Duplex Property with
6997 Apple Lane, Carbondale, IL 62902
For Sale
$130,000
Residential Income, Carbondale, IL
Property Size929 SF
Lot Size0.46 Acres
Price / SF$139.94
Days on Market127
Property Features for 6997 Apple Lane
General Information
Property type
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Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
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Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
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Architectural style
Buildings
Listing Agency:
Worth Clark Realty
(800) 991-6092
Listed By:
Robin Bert · License IL 471.021195
(573) 450-5149
Added: Jul 8
Changed: Oct 26
Last Checked: Nov 11 at 12:06AM
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.
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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.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
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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
$184,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Carbondale, IL
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Vacancy Rate% for Multifamily in Midwest region
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
