For Sale
$375,000

1529 Spruce St Murphysboro, IL 62966

Eight-unit Murphysboro apartment building with recent upgrades.

Overview

Added:
Dec 11, 2024
Days on market:
131
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.

Highlights

  • Eight-unit apartment building in Murphysboro, IL, totaling 5,500 square feet, listed at $375,000.
  • Recently renovated with exterior electrical upgrades, new exterior doors and locks, and updated gutters.
  • Offers eight parking spaces and is located at 1529 Spruce St, Murphysboro, IL 62966 (APN: 14-04-357-009).
  • Turnkey investment opportunity with strong rental potential in a stable market.

Property Details for 1529 Spruce St

Property type
Apartment buildings
Square Feet
5,500 SF
Year Built
1973
Units
8

Location Insight

City
Murphysboro
County
Jackson
State
Illinois
Latitude
37.7636241
Longitude
-89.3404865
1529 Spruce St, Murphysboro, Illinois

FAQs

What type of property is this?
Apartment building - Eight-unit Murphysboro apartment building with recent upgrades.
Where is the apartment building located?
The property is located at 1529 Spruce St Murphysboro, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Eight-unit apartment building in Murphysboro, IL, totaling 5,500 square feet, listed at $375,000.; Recently renovated with exterior electrical upgrades, new exterior doors and locks, and updated gutters.; Offers eight parking spaces and is located at 1529 Spruce St, Murphysboro, IL 62966 (APN: 14-04-357-009).
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1529 Spruce St
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