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Apartment Buildings with On-Site Laundry
For Sale
$795,000

2310 S ILLINOIS Avenue, Carbondale, IL 62903

Three structures provide one-bedroom, one-bath residences with individual laundry facilities throughout the property.

Property Size11,000 SF
Lot Size1.00 Acre
Days on Market649

Property Features for 2310 S ILLINOIS Avenue

General Information

Standard status Active
Size 11,000 SF
Lot size 1.00 Acre
Property subtype Commercial
Zoning SB

Units

Unit Mix 1 x 1BR/1BA, 16 x 1BR/1BA
Multifamily Units 17

Taxes and HOA fees

Annual Taxes $9,555

Amenities

in-unit laundry

Building Details

Building Size 11,000 SF
Year Built 2008
Buildings 3
Stories 2
Units 17
Listing Agency: COMMERCIAL REALTY ASSOCIATES
Listed By: Rolf Schilling · License #471012048
Source: Perillorealestategroup
Added: Nov 1, 2024 Changed: Aug 4 Last Checked: Aug 10 at 10:52AM

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 COMMERCIAL REALTY ASSOCIATES

Investment Insights

Based on property information with market context.

This multifamily property occupies a 1-acre site with three buildings: one home and two 8-plex apartment buildings. The residential layout includes one-bedroom, one-bath units, and every unit has its own laundry facilities. The property was built in 2008 and has undergone city inspection. Zoning is SB.

The property is located 1 mile south of Southern Illinois University and within minutes of downtown Carbondale. Major shopping complexes are approximately 2 miles away, placing campus, downtown, and retail destinations within the surrounding area.

Key Highlights

  • 1‑acre multifamily site with 3 buildings
  • Two 8‑plexes plus a 1‑bedroom, 1‑bath home
  • All units are 1 bedroom and 1 bath

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Bakery Pharmacy Building Supply Law Firm Grocery & Convenience Store

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

17
Residential units

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby

Demographics for 62903, IL

2,473
Population
1,452
Households
1.7
Avg Household Size
35
Median Age
45%
College-Educated
92%
High-School Grad
20.2 sq mi
ZIP Area
122
Density / Sq Mi
$39,526
Median Household Income
$21,083
Median Earnings
$802
Median Rent
$164,000
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 - Three structures provide one-bedroom, one-bath residences with individual laundry facilities throughout the property.
Where is this apartment building located?
The property is located at 2310 S ILLINOIS Avenue Carbondale, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1‑acre multifamily site with 3 buildings; Two 8‑plexes plus a 1‑bedroom, 1‑bath home; All units are 1 bedroom and 1 bath
More about this property
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