2202 Illinois Ave, Murphysboro, IL 62966
This Murphysboro, Illinois property presents a fantastic investment opportunity for those seeking rental income. Located at 2202 Illinois Avenue, this multifamily property consists of a single-story building constructed in 1984, encompassing 2,016 square feet on a 2,016 square foot lot. The property features two separate apartments, each boasting two bedrooms and one bathroom. Each unit also includes an attached carport, providing convenient parking for residents. The asking price is $123,900, translating to $61,950 per unit and $61.46 per square foot. The property is zoned "Other" and includes two parking spaces. Trash removal is covered by the seller, while tenants are responsible for other expenses. This is an individually owned property with APN 09-32-452-014. The property's location in Murphysboro, Jackson County, Illinois (zip code 62966) offers a promising market for rental income. This is a turnkey opportunity to add an income-generating asset to your portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.