$720,000

405 E Mill St Unit 14 Carbondale, IL 62901

Estimated payment $6,474/month

Total Views 7,340
-- Bed
-- Bath
14,400 Sq Ft
$50 Price per Sq Ft

About This Home

BANK FORECLOSURE! 14 two bedroom townhouse units with 1.5 baths. Appliances including washer/dryer, dishwasher, refrigerator and stove included in most units. Large paved parking lot seconds from Southern Illinois University Campus Rec and Medical Center. A projected annual income of $127,000 currently based on existing income. An identical adjacent complex was under contract within 2 weeks of listing. This one should sell fast also. The bank has only owned this property a few months and has no rental history or annual expenses available. Any offers should state "Property is purchases AS IS with no warranties."

Listing Agent

Rolf Schilling

COMMERCIAL REALTY ASSOCIATES License #471012048 Listed on: 08/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,309

Year Built

  • Built in 2008

Lot Details

  • Lot Dimensions are 240x120
  • Additional Parcels

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 14,400 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters

Community Details

Overview

  • 14 Units

Building Details

  • Gross Income $127,200
  • Net Operating Income $93,891

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,309

Year Built

Built in 2008

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 2008
  • Built Before 1978 (Y/N): No
  • Information: Othr-Call List Agent
  • Estimated Age: 16-25 Years
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 14
  • Drive-In Doors: 14
  • Dishwashers: 14
  • Refrigerators: 14
  • Ranges: 14
  • Number of Washers: 14
  • Room: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Concrete Perimeter

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Gas

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 240x120
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 14400

Rental Info

  • Board Number: 29

Multi Family

  • Net Operating Income: 93891
  • GrossIncome: 127200
  • NumberOfUnitsTotal: 14
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 33309
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2025 08/22/25 For Sale $720,000 -- $50 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $3,750 None Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: EB459419

Midwest Real Estate Data (MRED)

APN: 15-21-430-002

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