323 Walnut St, Carbondale, IL 62901
This exceptional investment opportunity presents a 2-story, 1-unit apartment building located at 323 W Walnut St, Carbondale, IL 62901. The property boasts a total square footage of 2,486 square feet, encompassing both the building and lot size. Currently configured as an 8-bedroom student housing unit, it offers significant potential for rental income. The property features one parking space and generates a Net Operating Income (NOI) of $8,980. The asking price is $100,000. This property is individually owned and is part of a larger portfolio of investment properties available for sale, either individually or as a package. The current tenant is under a one-year lease and requires 48-hour notice for showings. The property's APN is 15-21-181-001. This is a prime opportunity for investors seeking a strong return in the Carbondale, Illinois market. The property is managed by the owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.