For Sale
$795,000

2310 Illinois Ave Carbondale, IL 62903

17-Unit Apartment Complex, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional multifamily investment property in Carbondale, Illinois presents a lucrative opportunity. Located at 2310 S Illinois Avenue, this well-maintained complex comprises three buildings situated on a one-acre lot. The property features a total of seventeen units, each a one-bedroom, one-bathroom apartment with its own in-unit laundry facilities. Built in 2001, the buildings are two stories high, offering a total of 11,000 square feet of living space. The property boasts 24 parking spaces, providing ample accommodation for residents. Its convenient location offers easy access to downtown Carbondale and Southern Illinois University, just one mile away. Major shopping centers are within a two-mile radius. The property is zoned SB and has a Jackson County APN of 15-33-326-002. This Class B property is offered at $795,000 and represents a strong addition to any investment portfolio. The property has undergone city inspections, ensuring compliance with all relevant regulations. A virtual tour is available for a more detailed view of this income-generating asset. This is a turnkey opportunity for immediate income generation and long-term appreciation. The individual ownership structure simplifies the acquisition process.

Highlights

  • $795,000 asking price for a 17-unit multifamily property.
  • Class B, 11,000 square foot apartment building with 17 units.
  • Three buildings on a one-acre lot, including a single-family home and two 8-plexes.
  • All units are one-bedroom, one-bathroom with in-unit laundry.
  • Located in Carbondale, IL (62903), near downtown, SIU, and major shopping.
  • 24 parking spaces and permitted zoning is SB.

Property Details for 2310 Illinois Ave

Property type
Apartment buildings, Small apartment buildings
Square Feet
11,000 SF
Class
B
Year Built
2001
Buildings
3
Stories
2
Lot Size (sq. ft)
43,560 SF
Units
17

Location Insight

City
Carbondale
County
Jackson
State
Illinois
Latitude
37.6927293
Longitude
-89.2192814

FAQs

What type of property is this?
Apartment building - 17-Unit Apartment Complex, High ROI Potential
Where is the apartment building 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.
What are key features of this property?
This property features: $795,000 asking price for a 17-unit multifamily property.; Class B, 11,000 square foot apartment building with 17 units.; Three buildings on a one-acre lot, including a single-family home and two 8-plexes.
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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2310 Illinois Ave
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