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    OFF-MARKET
    Residential income homes

    2202 Illinois Ave, Murphysboro, IL 62966

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

    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.

    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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