Two-Unit Duplex with Attached
For Sale
$319,900
26 Fox Meadow Lane, Glen Carbon, IL 62034
Matching residences offer two-bedroom layouts, fireplaces, and individual attached garages.
Property Size1,958 SF
Price / SF$163.38
Days on Market28
Property Features for 26 Fox Meadow Lane
General Information
Standard status
Active
Size
1,958 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$5,077
Building Details
Building Size
1,958 SF
Year Built
1985
Buildings
1
Stories
1
Units
2
Listing Agency:
RE/MAX Alliance
(618) 656-2111
Listed By:
Tami & Zak Dittamore · License #475137011
(618) 531-4652
Source:
Eaglerealtygroup
Added: Oct 5
Changed: Oct 26
Last Checked: Oct 29 at 7:13PM
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 Alliance
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Investment Insights
Based on property information with market context.
This 1,958-square-foot duplex, built in 1985, contains two matching residences, each arranged with two bedrooms and one full bath. Both sides feature a wood-burning fireplace, a kitchen with a breakfast nook, and an attached one-car garage. Walk-out lower levels are partially finished; storage areas include laundry hookups. A covered rear deck overlooks a wooded backyard.
The property is near SIUE, parks, shopping, and major routes. Its two-unit configuration supports occupancy in one residence while leasing the other, or leasing both units.
The property is near SIUE, parks, shopping, and major routes. Its two-unit configuration supports occupancy in one residence while leasing the other, or leasing both units.
Key Highlights
- Two matching residences, each with 2 bedrooms and 1 bath
- 1,958 square feet; built in 1985
- Wood‑burning fireplace in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,423
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,460
$288.5K
Cap Rate 7%
$206,043
$206.0K
Cap Rate 9%
$160,256
$160.3K
Market Conditions
NOI Build-Up for 1,958 SF
Gross rent
$22.3K $11.40/SF
− Vacancy
−$1.7K −$0.88/SF
EGI
$20.6K $10.52/SF
− OpEx
−$6.2K −$3.16/SF
NOI
$14.4K $7.37/SF
Area
Madison County, IL
Vacancy
7.69%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,460
Cap Rate 7%
$206,043
Cap Rate 9%
$160,256
Alternative Uses
Best Use
Multifamily LT 5
$206.0K
$180.3K – $240.4K
NOI $14,423 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$193.4K
$169.2K – $225.7K
NOI $13,539 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$533.7K
$467.0K – $622.7K
NOI $37,359 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
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Business Placement
Demographics for 62034, IL
14,665
Population
6,197
Households
2.4
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$93,366
Median Household Income
$53,030
Median Earnings
$1,100
Median Rent
$274,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Matching residences offer two-bedroom layouts, fireplaces, and individual attached garages.
Where is this duplex located?
The property is located at 26 Fox Meadow Lane Glen Carbon, IL.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two matching residences, each with 2 bedrooms and 1 bath; 1,958 square feet; built in 1985; Wood‑burning fireplace in each residence
