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    OFF-MARKET
    Residential income homes

    2202 Illinois Ave, Carbondale, IL 62903

    2,016 SF Built 1984
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Residential income homes
    Year built 1984
    Total area 2,016 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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