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    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ralph A Wallace
    Ralph A Wallace
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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