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Waterfront Multifamily Property
For Sale
$30,000

314 W ELM Street #3, Carbondale, IL 62901

Most units are occupied, with some rentals extending through 2026.

Property SizeContact for details
Days on Market8

Property Features for 314 W ELM Street #3

General Information

Standard status Active
Property subtype Multi-Family

Amenities

Forced Air
Natural Gas
Water Front
Listing Agency: COMMERCIAL REALTY ASSOCIATES
Listed By: Rolf Schilling · License #471012048
Source: Kw
Added: Aug 26 Changed: Aug 30 Last Checked: Sep 1 at 12:27AM

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 at 314 W Elm Street includes units that are generally in good condition, and most have been inspected by the City. Current occupancy includes rentals extending through 2026 for some units.

The property offers waterfront frontage along with forced-air heating and natural gas service. It is being sold as-is without warranties, while buyer inspections are permitted. The sale is a bank foreclosure, and no expense or rent history is available beyond current information following the bank’s takeover.

Key Highlights

  • Waterfront multifamily property at 314 W Elm Street #3
  • Most units are currently rented, with some rentals extending through 2026
  • Most units are in good condition and have been inspected by the City

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Parts Store Daycare Center Nursing Home Garden Center (Bike/Boat/Book/etc) Store Auto Repair Shop

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

8,564
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Most units are occupied, with some rentals extending through 2026.
Where is this multifamily property located?
The property is located at 314 W ELM Street #3 Carbondale, IL.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Waterfront multifamily property at 314 W Elm Street #3; Most units are currently rented, with some rentals extending through 2026; Most units are in good condition and have been inspected by the City
More about this property
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