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Property profile & analytics
OFF-MARKET Estimated value $270,000
Investment properties

1529 Spruce St Murphysboro, IL 62966

0.14 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US28-3052036
Property summary
AI-generated overview

This exceptional eight-unit apartment building, located at 1529 Spruce Street in Murphysboro, Illinois, presents a compelling investment opportunity. Boasting a total of 5,500 square feet, this property offers a solid return at an asking price of $375,000 ($68.18 per square foot). Constructed in 1973, the building has undergone recent improvements to enhance both its aesthetic appeal and functionality. These upgrades include a completely refurbished exterior electrical breaker box for Unit 3, ensuring reliable power. For added security, all exterior doors and locks have been replaced with brand-new units. Furthermore, updated gutters provide improved drainage, protecting the building's structure. The property's curb appeal has been significantly enhanced with the removal of old landscaping. The building includes eight parking spaces, providing convenient parking for residents. The property's address is 1529 Spruce St, Murphysboro, IL 62966, and its Assessor's Parcel Number (APN) is 14-04-357-009. This well-maintained multifamily property is ideal for investors seeking a turnkey operation with modern updates and strong rental potential in a stable market. The property's location in Jackson County, Illinois offers easy access to local amenities and services.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.14 ac (5,984 SF)
APN 14-04-357-009
UPID US28-3052036
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
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k
Owner & transaction history
Center House Holdings LLC · 2 yrs held
Center House Holdings LLC
since 2024
6 recorded transactions
2024
Price N/A
2024
Price N/A
2023
Price N/A
2018
Price N/A
2016
$285,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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