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17-Unit Apartment Property
For Sale
$795,000

2310 S ILLINOIS Avenue, Carbondale, IL 62903

Each residence has its own laundry facilities, with a consistent one-bedroom, one-bathroom layout throughout.

Property Size11,000 SF
Lot Size1.00 Acre
Price / SF$72.27
Days on Market724

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 home, 16 x 1BR/1BA (two 8-plexes)
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: Fishmangroup
Added: Nov 1, 2024 Changed: Oct 23 Last Checked: Oct 23 at 5:01PM

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

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Investment Insights

Based on property information with market context.

Three residential buildings at 2310 S Illinois Avenue comprise a 17-unit apartment property: one detached home and two eight-unit buildings. All 17 residences have one bedroom and one bathroom, and each includes its own laundry facilities. The property was built in 2008 and is zoned SB.

The site covers 1 acre in Carbondale, about 1 mile south of Southern Illinois University. Downtown Carbondale is a short drive away, and shopping complexes are approximately 2 miles from the property. The buildings have undergone city inspection.

Key Highlights

  • 17 residences across three buildings: one home and two eight‑unit buildings
  • All units have one bedroom, one bathroom, and individual laundry facilities
  • 1‑acre site in Carbondale, approximately 1 mile south of Southern Illinois University

Property Analytics

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Lease Details

17
Residential units

Location Intelligence

Trade Area within ½ mile

74
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Each residence has its own laundry facilities, with a consistent one-bedroom, one-bathroom layout throughout.
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: 17 residences across three buildings: one home and two eight‑unit buildings; All units have one bedroom, one bathroom, and individual laundry facilities; 1‑acre site in Carbondale, approximately 1 mile south of Southern Illinois University
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