42-Unit Apartment
For Sale
$2,400,000
400 North Oakland Avenue, Carbondale, IL 62901
Two-bedroom apartments offer private balconies, equipped kitchens, storage, and on-site laundry facilities.
Property Size39,774 SF
Price / SF$60.34
Days on Market12
Property Features for 400 North Oakland Avenue
General Information
Standard status
Active
Size
39,774 SF
Property subtype
Multifamily
Units
Unit Mix
42 x 2BR/1.5BA
Multifamily Units
42
Additional Details
Public Transit
Yes
Amenities
fully-equipped kitchens
private balconies or porches
on-site laundry facilities
ample parking
Building Details
Year Built
1970
Listing Agency:
CBRE
(314) 655-6060
Listed By:
Matt Bukhshtaber
(314) 655-6060
Source:
Cbre
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 31 at 1:48PM
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 CBRE
Investment Insights
Based on property information with market context.
Palomino Apartments is a 42-unit community built in 1970, with a consistent two-bedroom, 1.5-bath layout throughout. Individual residences include fully equipped kitchens, private balconies or porches, substantial closet and storage space, and access to on-site laundry facilities. The property also provides ample parking, while 24 units have renovated interiors featuring LVT flooring, painted cabinetry, updated fixtures and hardware, and select common-area and exterior improvements.
The community is located at 400 North Oakland Avenue in Carbondale, near Southern Illinois University, Memorial Hospital of Carbondale, and retail and dining destinations. Downtown Carbondale and Amtrak are also accessible from the property, along with major employers and regional recreation areas including Giant City State Park and Shawnee National Forest. Historically strong occupancy reflects established resident demand.
The community is located at 400 North Oakland Avenue in Carbondale, near Southern Illinois University, Memorial Hospital of Carbondale, and retail and dining destinations. Downtown Carbondale and Amtrak are also accessible from the property, along with major employers and regional recreation areas including Giant City State Park and Shawnee National Forest. Historically strong occupancy reflects established resident demand.
Key Highlights
- 42‑unit apartment community in Carbondale
- All residences feature two bedrooms and 1.5 baths
- 24 units have renovated interiors
Property Analytics
Property Profile
Current Use
Lease Details
42
Residential units
Location Intelligence
Trade Area within ½ mile
924
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom apartments offer private balconies, equipped kitchens, storage, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 400 North Oakland Avenue Carbondale, IL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 42‑unit apartment community in Carbondale; All residences feature two bedrooms and 1.5 baths; 24 units have renovated interiors
