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Multifamily Rental Building
For Sale
$99,500

519 S Rawlings St, Carbondale, IL 62901

Rental complex with six units, on-site parking, and HVAC in every unit.

Property SizeContact for details
Days on Market199

Property Features for 519 S Rawlings St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 6
Listing Agency: Four Ways Realty
Listed By: Al Lenkaitis · License #RASI
Source: Exprealty
Added: Feb 21 Changed: Aug 25 Last Checked: Sep 7 at 2:13PM

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 Four Ways Realty

Investment Insights

Based on property information with market context.

This multifamily rental building offers six units. Unit mix includes two four-bedroom, three-bath residences and additional units with two to three bedrooms and two and a half baths. All appliances are included, and HVAC is provided in every unit.

The property is offered for sale with on-site parking available for residents. The building is described as being close to SIU.

With its six-unit configuration and in-unit HVAC, the property is designed for straightforward residential rental operations. Appointments are required to view the interior units.

Key Highlights

  • Six‑unit rental complex for sale, close to SIU
  • Unit mix includes two 4‑bedroom/3‑bath units
  • Additional units offer 2–3 bedrooms with 2 1/2 baths

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,459
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 - Rental complex with six units, on-site parking, and HVAC in every unit.
Where is this apartment building located?
The property is located at 519 S Rawlings St Carbondale, IL.
What is the asking price?
The asking price for this property is $99,500.
What are key features of this property?
This property features: Six‑unit rental complex for sale, close to SIU; Unit mix includes two 4‑bedroom/3‑bath units; Additional units offer 2–3 bedrooms with 2 1/2 baths
More about this property
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