1529 Spruce St, Murphysboro, IL 62966
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.