Duplex Property with
For Sale
$130,000
6997 Apple Lane, Carbondale, IL 62902
Residential Income, Carbondale, IL
Property Size929 SF
Lot Size0.46 Acres
Price / SF$139.94
Days on Market90
Property Features for 6997 Apple Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Parking features
Carport, Driveway
Subdivision
Lakewood Park Unit 3
Elementary school
CARTERVILLE DIST 5
Middle school
CARTERVILLE DIST 5
High school
Carterville
Elementary school district
CARTERVILLE DIST 5
Middle school district
CARTERVILLE DIST 5
High school district
CARTERVILLE DIST 5
Directions
Turn off Spillway Road onto Apple Lane. Property is located toward the end of the road before the curve.
Standard status
Active
APN
05-32-258-030/31/32/33
Size
929 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1499
Utilities
Heating system
Radiant
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Laminate
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Bungalow
Listing Agency:
Worth Clark Realty
(800) 991-6092
Listed By:
Robin Bert · License #471.021195
(573) 450-5149
Added: Jul 8
Changed: Sep 28
Last Checked: Oct 5 at 3:06PM
MLS# 26025989
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This bungalow-style duplex was built in 1973 and measures 929 square feet on a 0.46-acre parcel. The structure uses frame construction with vinyl siding, shingle roofing, vinyl and laminate flooring, radiant heat, and window or wall/window cooling. Parking is provided by a carport and driveway.
The property is offered with lots 859, 860, 861, and 862. The broader offering includes four duplex units, with the option to acquire one or all according to the available arrangement. Units are leased month to month, and the property is located in the Carterville School district near the Spillway and Shawnee Wine Trail.
The property is offered with lots 859, 860, 861, and 862. The broader offering includes four duplex units, with the option to acquire one or all according to the available arrangement. Units are leased month to month, and the property is located in the Carterville School district near the Spillway and Shawnee Wine Trail.
Key Highlights
- 929 square feet on 0.46 acres
- Four duplex units available to purchase individually or together
- Month‑to‑month occupancy with many long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,284
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,680
$165.7K
Cap Rate 7%
$118,343
$118.3K
Cap Rate 9%
$92,044
$92.0K
Market Conditions
NOI Build-Up for 929 SF
Gross rent
$12.8K $13.80/SF
− Vacancy
−$986 −$1.06/SF
EGI
$11.8K $12.74/SF
− OpEx
−$3.6K −$3.82/SF
NOI
$8.3K $8.92/SF
Area
Jackson County, IL
Vacancy
7.69%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,680
Cap Rate 7%
$118,343
Cap Rate 9%
$92,044
Alternative Uses
Best Use
Multifamily LT 5
$118.3K
$103.6K – $138.1K
NOI $8,284 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$103.0K
$90.2K – $120.2K
NOI $7,212 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$253.2K
$221.6K – $295.4K
NOI $17,725 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 62902, IL
4,344
Population
2,340
Households
1.9
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
68
Density / Sq Mi
$75,313
Median Household Income
$30,218
Median Earnings
$899
Median Rent
$184,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated bungalow-style duplex with month-to-month occupancy, carport parking, and driveway access.
Where is this duplex located?
The property is located at 6997 Apple Lane Carbondale, IL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 929 square feet on 0.46 acres; Four duplex units available to purchase individually or together; Month‑to‑month occupancy with many long‑term tenants
