505 Main StCarbondale, IL 62901

Property Details for 505 Main St

Year built

1918

Property type

Residential income homes

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a two-unit multifamily building located at 505 W Main St, Carbondale, IL 62901. The property, built in 1918, consists of a main red brick house and a separate back apartment, situated on a lot with five parking spaces. The main house requires significant rehabilitation and is currently vacant. The rear apartment is currently rented under a one-year lease, requiring 48-hour notice for showings. The property boasts a Net Operating Income (NOI) of $1,728. The building is a two-story structure, encompassing a total of two units. The property is individually owned and identified by APN 15-21-154-027. This property is managed by a separate management company owned by the seller. This is one of several investment properties available for sale, offering the potential for individual purchase or acquisition as part of a larger portfolio. Serious inquiries only. Further details are available upon request.

Location Insight

City

Carbondale

County

Jackson

State

Illinois

Latitude

37.7265

Longitude

-89.2227

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