2202 Illinois Ave Carbondale, IL 62903
- Residential income homes
- 2,016 SF
Current Use by Public Records
- Residential income homes
Property Details for 2202 Illinois Ave
- Year built
- 1984
- Property size
- 2,016 SF
- Property type
- Residential income homes
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained, two-unit apartment building located at 2202 S Illinois Ave, Carbondale, IL 62903. Built in 1984, this single-story property boasts a total of 2,016 square feet situated on a 2,016 square foot lot. The property features two units, each offering two bedrooms and one bathroom, along with the convenience of an attached carport. This configuration is ideal for generating consistent rental income. The property's Net Operating Income (NOI) is a robust $3,935, making it an attractive proposition for investors seeking a solid return. The asking price is $118,900. The property is individually owned and is suitable for a 1031 exchange. The property's APN is 09-32-452-013. This is a fantastic opportunity to acquire a proven income-generating asset in a desirable location. The property's single-story design and manageable size offer ease of maintenance and management. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carbondale
- County
- Jackson
- State
- Illinois
- Longitude
- -89.2199
- Latitude
- 37.6944
