For Sale
$43,000

406 University Ave Carbondale, IL 62901

Four-unit apartment building, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
128
This 1,196 square foot multifamily property, located at 406 S University Ave, Carbondale, IL 62901, presents a compelling investment opportunity. The property, built in 1943, features four units within a single, one-story building situated on a 1,196 square foot lot. The property boasts a Net Operating Income (NOI) of $3,092 and includes four parking spaces. The metal roof is a notable feature. This property is being sold AS-IS. The property is conveniently located near Southern Illinois University. While requiring some renovations ("TLC"), this investment offers significant upside potential. This is an individual ownership property with APN 15-21-184-014. Additional properties owned by the same investor are available for purchase as a package deal. Serious inquiries are encouraged.

Highlights

  • $43,000 asking price for a four-unit multifamily property.
  • 1,196 square feet on a 1,196 square foot lot in Carbondale, IL.
  • $3,092 annual Net Operating Income (NOI).
  • Four units, one building, one story, built in 1943.
  • Four parking spaces.
  • Located near Southern Illinois University (SIU).

Property Details for 406 University Ave

Property type
Residential income homes, Apartment buildings
Square Feet
1,196 SF
Year Built
1943
Buildings
1
Stories
1
Units
4

Location Insight

City
Carbondale
County
Jackson
State
Illinois
Latitude
37.723650452949
Longitude
-89.218155117698
406 University Ave, Carbondale, Illinois

FAQs

What type of property is this?
Residential income home - Four-unit apartment building, great potential.
Where is the residential income home located?
The property is located at 406 University Ave Carbondale, IL.
What is the asking price?
The asking price for this property is $43,000.
What are key features of this property?
This property features: $43,000 asking price for a four-unit multifamily property.; 1,196 square feet on a 1,196 square foot lot in Carbondale, IL.; $3,092 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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406 University Ave
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