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    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Center House Holdings LLC · 2 yrs held
    Center House Holdings LLC
    since 2024
    6 recorded transactions
    2024
    2024
    2023
    2018
    2016
    $285,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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