?
Quadplex - Four updated units include new mini-split HVAC, with coin-operated laundry available on-site.
Where is this quadplex located?
The property is located at 1457 W Lake Drive Murphysboro, IL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 4‑plex built in 1969 in a rural setting between Carbondale and Murphysboro; All units have been updated with new mini‑split HVAC units; 3 units include updated LVP flooring and paint
More about this property
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