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Updated Fourplex Investment Opportunity
For Sale
Contact for pricing
Pending

1457 W Lake Rd, Murphysboro, IL 62966

Four-unit property with recent updates in a rural setting.

Property SizeContact for details
Days on Market190

Property Features for 1457 W Lake Rd

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Building Details

Year Built 1969
Buildings 1
Stories 2
Listing Agency: PAUL WILSON REALTY
Listed By: BETH WILSON · License #471.023108
Source: Crexi
Added: Feb 2 Changed: Aug 10 Last Checked: Aug 10 at 7:13AM

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 fourplex presents an investment opportunity, situated in a rural location between Carbondale and Murphysboro. The property has been updated with new mini-split HVAC units. Three of the units feature new LVP flooring and paint. Electric is separately metered and paid by the tenants. The owner is responsible for water and trash services. A coin laundry facility is available on the lower level for tenant use.

Key Highlights

  • Updated with new mini‑split HVAC units in all units.
  • Great investment opportunity with income potential.
  • Separate electric meters for each unit (tenants pay electric).

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Building Supply HVAC Service Restaurant Real Estate Agency Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

55
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit property with recent updates in a rural setting.
Where is this quadplex located?
The property is located at 1457 W Lake Rd Murphysboro, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Updated with new mini‑split HVAC units in all units.; Great investment opportunity with income potential.; Separate electric meters for each unit (tenants pay electric).
More about this property
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