$265,000

1950 N Illinois Ave Carbondale, IL 62901

Estimated payment $2,281/month

Total Views 12,402
66 Beds
65 Baths
5,007 Sq Ft
$53 Price per Sq Ft

Highlights

  • Popular Property
  • 1.78 Acre Lot
  • Covered Patio or Porch
  • Carbondale Community High School Rated A
  • No HOA
  • 1-Story Property

About This Home

Fantastic opportunity to start or expand your portfolio with this 9-unit apartment building, already producing income with 8 of the 9 units currently rented. Set on a spacious 1.78-acre rural lot, this property offers strong rental potential with room to grow. Tenants are responsible for their electricity, while the owner covers sewer, water, and trash, keeping things simple and low-maintenance. Rent roll available upon request. Out of respect for tenants, please do not disturb them. These apartments are true one-bedroom properties. Showings are allowed after an accepted contract with a viewing contingency in place. Tenants’ rights.

Listing Agent

Celeste Wheeler

RE/MAX Preferred License #475136810 Listed on: 07/29/2025

RE/MAX Preferred

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,960

Year Built

  • Built in 1950

Parking

  • 1 Car Garage
  • Parking Lot

Home Design

  • Aluminum Siding

Interior Spaces

  • 5,007 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 66 Bedrooms
  • 65 Bathrooms

Schools

  • Carbondale Dist 95 Elementary And Middle School
  • Carbondale High School

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Baseboard Heating

Additional Features

  • Covered Patio or Porch
  • 1.78 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 15-09-326-022

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 8 Leased Units
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,960

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Property Sub-Type: 5 Family or More
  • ResoLaundryFeatures: None
  • Lot Size Acres: 1.78
  • Total Gross Income: 54300
  • Co List Office Phone: 618-624-2111
  • MLS Status: Active
  • Subdivision Name: CRAWSHAW & STEPHENS
  • Above Grade Finished Sq Ft: 5007
  • Architectural Style: Apartment Style, Low/1-2, Ranch
  • Carport Y N: No
  • Unit Levels: One
  • New Construction: No
  • MIS_AboveGradeFinishedAreaSrchSqFt: 5007.00
  • MIS_SellerConsiderConcessionYN: 0
  • MIS_PoolYN: 0
  • MIS_UnitCount: 2
  • MIS_AuctionYN: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No
  • Total Bedrooms: 66

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Disclosures: Year Built Unknown
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Covered

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Parking Lot

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: CARBONDALE DIST 95
  • Junior High Dist: CARBONDALE DIST 95
  • High School: Carbondale
  • Middle Or Junior School: CARBONDALE DIST 95

Lot Info

  • Parcel Number: 15-09-326-022

Rental Info

  • Owner Pays: Sewer, Trash, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9959.56

Multi Family

  • Number Of Units In Community: 9
  • Number Of Units Total: 9
  • Net Operating Income: 27000
  • Number Of Units Leased: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $9,357 $79,162 $12,370 $66,792
2022 $9,044 $73,082 $11,420 $61,662
2021 $8,912 $69,529 $10,865 $58,664
2020 $8,634 $70,759 $11,057 $59,702
2019 $8,286 $71,050 $11,103 $59,947
2018 $8,045 $74,142 $11,586 $62,556
2017 $7,949 $74,142 $11,586 $62,556
2016 $7,762 $74,142 $11,586 $62,556
2015 -- $55,452 $11,586 $43,866
2014 -- $55,452 $11,586 $43,866
2012 -- $56,583 $11,822 $44,761
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $265,000 +19.4% $53 / Sq Ft
02/02/2024 02/02/24 Sold $222,000 -11.2% $44 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
01/11/2022 01/11/22 For Sale $249,900 -- $50 / Sq Ft
Source: MARIS MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $177,600 New Conventional
Previous Owner $143,000 Commercial
Source: Public Records

About the Listing Agent

Celeste Wheeler

RE/MAX Preferred

(618) 418-3423

Section Image

"Veteran Serving Veterans"
I began selling Residential properties in 2004, one year prior to retiring from the Air Force. I've received numerous Sales awards but bigger rewards for Community service involvement with working at the Airman's Attic at Scott AFB, feeding the Homeless monthly and Church, conducting Home buying Workshops for First-Time home buyers, and helping various Non-profit organizations with their agendas. I've lived in this area since 1995 and do sell Real Estate

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  • 45 Delores Dr, East Saint Louis, IL 62206

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    Investor Alert! This fully updated, low-maintenance property is tenant-occupied with a solid lease through May 1, 2026, at $1,050/month. With strong infrastructure, reliable tenants, and a consistent rental history, this is the definition of a stress-free investment. No rehab needed—sit back and collect rent from day one. Whether you're an out-of-state investor looking to grow your portfolio or

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Source: MARIS MLS

MLS Number: MIS25040149

MARIS MLS

APN: 15-09-326-022