Search
Historic 8-Unit Apartment Building
For Sale
Contact for pricing

418 W Monroe St, Carbondale, IL 62901

Historic eight-unit multifamily property featuring one-bedroom units with full kitchens and off-street parking.

Property SizeContact for details
Days on Market122

Property Features for 418 W Monroe St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 8
Listing Agency: Landmark Realty Group
Listed By: Justin Zurlinden · License #471.021022
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 4:56AM

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 Landmark Realty Group

Investment Insights

Based on property information with market context.

This historic 8-unit apartment complex offers eight one-bedroom residences. Each unit includes a full bath, a full kitchen with appliances, and a sizable living/dining area. The building features wood floors, tall ceilings, large windows, and decorative railings and trim work that contribute to its distinctive character.

The property is located downtown and positioned between the SIUC and SIH campuses. Public remarks note that there is plenty of parking, and an adjacent property is also available for purchase.

For tenants and owners looking for a compact income-producing setup, the configuration is consistent across the building, with each unit offering the same core layout components: kitchen with appliances, full bath, and dedicated living/dining space.

Key Highlights

  • Historic 8‑unit multifamily property with 1‑bedroom units and full baths
  • Each unit includes a full kitchen with appliances and a large living/dining space
  • Wood floors and tall ceilings in the units, with decorative trim work and railings throughout

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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
Turnkey business
Opportunity

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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Historic eight-unit multifamily property featuring one-bedroom units with full kitchens and off-street parking.
Where is this apartment building located?
The property is located at 418 W Monroe St Carbondale, IL.
What are key features of this property?
This property features: Historic 8‑unit multifamily property with 1‑bedroom units and full baths; Each unit includes a full kitchen with appliances and a large living/dining space; Wood floors and tall ceilings in the units, with decorative trim work and railings throughout
(618) 203-5057 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message