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Multifamily Property with Mixed Rentals
For Sale
Contact for pricing
Pending

310-312 W MONROE Street 4, Carbondale, IL 62901

Relatively new multifamily with 2 units annually rented and 1- and 3-bedroom units used as Air BNB.

Property SizeContact for details
Days on Market195

Property Features for 310-312 W MONROE Street 4

General Information

Standard status Pending
Property subtype Multifamily
Net Operating Income $20,700

Building Details

Year Built 10
Listing Agency: Commercial Realty Associates
Listed By: Rolf Schilling · License #IL
Source: Crexi
Added: Feb 20 Changed: Aug 8 Last Checked: Jul 24 at 5:59PM

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 consists of multiple rental units in relatively new construction and reported to be in good condition. At the time of listing, the 2-bedroom unit is annually rented, while the 1- and 3-bedroom units are currently operated as Air BNB.

The property is described as within walking distance to downtown restaurants and entertainment, adjacent to the Carbondale library, and across from Memorial Hospital.

The listing also notes the sale is a bank foreclosure.

Key Highlights

  • Multifamily in good condition with year built reported as 10
  • 2‑bedroom unit is annually rented
  • 1- and 3‑bedroom units are used as Air BNB

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Grocery & Convenience Store Locksmith Bakery Computer & Electronic Repair

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

1,443
Businesses Nearby

Demographics for 62901, IL

22,967
Population
12,498
Households
1.8
Avg Household Size
29
Median Age
48%
College-Educated
95%
High-School Grad
27.1 sq mi
ZIP Area
847
Density / Sq Mi
$32,960
Median Household Income
$23,962
Median Earnings
$732
Median Rent
$137,600
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?
Short term rental property - Relatively new multifamily with 2 units annually rented and 1- and 3-bedroom units used as Air BNB.
Where is this short term rental property located?
The property is located at 310-312 W MONROE Street 4 Carbondale, IL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Multifamily in good condition with year built reported as 10; 2‑bedroom unit is annually rented; 1- and 3‑bedroom units are used as Air BNB
(618) 303-0700 Call to check price and availability
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