Well-Maintained Duplex &
For Sale
$130,000
6997 Apple Lane, Carbondale, IL 62902
MULTI_FAMILY - Bungalow - Carbondale, IL
Property Size929 SF
Lot Size0.46 Acres
Price / SF$139.94
Days on Market93
Property Features for 6997 Apple Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Parking features
Driveway, Carport
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
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl
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
(314) 222-0065
Added: Apr 29
Changed: Jul 29
Last Checked: Jul 30 at 5:06PM
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 offering is a very well-maintained residential income property on 6997 Apple Lane, consisting of four duplex units and one triplex. The complex has been improved and updated by the owner, and the current units are described as staying rented on a month-to-month basis. If a tenant moves out, the owner notes a list of potential prospects for leasing. The property is presented as a cohesive, maintained complex on a single parcel totaling 0.46 acres, with a listed overall size of 929 square feet.
The seller indicates the sale may include additional land. Seller is adding an extra lot to each unit, which would give 3 or 4 lots. The unit(s) included with this listing are described as lots 859, 860, 861, and 862, and the owner may also include some of the lots between 6929 and 6997 Apple Lane in the sale.
For investors or first-time landlords, the current month-to-month tenancy provides an operating starting point while offering flexibility for leasing decisions. The listing also states that tours for qualified buyers are available with a bank letter or preapproval. The property is noted as being not far from the Spillway and on the Shawnee Wine Trail, and it is in the Carterville School district.
The seller indicates the sale may include additional land. Seller is adding an extra lot to each unit, which would give 3 or 4 lots. The unit(s) included with this listing are described as lots 859, 860, 861, and 862, and the owner may also include some of the lots between 6929 and 6997 Apple Lane in the sale.
For investors or first-time landlords, the current month-to-month tenancy provides an operating starting point while offering flexibility for leasing decisions. The listing also states that tours for qualified buyers are available with a bank letter or preapproval. The property is noted as being not far from the Spillway and on the Shawnee Wine Trail, and it is in the Carterville School district.
Key Highlights
- 4 duplex units and 1 triplex in the complex, with month‑to‑month tenancies that stay rented
- Seller has improved and updated the complex and added an extra lot to each unit (potentially 3 or 4 lots total)
- Included lots: 859, 860, 861, and 862; owner may include additional lots between 6929 and 6997 Apple Lane
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.8k | $13.80 |
| − Vacancy | −$986 | −$1.06 |
| EGI | $11.8k | $12.74 |
| − OpEx | −$3.6k | −$3.82 |
| NOI | $8.3k | $8.92 |
929 SF · lease $13.80/SF/yr · vacancy 7.69% · expense 30.00%
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
Property Profile
Current Use
Lease Details
7
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Five residential income units are offered with current month-to-month occupancy and additional lots discussed by the seller.
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: 4 duplex units and 1 triplex in the complex, with month‑to‑month tenancies that stay rented; Seller has improved and updated the complex and added an extra lot to each unit (potentially 3 or 4 lots total); Included lots: 859, 860, 861, and 862; owner may include additional lots between 6929 and 6997 Apple Lane
