For Sale
$795,000

2310 Illinois Ave Carbondale, IL 62903

High-yield, 17-unit income property.

Overview

Added:
Feb 3
Days on market:
77
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 Details for 2310 Illinois Ave

Property type
Commercial real estate
Square Feet
11,000 SF
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Carbondale
County
Jackson
State
Illinois
Latitude
37.69271
Longitude
-89.21983
2310 Illinois Ave, Carbondale, Illinois

FAQs

What type of property is this?
Commercial real estate - High-yield, 17-unit income property.
Where is the commercial real estate located?
The property is located at 2310 Illinois Ave Carbondale, IL.
What is the asking price?
The asking price for this property is $795,000.
How can I contact the broker?
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2310 Illinois Ave
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