511 S Rawlings St Carbondale, IL 62901
Estimated payment $2,532/month
Highlights
- Corner Lot
- Carbondale Community High School Rated A
- Central Air
About This Home
Excellent opportunity to own a well-maintained 10-unit multifamily property in a strong rental market. Each unit features 1 bedroom and 1 bathroom,With high-quality construction throughout, this property is truly turn-key.All units are currently leasing at $550/month, generating a solid monthly income of $5,500 with room for future rent increases. Each apartment includes electric baseboard heat and wall-mounted A/C units, making the property extremely low-maintenance and cost-effective for long-term ownership.The building is equipped with separate electric and water meters for each unit, reducing landlord utility responsibilities. City water and sewer are in place for reliability and ease of management.Located just minutes from downtown Carbondale, SIU campus, and local amenities. With ample off-street parking and a straightforward layout, this is a hassle-free, income-generating asset for any portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,256
Year Built
- Built in 1963
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 81.25 x 180
- Corner Lot
Home Design
- 5,976 Sq Ft Home
- Shingle Roof
Bedrooms and Bathrooms
- 2 Bedrooms
Parking
- 10 Parking Spaces
- On-Street Parking
Schools
- Carbondale High School
Utilities
- Central Air
- Wall Furnace
Listing and Financial Details
- Assessor Parcel Number 15-21-326-007
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 | $12,256 | $107,550 | $13,007 | $94,543 |
| 2023 | $11,515 | $97,417 | $11,782 | $85,635 |
| 2022 | $11,129 | $89,934 | $10,877 | $79,057 |
| 2021 | $10,966 | $85,562 | $10,348 | $75,214 |
| 2020 | $10,625 | $87,076 | $10,531 | $76,545 |
| 2019 | $10,197 | $87,433 | $10,574 | $76,859 |
| 2018 | $9,900 | $91,238 | $11,034 | $80,204 |
| 2017 | $9,782 | $91,238 | $11,034 | $80,204 |
| 2016 | $9,551 | $91,238 | $11,034 | $80,204 |
| 2015 | -- | $54,412 | $11,034 | $43,378 |
| 2014 | -- | $54,412 | $11,034 | $43,378 |
| 2012 | -- | $55,522 | $11,259 | $44,263 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2025 10/08/25 | For Sale | $284,900 | -- | $48 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $450,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $360,000 | No Value Available |
Source: RMLS Alliance
MLS Number: QC4268189
APN: 15-21-326-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 513 S Rawlings St
- 505 S Rawlings St
- 611 W Cherry St
- 613 W Cherry St
- 900 W Cherry St
- 701 & 703 W College St
- 501 S Poplar St
- 505 S Poplar St
- 604 S Rawlings St
- 508 W College St
- 505 W Cherry St Unit 2
- 505 W Cherry St
- 510 S Beveridge St Unit 16
- 609 S Poplar St
- 605 W Freeman St
- 407 S Beveridge St
- 403 W Cherry St
- 516 S Forest Ave
- 405 W Elm St
- 410 S Ash St
- 516 S Rawlings St
- 504 S Rawlings St
- 710 W College St Unit 1
- 412 S Poplar St
- 820 W Freeman St
- 600 W Mill St
- 805 W Main St
- 400 N Oakland Ave
- 405 E College St
- 511 S Graham Ave
- 405 S Graham Ave
- 501 E College St
- 711 S Wall St
- 600 E Campus Dr Unit 8A
- 607 E Park St
- 800 E Grand Ave
- 614 E Park St
- 1207 S Wall St
- 805 E Park St
- 900 E Grand Ave