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Renovated 8-Unit Apartment Building
For Sale
$425,000

411 East Hester Street, Carbondale, IL 62901

Fully updated property with occupied apartments, individual utilities, and shared laundry facilities.

Property SizeContact for details
Days on Market309

Property Features for 411 East Hester Street

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Multi Family 5+ / Multi Family 5+
Occupancy 100%
Net Operating Income $46,714

Additional Details

Multifamily Units 8

Taxes and HOA fees

Annual Taxes $8,286

Amenities

shared laundry facility

Building Details

Year Built 1968
Buildings 1
Listing Agency: KELLER WILLIAMS PINNACLE
Listed By: Daniel Harshbarger · License #471020918
Source: Compass
Added: Oct 28, 2025 Changed: Aug 30 Last Checked: Aug 30 at 5:40PM

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 KELLER WILLIAMS PINNACLE

Investment Insights

Based on property information with market context.

Built in 1968, this renovated apartment property contains 8 units arranged across ground and upper levels, with 4 residences on each level. The apartments use mirrored layouts featuring open living and dining areas, galley kitchens, stainless steel appliances, and packaged terminal A/C units. Appliances were installed in 2016, and each unit has its own water heater and separate electric meter. Mediacom cable and internet hookups are also available.

The lower level provides a shared laundry area with three washers and two dryers, along with a maintenance workshop. The property includes a 5-car parking slab plus street parking. All 8 units are currently tenant-occupied. The building is located at 411 East Hester Street in Carbondale, near SIU Campus and downtown Carbondale. The roof dates to 2009.

Key Highlights

  • 8‑unit apartment property with 4 upper‑level and 4 ground‑level units
  • All 8 units are currently tenant‑occupied
  • Stainless steel appliances installed in 2016

Property Analytics

Current Use

Forest Park Apartments Apartment Building

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store HVAC Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,583
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?
Apartment building - Fully updated property with occupied apartments, individual utilities, and shared laundry facilities.
Where is this apartment building located?
The property is located at 411 East Hester Street Carbondale, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 8‑unit apartment property with 4 upper‑level and 4 ground‑level units; All 8 units are currently tenant‑occupied; Stainless steel appliances installed in 2016
More about this property
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