319 E College St Carbondale, IL 62901
Estimated payment $2,825/month
About This Home
Turn-Key, 5-Unit Income Property that could replace a 9-5 job with a single investment! Step right into cash flow with this income-producing property featuring five total units across two buildings. • 319: Three spacious 3BR/1.5BA units generating $3,050/month (rent rolls available). Two of the units have been recently remodeled! • 321: Unit A leased at $1,500/month; Unit B just vacated and is ready to rent for another $1,500/month. That’s a potential $6,050/month gross income when fully occupied! Strong rental history, immediate returns, and room for growth make this the perfect portfolio builder. Contact your agent for a showing today!
Listing Agent
Southern Illinois Realty Experts - Herrin License #475.195358 Listed on: 09/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,356
Year Built
- Built in 1958
Parking
- 5 Parking Spaces
Home Design
- 4,912 Sq Ft Home
- Shingle Roof
- Vinyl Siding
Schools
- Carbondale High School
Additional Features
- 13 Bedrooms
- Corner Lot
- Window Unit Heating System
- Finished Basement
Community Details
- Trash Expense $360
Listing and Financial Details
- Assessor Parcel Number 15-21-426-019
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $5,420 | $47,565 | $2,080 | $45,485 |
| 2023 | $5,093 | $43,084 | $1,884 | $41,200 |
| 2022 | $4,922 | $39,774 | $1,739 | $38,035 |
| 2021 | $4,850 | $37,840 | $1,654 | $36,186 |
| 2020 | $4,699 | $38,509 | $1,683 | $36,826 |
| 2019 | $4,510 | $38,667 | $1,690 | $36,977 |
| 2018 | $4,379 | $40,350 | $1,764 | $38,586 |
| 2017 | $4,411 | $41,137 | $1,764 | $39,373 |
| 2016 | $4,306 | $41,137 | $1,764 | $39,373 |
| 2015 | -- | $35,371 | $1,764 | $33,607 |
| 2014 | -- | $35,371 | $1,764 | $33,607 |
| 2012 | -- | $36,093 | $1,800 | $34,293 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | For Sale | $365,000 | -- | $74 / Sq Ft |
Source: RMLS Alliance
MLS Number: PA1263586
APN: 15-21-426-019
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.