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1950 Illinois Avenue Carbondale, IL 62901

$265,000

5002 Square Feet

Tax History: $9357 - 2024

Estimated Payment: $1,255 Per Month*

Based on a 30-year fixed rate of 5.88% with 20% down. [ Change ]

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Property Description

$265,000 , Located in CRAWSHAW & STEPHENS, CARBONDALE. ZIP Code: 62901

Excellent investment opportunity in Carbondale! This 9-unit apartment building features private exterior entrances for each unit and is currently cash flowing, with 8 of 9 units occupied. A mix of month-to-month and year-long leases are in place, providing both stability and flexibility for new ownership. Ideal for investors seeking immediate income with potential for value-add improvements. Please contact the listing agent to schedule appointments—seller requires proof of funds or pre-approval prior to any showings. Due to tenant occupancy, some units may not be available for interior viewing. Property is being sold AS-IS.

This property is located on 1.78 Acre(s).

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Main Features:

Approximate lot size is 2 Acre(s)
Elementary School: CARBONDALE DIST 95
Middle School: CARBONDALE DIST 95
High School: Carbondale

Send Message to Realtor:

MLS#: 25028679
Listing ID: 62096
Updated: 16 hours and 42 mins ago
Days on site: 7 days

Listing provided by

Brooke Mitchell

Keller Williams Pinnacle

* The Estimated Payment is offered as a tool for your convenience and is not an offer of credit. Actual mortgage rates and fees vary depending on your lender. Please check with your local lender for accurate mortgage rate information.

Note: Broker may not have reviewed or approved listing. All information that is provided by the listing agent/broker is deemed reliable but it is not guaranteed and should always be independently verified.

The multiple listing information is provided by Southwestern Illinois Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listing and each individual listings are © 2025 Southwestern Illinois Regional Multiple Listing Service, Inc.. All Rights Reserved.

The information provided is for consumers' personal, non-commercial user and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.