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Property profile & analytics
FOR SALE
Investment properties

2310 Illinois Ave Carbondale, IL 62903-5987

1 ac lot
Individually Owned ~ Est. High Equity
Property ID
US28-3494505
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-maintained, city-inspected income-producing property situated on a one-acre lot in Carbondale, Illinois. The property comprises three buildings: a single-family home with one bedroom and one bathroom, and two eight-unit apartment buildings, each unit offering one bedroom and one bathroom. A key feature is that each unit includes its own laundry facilities, enhancing tenant appeal and convenience. The total square footage encompasses 11,000 square feet, providing substantial rental income potential. The property's strategic location offers significant advantages. It's conveniently located within minutes of downtown Carbondale and just one mile south of Southern Illinois University, ensuring a consistent demand for rental units from students and the local community. Major shopping complexes are only two miles away, providing residents with easy access to retail amenities. This turnkey investment is ready for an immediate return, offering a rare chance to acquire a substantial multi-family property in a thriving market. The property's strong occupancy rates and consistent rental income stream make it an attractive proposition for both seasoned investors and those seeking to diversify their portfolio. The well-maintained condition of the buildings minimizes immediate capital expenditure needs, allowing for a swift and profitable return on investment.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 1 ac (43,560 SF)
APN 15-33-326-002
UPID US28-3494505
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
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k
Owner & transaction history
Ralph A Wallace
Ralph A Wallace
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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