For Sale
$118,900

2202 Illinois Ave Carbondale, IL 62903

Two-unit rental property, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional investment opportunity presents a well-maintained, two-unit apartment building located at 2202 S Illinois Ave, Carbondale, IL 62903. Built in 1984, this single-story property boasts a total of 2,016 square feet situated on a 2,016 square foot lot. The property features two units, each offering two bedrooms and one bathroom, along with the convenience of an attached carport. This configuration is ideal for generating consistent rental income. The property's Net Operating Income (NOI) is a robust $3,935, making it an attractive proposition for investors seeking a solid return. The asking price is $118,900. The property is individually owned and is suitable for a 1031 exchange. The property's APN is 09-32-452-013. This is a fantastic opportunity to acquire a proven income-generating asset in a desirable location. The property's single-story design and manageable size offer ease of maintenance and management. Serious inquiries are encouraged.

Highlights

  • $118,900 asking price for this multifamily investment property.
  • Two-unit apartment building with 2,016 square feet.
  • $3,935 annual Net Operating Income (NOI).
  • Located at 2202 S Illinois Ave, Carbondale, IL 62903.
  • Built in 1984, this single-story building sits on a 2,016 sq ft lot.
  • Broker co-op available; suitable for a 1031 exchange.

Property Details for 2202 Illinois Ave

Property type
Residential income homes, Apartment buildings
Square Feet
2,016 SF
Year Built
1984
Buildings
1
Stories
1
Units
2

Location Insight

City
Carbondale
County
Jackson
State
Illinois
Latitude
37.6944091
Longitude
-89.2199161
2202 Illinois Ave, Carbondale, Illinois

FAQs

What type of property is this?
Residential income home - Two-unit rental property, strong NOI.
Where is the residential income home located?
The property is located at 2202 Illinois Ave Carbondale, IL.
What is the asking price?
The asking price for this property is $118,900.
What are key features of this property?
This property features: $118,900 asking price for this multifamily investment property.; Two-unit apartment building with 2,016 square feet.; $3,935 annual Net Operating Income (NOI).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2202 Illinois Ave
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