Turn-Key 5-Unit Income
For Sale
Contact for pricing
319/321 E COLLEGE Street, Carbondale, IL 62901
Five residential units across two buildings with three 3BR/1.5BA units and additional leased and ready-to-rent units.
Property SizeContact for details
Days on Market110
Property Features for 319/321 E COLLEGE Street
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
5
Building Details
Tenancy
Multi
Listing Agency:
Southern Illinois Realty Experts
(618) 988-2323
Listed By:
Melanie Harp · License #478025788
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 23 at 11:22AM
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 Southern Illinois Realty Experts
Investment Insights
Based on property information with market context.
This turn-key 5-unit income property is set up across two buildings and offers a straightforward residential rental configuration. Building 319 includes three spacious 3BR/1.5BA units, with rent rolls available. Building 321 has Unit A currently leased and Unit B recently vacated and ready to rent.
The property is marketed with multiple recently remodeled units, including two of the units in Building 319. With an established rental history and multiple units positioned for occupancy, the setup is designed for immediate revenue potential and ongoing management.
The current unit mix totals five units, combining leased and available-for-occupancy space within the two-building layout.
The property is marketed with multiple recently remodeled units, including two of the units in Building 319. With an established rental history and multiple units positioned for occupancy, the setup is designed for immediate revenue potential and ongoing management.
The current unit mix totals five units, combining leased and available-for-occupancy space within the two-building layout.
Key Highlights
- 5 residential units across two buildings
- Includes three 3BR/1.5BA units
- Unit 319: three 3BR/1.5BA units generating $3,050/month (rent rolls available)
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Five residential units across two buildings with three 3BR/1.5BA units and additional leased and ready-to-rent units.
Where is this apartment building located?
The property is located at 319/321 E COLLEGE Street Carbondale, IL.
What are key features of this property?
This property features: 5 residential units across two buildings; Includes three 3BR/1.5BA units; Unit 319: three 3BR/1.5BA units generating $3,050/month (rent rolls available)
