NOT LISTED FOR SALE

511 S Rawlings St Carbondale, IL 62901

Estimated Value: $276,409

2 Beds
-- Bath
5,976 Sq Ft
$46/Sq Ft Est. Value

Sale Details

Date Sold: November 24, 2025

Last sale price $284,900 $48 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,761 / mo

35 Days on Market

About This Home

As of November 2025

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.

Last Agent to Sell the Property

Misael Chacon

Beycome brokerage realty, LLC License #471.021523 Listed on: 10/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,256

Year Built

  • Built in 1963

Lot Details

  • 13,068 Sq Ft Lot
  • Lot Dimensions are 81.25 x 180

Home Design

  • 5,976 Sq Ft Home

Utilities

  • Central Air
  • Separate Meters
  • Private Water Source

Community Details

  • 10 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,256

Year Built

Built in 1963

Lot Details

0.3 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Commercial
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Legal Description: J A Logans Add Lot 9 Blk 6 707/518 2013/17763 Lot 81.25 X 180
  • Information: Show-Call Owner
  • Estimated Age: Older
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Water Source: Private

Lot Info

  • Lot Size Acres: 0.3
  • Lot Dimensions: 81.25 X 180
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 5976

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: -12256
  • NumberOfUnitsTotal: 10

Tax Info

  • Tax Annual Amount: 12256

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2025
Closed on
Nov 25, 2025
Sold by
Bought by
Seller's Agent
Misael Chacon
Beycome brokerage realty, LLC
List Price
$284,900
Sold Price
$284,900
Views
14
Current Estimated Value
$276,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,491
Original Mortgage
$200,000
Outstanding Balance
$167,529
Interest Rate
6.27%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 8, 2025
Closed on
Sep 25, 2025
Sold by
Bought by
Seller's Agent
Misael Chacon
Beycome brokerage realty, LLC
List Price
$284,900
Sold Price
$284,900
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.58%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 11, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.75%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$450,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $200,000
Previous Owner $230,000
Previous Owner $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 Sold $284,900 0.0% $48 / Sq Ft
11/12/2025 11/12/25 Pending -- -- --
10/08/2025 10/08/25 For Sale $284,900 -- $48 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4268189

Midwest Real Estate Data (MRED)

APN: 15-21-326-007

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